Contents tagged with Sanctions on Russia

  • 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, 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 …

  • Kremlin calls new US sanctions unlawful

    The US sanctions against Russia that will come into force on August 22 are unlawful. They negatively affect international trade, Russian President’s press secretary Dmitry Peskov told Kommersant FM radio. He also stressed that “such restrictions will certainly affect the entire international trade.”

    “We are aware that the bill has been prepared. We are familiar with the content of the bill. It has been published on their internet resources. We have carefully studied it and we consider that it …

  • Kremlin: new Ukrainian sanctions against Russia would be a violation of international law

    The imposition of sanctions against Russia by Ukraine will be considered “a blatant violation of rules of international law,” stated the official representative of the Russian Foreign Ministry, Maria Zakharova.

    “The package announced by the Kyiv regime can be compared with the “Magnitsky list”, another attempt to impose unilateral coercive measures that are contrary to international law and the practice of civilized international relations,” TASS cites Zakharova as saying.

    Earlier, Ukrainian …

  • US special envoy Volker promises more sanctions on Russia

    The US currently has many packages of sanctions against Russia, and they will increase until Russia starts to collaborate in the search for a resolution of the conflict in Ukraine, the violation of human rights, and so on, said US State Department Special Representative for Ukraine Kurt Volker in an interview with the Pryamiy TV channel.

    “The sanctions, I believe, are already having an effect. They have not yet changed Russia’s fundamental  policy towards Ukraine or the Donbas. But I know that …

  • Russian Foreign Minister: Putin is ready to meet with ‘unfriendly’ Trump

    The Russian Foreign Minister, Sergey Lavrov said that Russia was ready to “meet even with representatives of the states that lead unfriendly policies – including the USA”, TASS reported.

    Commenting on the relevance of a meeting in the light of Washington’s statements on sanctions, Lavrov answered, “We have never avoided communication, including with representatives of the states that have adopted a clearly unfriendly policy towards us”.

     “If the two leaders feel the need to meet and refer to …