• 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 …

  • Renovation of Admiral Kuznetsov aircraft carrier will cost Russia more than a billion dollars

    Repair and modernization of the only Russian aircraft-carrying cruiser, Admiral Kuznetsov, may cost 65 billion rubles - more than 1.1 billion dollars, as reported by newspaper Izvestia, citing its sources in the Russian Navy and shipbuilding industry.

    According to the publication, the scope of the work and its cost are currently being agreed upon. During the renovation, modern radio electronic equipment and weapons will be installed on the ship, and the main propulsion plant will be restored. …

  • 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, …

  • Media: Separatists from the Donbas complain about Russia’s indifference towards their fate

    The participants of hostilities in the Donbas have complained to the Civic Chamber of the Russian Federation about the indifference of Russian authorities to their fate, as reported in an article in the Russian newspaper, Kommersant, entitled, “Battalions ask for understanding.”

    According to former separatists and Russian mercenaries, the General Prosecutor’s Office of the Russian Federation has extradited them from Russia at the request of their Ukrainian colleagues. Russian Courts deport …

  • 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 …