Contents tagged with Sanctions on Russia

  • Deripaska’s company Rusal asks Kremlin to provide concessions for transport tariffs as US sanctions take effect

    Russian billionaire Oleg Deripaska’s company, UC Rusal, requested through Prime Minister Dmitry Medvedev to reduce costs for transportation of raw materials and finished products by rail, the Kommersant newspaper reports.  

    According to the sources cited in the newspaper, Rusal asked to reduce tariffs of the Russian Railways company for transportation of raw materials and products, which was estimated by the company to be worth around 24 billion rubles (380 million dollars) from July 1. …

  • Ukraine fails to impose sanctions against Putin's friend Rotenberg

    Russian oligarch Arkady Rotenberg and his company Minudobreniya avoided getting onto the list of individuals and legal entities against which Ukraine imposed economic sanctions. The National Security and Defense Council of Ukraine (NSDC) told Deputy Serhiy Leshchenko that this was due to lack of proposals from the SBU (Ukrainian Security Service), Economichna Pravda writes.

    "In accordance with the law "On Sanctions,” the NSDC deliberates on the application, cancellation and amendment to …

  • Ukraine denies entry to trains carrying Russian liquefied natural gas

    On June 13, the Ukrainian Railways (Ukrzaliznytsia) office denied approximately 160 tanks carrying liquefied natural gas (LNG) access to entry via the Russian-Ukrainian border crossings. Enkorr news outlet reported that this incident is connected with the entry into force of the National Security and Defense Council (NSDC) sanctions list, citing sources at Ukrzaliznytsia.

    The tanks, which were banned from entering the country, belong to Russian companies named on the sanctions list.

    On June 7, …

  • Kremlin: US purposely introduced new sanctions on eve of Russia Day

    Russia’s Foreign Ministry has commented on the new anti-Russian sanctions introduced by the US. The Russian department emphasized that Washington “can’t shut up with its sanctions”.

    “The result, as before, will be null – it will not be able to force Russia to change its independent course in the international arena. But the American politicians continue to entertain illusions that the US is the world’s policeman, and with each new failed attempt to pressurize our country, they only demonstrate …

  • US introduces sanctions against Russian companies with FSB links

    The US Treasury Department has imposed new sanctions against three Russian citizens and five Russian enterprises suspected of involvement in "malicious cyber-enabled activities."

    "One of the designated entities is controlled by and has provided material and technological support to Russia’s Federal Security Service (FSB), while two others have provided the FSB with material and technological support," a US Treasury statement, released on June 11, stated.

    The press release noted examples of …

  • NATO Secretary General insists on maintaining sanctions against Russia

    NATO Secretary General Jens Stoltenberg stated at a press-conference in Brussels on Thursday that the Alliance does not want the isolation of Russia and wishes for relations with the country to become better; however, NATO does support the sanctions policy currently levied against the Russian Federation.

    “The Alliance supports what we call a double approach,” Interfax-Ukraine cites Stoltenberg saying. “Namely: deterrence and defense, but also dialogue. Since Russia is our neighbor, and it will …

  • France rules out quick removal of EU sanctions against Russia

    French Minister of Foreign Affairs, Jean-Yves Le Drian, stated that Paris is against a rapid review of EU sanctions imposed against Russia for its aggression towards Ukraine, Radio Free Europe Radio Liberty reports.

    “When there is progress [towards settling the conflict in Ukraine], then we will be able to raise the issue of sanctions, and that is what we will tell Italy,” he stated.

    Earlier, Italian Prime Minister Giuseppe Conte stated that his government will advocate a review of the …

  • Prime Minister of Italy proposes a review of the sanctions against Russia

    Italian Prime Minister Giuseppe Conte said he was in favor of revising the system of European sanctions against Russia, ANSA news agency reported.

    "We will become advocates of openness towards Russia, which has strengthened its international role in resolving various geopolitical crises in recent years. We will become the initiators of a review of the sanctions system, starting with those that oppress civil society in Russia," Conte said, speaking in the Senate.

    He stressed that Italy intends …

  • Switzerland freezes bank accounts of Russian oligarch Vekselberg after US sanctions are imposed

    Swiss banks have decided to freeze the personal bank accounts of Russian billionaire Viktor Vekselberg due to US sanctions, Forbes Russia reports. The journal cited sources close to Renova group, the Russian businessman’s primary asset.

    According to Forbes, approximately one billion Swiss francs (1.01 billion dollars) have been frozen in Vekselberg's Swiss accounts. The oligarch’s lawyers are already trying to appeal this decision and obtain compensation for the freeze, but experts interviewed …

  • Putin signs bill on counter-sanctions against US and sets sights on money from China

    On Monday, Russian President Vladimir Putin signed a bill on counter-sanctions against the US and other “hostile foreign countries”, which was drafted in response to the blacklisting of billionaires Viktor Vekselberg and Oleg Deripaska, together with all the companies belonging to them.

    According to the document uploaded to the legal information portal, the Russian government is given the right to terminate international collaboration with countries which have introduced anti-Russian sanctions, …