Contents tagged with Sanctions on Russia
Gazprom recognizes that new US sanctions adopted in August of this year create risks for all export pipelines, including both existing projects and those under construction. However, an accurate assessment of their costs will require commentary the US Treasury.
The Gazprom quarterly report published on Tuesday says that "The law of August 2, 2017 creates risk for the extraterritorial application of certain US sanctions, and may adversely affect the participation of foreigners in certain new …
Serbian Foreign Minister Ivica Dacic said in an interview with the Russian newspaper Izvestia that his country will not support anti-Russian sanctions.
Answering a question about whether there is a possibility that under certain circumstances Serbia might be swayed by the West to go against Russia, Dacic said that “Serbia will remain consistent with its policy and will not join European sanctions against Russia.” The foreign minister also stressed that Serbia hoped and wished for the “soonest …
The Ministry of Economic Development and Trade of Ukraine, at the request of the Security Service of Ukraine(SBU), imposed sanctions against 18 Russian companies. The corresponding orders No.1582 and 1583 were adopted by the Ministry on October 30th, 24 TV reports.
Sanctions have been imposed on companies "for carrying out activities that could harm the interests of national economic security."
18 Russian companies have fallen under the sanctions: Loli-Pak Exports, the Snack Group, Belgorod …
The U.S. State Department explained the updated sanctions issued by the Ministry of Finance on October 31, saying that it will work with its allies on the issue of pressuring Russia with sanctions, RIA Novosti reported.
“We will work with our allies and partners in the implementation of these sanctions in order to impose costs on the Russian government, while seeking to avoid unforeseen negative impacts on others,” the State Department said.
On October 31, the U.S. Treasury Department banned …
The US Department of State’s Special Representative for Ukraine, Kurt Volker, believes that representatives from the so-called Donetsk and Luhansk People's Republics have no place in the negotiation process to resolve the situation in the Donbas. He expressed his opinion in an interview with Hromadske, while answering a question regarding the role of LDPR in the Minsk negotiations.
"I believe that this issue was decided; that the Minsk agreements are between Russia, Ukraine and the OSCE. The …
The Ninth Arbitration Appeals Court of the Russian Federation rejected Siemens’ to appeal seize the turbines which were transported to the Russian-annexed Crimea in violation of sanctions, TASS reported.
Siemens asked to have the four SGT5-2000E gas turbines seized and to prohibit the Russian company Technopromexport or other persons from transporting, installing, operating, modifying, disassembling or otherwise using the turbines. Additionally, Siemens asked that Technopromexport be …
Russian oil and Gas Company Rosneft has suspended oil exploration and production in the southern corner of the eastern part of the Black Sea due to five-year sanctions against Russia, reports TASS.
The Russian Federal Agency for Subsoil Use (Rosnedra) granted Rosneft's petition for a suspension of its license for geological exploration, exploration and production of hydrocarbons at the South Black Sea license area located in the eastern part of the Black Sea.
“According to experts, amid the …
The US State Department has announced that it will selectively apply sanctions against third countries and enterprises that cooperate with Russian companies from the sanctions list, reports RIA Novosti.
A State Department spokesman, in response to a question about whether US allies such as India could buy weapons from Russian companies on the sanctions list, noted that the sanctions would be applied only "in the case of a significant transaction."
"Obviously, we’re going to consider the …
In response to new US sanctions, Russia created a special bank to service defense industry companies, reported the newspaper Kommersant, citing sources close to the government and the presidential administration.
According to the newspaper, the Russian Financial Corporation (RFK), which is 100% owned by Rosoboronexport, a subsidiary of Russian concern Rostec, has become the main candidate for the role of a specialized bank for servicing the military industry.
It is reported that the creation …
The US State Department is working on identifying individuals and organizations associated with the Russian defense and intelligence sectors, and the complexity of the process has caused the deadline to be set back, said State Department spokesman Heather Nauert at a press briefing.
According to Nauert, defining such persons and organizations may lead to them being subjected to new sanctions. The State Department "is working to complete the process." " My understanding – and I’m not working on …