Contents tagged with Sanctions on Russia

  • US authorities fine ExxonMobil for deal with Russian Rosneft

    A notice regarding a fine for ExxonMobil was placed on the US Ministry of Finance’s website. The notice points out that company and its subsidiary organizations (ExxonMobil Development Co. and ExxonMobil Oil Corp.) violated §589.201 of the sanction legislation introduced in connection with the events in Ukraine. This paragraph imposes a ban on deals with entities on the sanction list.

    The violation with the company’s involvement took place in the period between the 14th and the 23rd of May 2014 …

  • Russia: world aircraft industry depends on Russian titanium supplies

    Restrictions on importing titanium metal from Russia to Europe will adversely affect the world aircraft building industry, according to Viktor Kladov, Director of International Cooperation and Regional Policy of Rostec, (Russian State corporation) in an interview with Rossiyskaya Gazeta.

    Kladov explained that Western companies import raw materials and titanium products mainly from the Russian Federation. That is why "when the subject of sanctions was just beginning to circulate," American …

  • Kyiv: Ukraine provided the EU with proof of Russia’s circumvention of sanctions

    Kostiantyn Yelisieiev, the Deputy Head of the Presidential Administration of Ukraine announced on Channel 5 TV that the representatives of the European Union at the Ukraine-EU summit were presented with information about Russia's circumvention of sanctions.

    Yelisieiev said that the representatives of Ukraine handed over the document, which spelled out all the facts and cases whereby Russia managed to circumvent European sanctions. According to him, Kyiv also drew attention to attempts of the …

  • The National Security and Defense Council of Ukraine proposes expanding sanctions on Russia

    The National Security and Defense Council (NSDC) of Ukraine instructed the Cabinet of Ministers of Ukraine, the Security Service of Ukraine (SBU), and the National Bank to make proposals on expanding the list of persons subject to sanctions in connection with aggression by the Russian Federation, as stated by NSDC Secretary, Oleksandr Turchynov, Interfax-Ukraine reports.

    "The United States and the EU have decided to impose new sanctions against the Russian Federation, and we cannot ignore …

  • The bill on anti-Russian sanctions was transferred from the Senate to the US House of Representatives

    Representatives of the upper house of the US Congress resolved technical issues in the bill on expanding sanctions against Russia. Those issues prevented the document from being deliberated in the House of Representatives, Reuters reported.

    On June 20, Republicans in the lower house stalled the document, transferring it for consideration to the Foreign Affairs Committee. According to them, the draft law in its present form violates the constitutional order concerning the issues of government …

  • The Kremlin promised to respond to EU sanctions in accordance with the principle of reciprocity

    The Kremlin views the extension of EU sanctions against Russia, "negatively and with regret,” as stated by the presidential press secretary, Dmitry Peskov, RIA Novosti reported.

    According to him, Russia will respond to the sanctions by the European Union. "Nobody canceled the principle of reciprocity," Peskov said.

    Earlier it was reported that the European Union extended sanctions against Russia for an additional six months, keeping the restrictions in effect at least until January 31, 2018.

  • Russia is preparing a response to new package of US sanctions and last year's expulsion of diplomats

    The Russian government is preparing measures in response to a package of new US sanctions and the expulsion of diplomats from the United States in December 2016, an official spokesperson for the Russian Foreign Ministry, Maria Zakharova, said in an interview with Rossiya [Russia] 1 TV.

    Maria Zakharova said that the response "will have a very solid base." "The response measures are being prepared. This, as you understand, will not be decided only in the Ministry of Foreign Affairs," she added. …

  • The White House: The law on sanctions against Russia has no legal effect due to a violation of the procedure of its approval

    The bill with a strengthened package of sanctions against Russia, which was passed almost unanimously in the US Senate, has no legal effect due to a violation of the procedure of its approval. This was announced on Monday, June 26 during a briefing by the representative of the White House, Sean Spicer, Ukrinform reports.

    "The decision of the Senate was adopted in violation of procedure, so there is no new bill at this time," he said. Spicer did not comment on US President Trump’s position on …

  • President of Lithuania: Sanctions against Russia should be strengthened and expanded

    The West should expand sanctions against Russia, as the situation in eastern Ukraine does not improve, as stated by Lithuanian President Dalia Grybauskaite before the EU summit in Brussels, Delfi reports.

    "The situation in Ukraine thus far only continues to deteriorate… In eastern Ukraine, a direct, real, de-facto inclusion of that part of the country into the territory of Russia has begun," said Lithuanian President Grybauskaite.

    She also pointed out to the fact that Moscow, with separatist …

  • White House: The U.S. will continue the policy of sanctions against Russia until it 'leaves eastern Ukraine'

    The USA intends to continue the sanctions policy towards Russia until it "leaves eastern Ukraine," as indicated on Tuesday by the White House Press Secretary Sean Spicer, at a routine press briefing.

    On Tuesday, the U.S. Finance Ministry included 38 people and organizations, including "two Russian civil servants" and two of their assistants, in the sanctions list. Among the Russians on the list are the Deputy Minister of Economic Development of the Russian Federation, Sergey Nazarov, a member …