Contents tagged with Sanctions on Russia

  • Russia accuses the US of creating false excuses to impose sanctions

    The Russian Ministry of Foreign Affairs accused the US of creating excuses to impose sanctions.

    In response to Washington's charges against a Russian woman accused of interfering in the Congressional midterm elections, the Russian Foreign Ministry said that the US is leading “a shameful slanderous campaign” against Russia, which stems from the desire of some American politicians to gain the upper hand in “interparty brawls”.

    “They use illegible means, including evidently ordered criminal …

  • EU preparing new sanctions against Russia

    On Monday, October 15, the Foreign Affairs Council of the European Union will approve a plan for new sanctions against Russia. This time sanctions will be imposed due to the use of chemical weapons, reported Interfax citing the British Foreign Ministry. According to the document, sanctions were proposed by the UK and France and concern not only Russia but are intended to prevent the criminal use of chemical weapons around the world. Those responsible for the sanctions saw the need for action …

  • Confidence of Russians in a better future reaches all time low

    The pension reform, the depreciation of the ruble, the endless sanction conflict with the West and the government’s plans to raise taxes after a record drop in the population’s real income – all of these factors have undermined Russians’ faith in the country’s prospects.

    At the end of the second quarter, 50% of Russians thought that the country’s worst times were yet to come, according to a report on social well-being by the National Research University Higher School of Economics (HSE).

    In …

  • US extends sanctions against Russian defense industry

    The US Department of Commerce announced on Tuesday that new sanctions were being introduced against Russian companies.

    According to a publication in the Federal Register, 12 new legal entities were blacklisted, meaning that it is prohibited to carry out operations with them, and they are banned from supplying technology.

    The blacklisted entities include two of Rostec’s subsidiaries, the Vector scientific research institute and the Technologiya scientific production company. Washington …

  • US ramps up sanction pressure on Russia

    On Thursday, the US announced that it is expanding the sanctions against Russia for meddling in US elections, as part of the Countering America’s Adversaries Through Sanctions Act (CAATSA).

    27 Russians have been blacklisted for “acting on behalf of the intelligence or defense sector of the Russian government,” the US State Department reported.

    The blacklisted Russians include GRU chief Igor Korobov and Yevgeny Prigozhin, who started as a restaurateur in St. Petersburg, and is now believed by …

  • Chinese banks join sanctions against Russia

    The Russian government’s hopes that China will help it to overcome western sanctions are gradually being dashed by the harsh reality, finanz.ru writes.

    Despite the fact that de jure Beijing has not placed any financial sanctions on Russia, Chinese banks have effectively adopted the restrictions imposed by the US and EU.

    China’s commercial credit organizations are delaying transfers to Russian banks’ accounts, or outright refusing to make payments, said Vladimir Danilov, head of the Central …

  • Czech authorities do not see reasons to lift sanctions from Russia

    The authorities of Czech Republic are convinced that there is not yet a reason to lift anti-Russian sanctions of the EU. The Czech leadership came to this conclusion during consultations regarding the implementation of the course of foreign policy of the country, held on Wednesday, in the presidential residence, reports Ceske Noviny.

    During a meeting held at the Prague Castle, all politicians agreed that the reasons, on which anti-Russian sanctions were introduced, still exist. In a joint …

  • USA weighs two options for the next round of sanctions against Russia

    The US Senate should consider two escalatory sanctions options that are planned for this fall. The proposal was made by Daniel Fried,the former coordinator for sanctions policy of the United States Senate Committee on Banking, Housing, and Urban Affairs.

    "Escalatory options can include two types: intensified sectoral sanctions targeting specific sectors such as finance, energy, defense/dual use technology, and cyber; and additional sanctions against individuals, particularly those close to …

  • Montenegro, Albania, Norway and Ukraine extend sanctions against Russia

    Montenegro, Albania, Norway and Ukraine supported the EU’s proposal to extend sanctions against Russia until January 31, 2019, according to a statement by High Representative of the European Union for Foreign Affairs and Security Federica Mogherini, posted on the EU Council website.

    "The Candidate Countries Montenegro and Albania, and the EFTA country Norway, member of the European Economic Area, as well as Ukraine, align themselves with this declaration. They will ensure that their national …

  • Threat of new US sanctions sends Russian government bank shares tumbling

    Russian government bank shares continue to plummet on the Moscow Exchange due to the threat of new US sanctions, which at first seemed unlikely, but are becoming more real every day.

    After US Senator Chris Van Hollen said that the bipartisan sanctions bill will target the Russian banking sector, Sberbank and VTB Bank’s share prices began to drop at an accelerating rate.

    At the end of trading on Thursday, Sberbank’s shares had lost 4.84%, closing at a price of 178.71 rubles, a low since August …