Contents tagged with Sanctions on Russia

  • US expands sanctions against Russia

    The US has announced new sanctions on a number of Russian companies and individuals involved in Russia’s annexation of the Crimea and violence in in eastern Ukraine, as reported on the website of the US Treasury. Both Russian citizens and citizens of Ukraine involved in the activities of the LPR (Luhansk People’s Republic) and DPR (Donetsk People’s Republic) fell under the sanctions. In particular, the Deputy Minister of Energy of the Russian Federation Andrey Cherezov, the Director of the …

  • Kremlin: Russia is ready to be disconnected from SWIFT

    The Russian economy is ready to work without being connected to the SWIFT international bank transfer system, stated Russian Deputy Prime Minister Arkady Dvorkovych at the World Economic Forum in Davos.

    “It can work without SWIFT, at some point SWIFT did not exist. Of course, all of this is a little slower and not as effective, but it can work,” Dvorkovych said, as cited by TASS and RIA Novosti.

    He added that the Russian government hopes that there will be no disconnection from SWIFT, because …

  • Kremlin: Russia will respond to new US sanctions

    Russia will respond promptly to new US sanctions if they are introduced, said Russian Deputy Foreign Minister Sergey Ryabkov, Izvestia reports.

    “We need to wait for developments with respect to the Americans’ announcements of one decision or another. And we will definitely respond,” the diplomat said.

    According to the deputy foreign minister, “all possible courses of action are being analyzed, and all response options will be on the Russian president’s table when and if it becomes necessary …

  • Italian Eni suspends project with Russian oil conglomerate Rosneft due to US sanctions

    The Italian company Eni has suspended its joint drilling with Rosneft in the Black Sea due to the threat of new US sanctions, and is awaiting clarification from the US. A statement to this effect was made by Chairwoman of the Board Emma Marcegaglia at a session of the World Economic Forum in Davos.

    “We began drilling in the Black Sea with Rosneft. You know, new sanctions are expected from the US. Of course, before beginning the project, we investigated carefully and, of course, asked for US …

  • Kremlin warns Microsoft of multibillion dollar losses if it complies with US sanctions against Russia

    Software giant Microsoft could lose several billion dollars’ worth of market revenue in Russia due to US sanctions, said Nikolai Nikiforov, the Minister of Communications and Mass Media of the Russian Federation to journalists on the sidelines of the World Economic Forum in Davos, TASS reports.

    "[The sanctions] will end with the fact that Microsoft will lose a market worth several billion dollars in terms of its corporate and government clients in our country," Nikiforov stated. He added that …

  • Media: Kremlin has chosen a new bank to serve the Russian military sector

    Citing two sources in the government's financial and economic sectors, as well as two financiers familiar with the situation, Kommersant newspaper reports that a special credit organization will be formed as part of Promsvyazbank to work with Armed Services Procurement operations and large state contracts.

    On Thursday, January 18, the Ministry of Finance officially confirmed information that has appeared in the media that a special bank would be created in Russia for the needs of the defense …

  • Media: Generators produced by German concern MAN shipped to Crimea

    The Crimean Zaliv factory, which was unable to purchase equipment from the Finnish company Wärtsilä on account of EU sanctions, has acquired generators produced by the German concern MAN.

    This was reported by RBC with reference to a source familiar with materials relating to the Russian Ministry of Transport (the client for the ship being built at the Zaliv factory). The information was confirmed by a partner of several Russian ship construction companies.

    The diesel generators are intended …

  • European Parliament calls for new sanctions against Russia over interference in elections

    The European Parliament is urging the imposition of sanctions against the Russian Federation due to the interference of Russian hackers in elections, as discussed during debate in the European Parliament in Strasbourg (France) on the impact of Russian propaganda on the European Union.

    The head of the Foreign Affairs Committee of the European Parliament, German MP David McAllister, stressed that the Russian disinformation campaign is aimed at undermining the foundations of objective journalism …

  • Austrian Chancellor speaks in support of ‘gradually lifting sanctions from Russia’

    The gradual lifting of sanctions against Russia should they make progress in the implementation of the Minsk Agreements is appropriate, as stated by Austrian Chancellor Sebastian Kurz in an interview with Frankfurter Allgemeine Zeitung.

    "The EU should insist on progress in the Ukrainian conflict and in the implementation of the Minsk agreements. If there is progress, it is appropriate to lift the sanctions step by step, to create incentives for further progress, about which German President ( …

  • US to announce new sanctions against Russia on January 29

    The US is planning to announce the new sanctions against Russia on January 29, the Russian state news agency TASS cites US Ambassador Jon Huntsman as saying.

    According to Hunstman, a report will be prepared by that time within the framework of the Countering America’s Adversaries Through Sanctions Act.

    Huntsman told the news agency that the authors of the report have made an effort to take into account “how the new sanctions will reflect on Russia-US relations not only in the short term, but …