Contents tagged with Sanctions on Russia
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Moscow court denied Siemens’ claim to return gas turbines delivered to Crimea
The Moscow Arbitration Court dismissed the claim of the Russian subsidiary of the German company Siemens against the Russian state corporation Rostec on the return of the turbines supplied for the thermal power plants (TPPs) being built in the annexed Crimea, as reported on January 10th by RIA Novosti.
"We deny the claim," Judge Ayuna Tsidipova said.
The plaintiff, manufacturer of turbines, Siemens Gas Turbine Technologies LLC, asked the court to recognize the contract for the supply of …
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Berlin fines German company for importing goods to Russia in violation of sanctions
A German company that exported dual-use equipment to Russia, was fined 190,000 euros, as reported by the German edition, Stuttgarter Nachrichten.
According to the publication, the equipment supplied to the Russians can be used, among other things, for military purposes.
In order to export such equipment to Russia, the firm had to obtain a special permit as required as part of EU sanctions against Moscow, but supplied the equipment without it.
"The request for permission is usually refused if …
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Russia creating coordination center to facilitate work of military industry under Western sanctions
The Russian Federation has established an ad-hoc agency to “ensure sustainable development” of the industrial-defense complex and stable production of a state defense order “under the expected strengthening of unlawful sanctions by the United States,” Russian Deputy Prime Minister Dmitry Rogozin said.
According to Rogozin, the headquarters was formed based on the Military-Industrial Commission (VPK) established in 2014 “to implement state policy in the industrial defense and to oversee the …
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Head of Adidas urged EU to improve relations with Russia
Adidas-Group CEO Kasper Rørsted said Europe should improve relations with Moscow. "The one who thinks that we are punishing Russia with sanctions is mistaken. In the West, jobs are also gone because of this, but politicians prefer to keep silent about such results," Rørsted said in an interview with Frankfurter Allgemeine Sonntagszeitung, published on Saturday, January 6.
Rørsted stressed that he is not advocating for the European Union to lift sanctions against Russia. However, Rørsted …
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Russian Alfa-Bank to stop servicing defense companies due to Western sanctions
The first deputy chairman of the board of directors of Alfa-Bank Oleg Sysuev told Ekho Moskvy (Echo of Moscow) radio that the bank has notified the Russian defense companies that they will not be providing them with service because of Western sanctions.
Sysuev clarified that the bank is not going to break off relations with defense companies at once. “We are trying to minimize the risks,” he explained.
On December 29, Forbes published an interview with the founder of Alfa-Group, Mikhail …
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Media: Russian billionaires dispose of assets ahead of US sanctions
Russian oligarchs have begun to dispose of assets ahead of the publication of the US Finance Ministry’s report on businessmen who are close to the Kremlin and may be placed under sanctions.
As TASS reported with reference to information from the London Stock Exchange, at the end of December a large block of shares in the Petropavlovsk gold-mining company was sold by billionaire Viktor Vekselberg, who is number 10 on the Russian Forbes list with $12.4 billion.
The Petropavlovsk shares were …
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Canada expressed unanimous support of Ukraine
The Government of Canada supports Ukraine in the fight against Russian aggression and refuses to lift sanctions against Moscow, the President of the Ukrainian Canadian Congress (UCC) Paul Grod said, Ukrinform reports.
"There is almost unanimous support of Ukraine among the members of Parliament, understanding that Russia is an aggressor and that one of the key mechanisms to deter the Russian Federation is sanctions," he stated.
"Canada has no risk of lifting sanctions. Moreover, there is no …
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Volker: US ready to partially remove sanctions from Russia if Kremlin implements the Minsk agreements
The United States is ready to partially lift sanctions against Russia after full implementation of the Minsk agreements in the Donbas,stated US special representative for Ukraine Kurt Volker in an interview with Echo of Moscow.
"It's very simple, very, very simple. Secretary of State Tillerson, Pentagon chief James Mattis, [and] the US president have spoken about this: we want to see the restoration of the sovereignty and territorial integrity of Ukraine, [and] security and protection for all …
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Former Chancellor of Germany Schroder: lifting sanctions may be a step towards rapprochement with Russia
Former German Chancellor Gerhard Schroeder said that rapprochement between Russia and Germany is impossible without Vladimir Putin.
"Managing Russia is not an easy task. Rather, [Germany] must proceed from the fact that it will not be better after Putin. A step towards rapprochement could lead to the gradual lifting of reciprocal sanctions," Schröder told the Rheinische Post.
In addition, he commented on his chairmanship of the Rosneft Board of Directors, which became public in September. …
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US Special Representative for Ukraine: Russia motivated only by sanctions
In an interview with the Italian newspaper La Stampa, US Special Representative for Ukraine Kurt Volker called the outgoing year the most violent since the beginning of the conflict in the Donbas, saying that sanctions against the Russian Federation should continue.
In addition, Volker called the impression that the crisis in eastern Ukraine was over "absolutely mistaken".
"The year 2017 was the most violent year. The number of violations of the ceasefire has increased, the number of dead …