Contents tagged with Sanctions
The British company Finastra, which produces software that allows banks to access SWIFT (Society for World Interbank Financial Telecommunication) system, discovered that one of its clients was the Russian National Commercial Bank (RNCB) operating in the Crimea and decided to stop this cooperation.
According to Russian Vedomosti newspaper, the bank can switch to another interface for accessing SWIFT, but if it does not manage to do this before August 31 when the license for the Finastra …
The Russian Foreign Ministry is preparing to take countermeasures after the U.S. Department of the Treasury added four Russian citizens to the North Korea sanctions list, stated Deputy Foreign Minister Sergei Ryabkov, as reported by the press service of the ministry.
"The trend that had been set by the Barack Obama administration for a consistent undermining of bilateral relations has resumed. This is already the fourth such excess since the arrival of a new team into the White House. The …
The US has added four Russians and one Russian company to the North Korea sanction list, the Ministry of Finance website announced on Tuesday, August 22.
Russian citizens Irina Huish, Ruben Kirakosyan, Mikhail Pisklin and Andrey Serbin were placed under sanctions. The list also includes Russian company Gefest-M, which the US treasury claims is connected to the Korean Tangun Trading Corporation. As mentioned on the US treasury website, Ruben Kirakosyan is connected to Gefest-M.
In addition, …
In the Kharkiv region, the Security Service officers exposed the supply channel of repaired units and equipment for military transport aviation to Russia, as reported by the press service of the SBU (Security Service of Ukraine) on Facebook.
"Law enforcement officers established that a group of businessmen were using account details of economic entities under their control in Ukraine and the Russian Federation. They registered orders under legitimate Russian business entities, including those …
The Moscow Arbitration Court refused to seize the Siemens-produced turbines which were shipped to annexed Crimea in circumvention of sanctions, the Dozhd TV channel reported with reference to a court file.
Furthermore, the court refused to prohibit the mounting of these turbines. Their seizure was specified as a security measure in the lawsuit.
The consideration of Siemens’ case against the corporate structures of Rostec, who relocated the turbines to the peninsula, has been scheduled for …
Iran shipped components of heavy weapons to Russia despite the UN Security Council sanctions. As Welt am Sonntag (the Sunday edition of Die Welt) reported with reference to sources in western intelligence agencies, the Iranian weaponry came to Russia through Syria.
According to the article, in June two Iranian planes landed at the air base in Khmeimim, Syria, where the Russian aviation forces are based. The planes brought heavy weaponry components for further transportation to Russia. The …
Russia intends to respond to all unfriendly actions of the US, as stated by Russian Foreign Minister Sergei Lavrov following a meeting with US Secretary of State Rex Tillerson in Manila, Russian Foreign Ministry reported.
The representatives of the Russian Federation and the United States discussed the crisis in relations at the meeting. In this regard, Lavrov said that “the US bill on sanctions against Russia had become another link in a chain of steps that are unfriendly and dangerous to …
The Crimean Human Rights Group considers the case against Vododymyr Balukh to be fabricated, and has demanded that FSB officers and all those involved in the case to be included in sanctions lists.
A representative of the organization, Volodymyr Chekrygin, stated this during an interview with Radio Liberty.
"And now, I would like to note that in the case of Volodymyr Balukh, we insist that all persons involved in the case are included in the sanctions lists; all, not only the FSB and court …
Moldovan President Igor Dodon promised during a meeting with Russian Deputy Prime Minister Dmitry Rogozin to support a strategic dialogue between the two countries. At the same time, Dodon appealed to Moscow with a request to refrain from sanctions after Rogozin was declared persona non grata in Moldova.
The meeting between Dodon and Rogozin took place in Tehran. Initially, it was planned to be held in Chisinau on July 28, but Romania did not permit the plane carrying the Russian official …
Business owners in Germany are concerned about the possible consequences of the new US sanctions against Russia. If German companies lost their chance to participate in Russian gas pipelines expansion projects, the entire German economy could be at risk, says Volker Treier, the head of the Department for Foreign Economic Affairs of the Federal Association of Chambers of Commerce and Industry of Germany, as quoted by DW.
According to Treier, Germany expects to increase the country’s exports to …