Contents tagged with Sanctions on Russia

  • US Representative for Ukraine Volker: sanctions against Russia may be eased if it contributes to peace in Donbas

    According to RIA Novosti, U.S. Special Representative for Ukraine, Kurt Volker, stated that western countries can ease sanctions against Russia if Moscow contributes to the achievement of peace in the Donbas region.

    He also added that only a slight easing of restrictive measures is possible, but even this can become a valuable factor in the relations between the Russian Federation and the United States, as it will demonstrate their ability to negotiate.At the same time, Volker noted the lack …

  • Media: Ukraine signs contract with General Electric on diesel locomotives which may be produced by Russian company

    Ukraine recently signed a $1 billion agreement with the American company General Electric on the joint production of diesel locomotives for Ukrainian Railways, report journalists from the investigative program Groshi (Money).

    “Firstly, a similar locomotive model for Kazakhstan, for example, costs 2 million, for Ukraine – 4 million. And the most surprising aspect of this story is that by purchasing these locomotives, our country could well be adding to the budget of the Russian Federation,” the …

  • Kremlin: Western sanctions against Russia will most likely remain forever

    Deputy Prime Minister Dmitry Rogozin said in an interview with the newspaper Kommersant that the restrictive measures that the West has imposed on Russia will remain forever.

    "The sanctions are the reaction of the old enemy to our reinforcement. And they will be lifted only if we again become weak," he said.

    According to Rogozin, "for Russia, sanctions are a chance to show the best features of its national character."

    In response to a question about whether the sanctions hamper the …

  • Russia accuses the United States of unfair competition

    Russia is trying to hedge risks related to instances of unfair competition on the part of the United States in the market of military and technical cooperation. It will fight such instances, said Russian Presidential Press Secretary Dmitry Peskov,  commenting on the recent statements of the US State Department that announced that Russia had lost contracts with some foreign countries amounting to more than $3 billion due to new US sanctions, RBC news agency reports.

    "You know, it's a very, …

  • EU agrees to extend individual sanctions against Russia for six months

    On Wednesday, ambassadors of the countries of the European Union agreed to extend a package of individual sanctions against Russia for six more months. These sanctions, which provide for the freezing of assets and the ban on obtaining visas, are in place because of Russia’s annexation of the Crimea and the war in the Donbas.

    According to Rikard Jozwiak, the Brussels correspondent for Radio Liberty, the European Union has extended for another six months the sanctions applied to 150 citizens and …

  • The US State Department estimates that Russia lost $3 billion in cancelled contracts due to sanctions

    Due to new US sanctions, Russia has lost contracts with a number of foreign countries amounting to more than $3 billion, according to Heather Nauert, an official representative of the US State Department's official.

    "We are pleased that some countries have stopped the purchase of certain Russian materials and supplies. We believe somewhere north of $3 billion – we’ve been able to stop those transactions," Nauert said.

    According to her, the United States warned countries around the world on …

  • Crimean ports under sanctions looking for way out to Syria and Iran

    Crimea’s ports, which are not operating at full capacity due to the fear of ship owners incurring fines from Ukraine and being placed under sanctions by the West, are considering the possibility of working with Syria and Iran, as announced by Crimean Deputy Prime Minister Georgy Muradov.

    “Our ports are barely loaded, and so we are working on a Syrian and Iranian direction, so that ships carrying numerous loads will be able to travel to these countries, which do not impose constraints,” Muradov …

  • Russian arms manufacturer Kalashnikov loses up to 90% of its global civil arms market due to sanctions

    Sanctions imposed on the Kalashnikov concern (part of the Rostec state corporation, the Russian Federation) have cut off the company’s access to 70-90% of the global civil arms market, Interfax-Ukraine reports.

    “Sectoral sanctions imposed against Kalashnikov concern in 2014 by the United States, European Union states, Canada, Japan, Australia, and other countries have decimated the company: the sanctions cut off Kalashnikov’s access to 70-90% of the world’s market of civil weapons,” according …

  • Sberbank says rich Russians are taking their wealth back home out of fear of western sanctions

    With new individual sanctions from the United States looming, an ever-growing number of wealthy Russians choose to keep their assets at home in Russia, according to Eugenia Tyurikova, the head of Sberbank Private Banking, a Sberbank branch that services high-net-worth customers, as reported by RBC news.

    According to Tyurikova, in January 2018, the influx of funds grew threefold from the same period in 2017. “First of all, this was due to the expectations of the sanctions. The end of December …

  • Russia says that it will continue deploying Iskander strategic missiles in Kaliningrad despite Western protests

    The Russian State Duma has commented on Washington's plans to monitor the deployment of the Russian Iskander missile system in the Kaliningrad region. Yury Shvytkin, Deputy Chairman of the State Duma Defense and Security Committee, said that Moscow will continue to deploy the weapons in order to "maintain the balance”.

    "We will deploy them [the Iskander missiles] and similar types of weapons where we find it necessary to strengthen our borders and maintain the balance that the US is trying to …