Contents tagged with Sanctions
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Sberbank decides to leave Ukraine
Russian Sberbank has announced its intention to abandon its Ukrainian subsidiaries.
“We are looking for ways to withdraw from Ukraine. With such a position from the government, we do not have much time. I would not like to comment on anything, until we reach a final decision,” said Herman Gref, head of Sberbank.
As reported by Rambler News Service, Gref called the sanctions against Sberbank in Ukraine “illegal actions”.
“The situation in Ukraine is quite complicated. Emotionally complicated …
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Ukraine imposed sanctions on politicians from the Czech Republic and Serbia for visiting the Crimea
The Security Service of Ukraine decided to ban for a period of five years the entry of four deputies from Serbia and a deputy from the Czech Republic who had traveled to the Crimea. Olena Gitlyanska, the press secretary of the Security Service of Ukraine posted this update on Facebook.
"The Security Service of Ukraine checked information about the presence of politicians from European and other countries in the Crimea who arrived there at the invitation of the pro-Russian authorities ‘to …
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Mogherini: EU would be glad to lift sanctions on Russia if Minsk agreements are implemented
The countries of the European Union "would be happy" to lift sanctions imposed on Russia once they have reached the full implementation of the Minsk Agreements, but at the moment it cannot be done, said the head of EU diplomacy, Federica Mogherini, during her visit to the United States.
"We would be happy to lift sanctions against Russia if the Minsk Agreements were fully implemented," she said, speaking at an event at the Carnegie Institute in Washington.
On the topic of US-Russia relations, …
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All Ukrainian banks owned by Russia put up for sale
During a broadcast on the Inter TV channel, Acting Deputy Governor of the National Bank of Ukraine Kateryna Rozhkova reported that all the banks with state-owned Russian capital in Ukraine have been put up for sale.
"We know for certain that all banks with state-owned Russian capital that are currently operating in Ukraine are negotiating a potential sale. As a regulator of the banking market, we believe that this is the best way to leave the Ukrainian market, as in today’s conditions it is …
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US officials: Washington knows where Putin’s assets are but freezing them will bring havoc to the world markets
The U.S. Senate Banking Committee has tried to assess the effectiveness of sanctions against Russia, reports Voice of America.
During the hearings, Senator Mike Crapo, the head of the committee, recalled that the U.S. Treasury sanctions list includes 520 Russian enterprises, commercial companies and individuals that are involved in aggression against Ukraine, human rights violations, and cyber-attacks against the United States and Western European countries.
According to expert estimates, the …
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Russia allows those under sanctions not to pay taxes
The State Duma of the Russian Federation has approved on second reading an amendment to the Tax Code on the right of individuals not to be recognized as tax residents of Russia, if they are residents of a foreign country and are under sanctions.
The adopted document proposes that if during a tax period a sanction of a foreign state was in effect against an individual, he may not be recognized in that tax period as a tax resident of Russia, if he has residency in a foreign country. To do this, …
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Canada says that sanctions against Russia must be maintained
Canada strongly condemns the “illegal annexation” of Crimea by Russia and stresses the importance of maintaining international pressure on Moscow and keeping sanctions in place “until Russian respects international law and Ukraine’s sovereignty.” This was stated by Chrystia Freeland, Canada’s Minister of Foreign Affairs.
“Today is the three year anniversary of the illegal annexation of Crimea. We strongly condemn the violation of the sovereignty and territorial integrity of Ukraine…Canada …
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US State Department announces preservation of sanctions against Russia over the Crimea
The U.S. considers the Russian government guilty of violations of the rights of the inhabitants of the Crimea. Such a statement was made Thursday by official State Department spokesman Mark Toner. He also stressed that Washington still does not recognize the results of the referendum in the Crimea on March 16, 2014, as well as Russia’s “attempted annexation of Crimea and continued violation of international law."
“Russia…staged an illegitimate referendum in which residents of the Crimea were …
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Ukraine introduces sanctions against Russian banks
On March 16 Ukrainian President Petro Poroshenko enacted the decision of the National Security and Defense Council (NSDC) of Ukraine to adopt sanctions with respect to a number of legal entities. Ukraine will soon adopt sanctions for a year on five banks with Russian capital: Sberbank, VS Bank, Prominvestbank, VTB Bank, and BM Bank. The goal of the sanctions is to prevent them from withdrawing this capital from Ukraine in favor of entities related to them.
The media outlet 24tv.ua reports that …
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Head of Rostec: Despite sanctions against Russia, Americans buy Kalashnikov assault rifles
The U.S. continues to buy Russian Kalashnikov assault rifles despite sanctions against the Russian Federation, said Sergey Chemezov, head of Rostec State Corporation.
"Practically all countries buy [these weapons]. Even the Americans, while they do not buy directly, but nevertheless, they are happy to acquire these weapons for the Armed Forces based in Afghanistan," Chemezov said during the program "V Rabochiy Polden” (In the Working Noon) on Russia 24 TV channel.
According to Chemezov, the U. …