Contents tagged with US sanctions on Russia

  • USA threatens Russia with new sanctions

    Acting United States Deputy Secretary of the Treasury Sigal Mandelker said that Washington is ready to respond with new sanctions to a full range of "malign activity" by Moscow.

    The speaker did not name specific actions and possible measures, noting only that this concerns elements of a corrupt system, thanks to which the government elites and the oligarchs of the Russian Federation receive a "disproportionate profit."

    "We’re sending a very clear message to Russian oligarchs and elites who …

  • American sanctions against Russian state-owned arms exporter Rosoboronexport go into effect

    Washington has imposed sanctions against Rosoboronexport, accusing it of violating the U.S. nonproliferation of weapons in relation to Iran, North Korea, and Syria.

    JSC Rosoboronexport is the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services

    The decision was made on April 30 and goes into effect on May 9, reported Interfax-Ukraine, citing the U.S. Federal Register.

    In accordance with the decision, no departments or …

  • Ukraine introduces sanctions that mirror US sanctions against Russia

    The National Security and Defense Council (NSDC) has introduced sanctions that mirror US sanctions against Russian companies and citizens for aggression against Ukraine, as reported by the Press Office of the NSDC.

    According to the NSDC’s statement, the National Security and Defense Council held a meeting on Wednesday during which they considered the issue of introducing personal economic and other restrictive measures (sanctions) against legal entities and individuals related to Russian …

  • Deripaska’s companies ask Kremlin for help after falling under US sanctions

    The Ministry of Energy of Russia received a formal request for government support from En+ Group and Rusal who have fallen under US sanctions, TASS reported, citing Deputy Minister Vyacheslav Kravchenko.

    "They have sent us support measures that they require. There are quite a few of them, we are working with them," he said, without specifying which measures the companies are asking for or when they would be enacted. "Rusal made a large number of proposals. There are a lot of them. We are …

  • Kremlin considers helping companies that have been hit by US sanctions

    The Press Secretary of the Russian President, Dmitry Peskov commented on the proposal of the Head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin to temporarily nationalize Rusal, a Russian company that fell under US sanctions.

    Peskov noted that the Cabinet of Ministers, on behalf of Chairman of the Government Dmitry Medvedev, is engaged in providing possible support to companies who are faced with the pressure of the sanctions. He noted that this topic is " …

  • Lavrov: United States wants to punish thousands of Russians with new sanctions

    The US is trying to “create problems for hundreds of thousands of Russians” by introducing more sanctions, Foreign Minister of Russia Sergey Lavrov stated in an interview with the BBC in response to new possible restrictions against Russia. 

    “They [the US] declare that they will never harm ordinary people—only oligarchs, politicians and the military, which supposedly destabilizes the world. This is a lie,” stated the Russian Foreign Minister.

    According to Lavrov, Washington “does not just …

  • Deripaska’s company stock price hits all-time low

    The share price of Russian oligarch Oleg Deripaska’s company UC Rusal dropped to a historic low on the Hong Kong Stock Exchange due to the US’s promises to announce new anti-Russian sanctions.

    On Monday, the company’s share price dropped almost 30% compared to the previous close. At 10:51 Moscow time, the unit price was 1.43 Hong Kong dollars (0.18 USD). Rusal’s previous all-time low was 2.09 Hong Kong dollars on June 12, 2016.The day before, the US Treasury Department announced new sanctions …

  • Washington introduces new restrictions on companies dealing with Russian oil industry

    The US Department of Treasury updated Directive No. 4, originally introduced in 2014, as part of the sanctions against Russia due to the conflict in Ukraine. Restrictions against Russian oil companies have been extended to future projects on developing recoverable oil outside Russia.

    The new sanctions law (CAATSA -Countering America’s Adversaries Through Sanctions Act), signed by US President Donald Trump on August 2nd, required the amendment of this directive. The amendments had to be made by …