Contents tagged with Sanctions on Russia

  • EU agrees to extend sanctions on Russia by 6 months

    The EU will be extending the individual sanctions on Russian physical entities and organizations by six months.

    “Today EU ambassadors approved the decision to extend the restrictive measures for actions that have threatened the territorial integrity, sovereignty and independence of Ukraine by 6 months, until March 15, 2020,” the press service stated. The Council of Europe added that the extension will be implemented over the next few days.

    “An analysis of the situation has shown that an …

  • Ukraine among top 3 countries in terms of damage inflicted to Russia's economy

    Restrictive measures imposed against Russian products abroad caused a damage of $6.3 billion (expert evaluation) to the Russian economy, according to the report published on the website of the Russian Ministry of Economic Development. 

    It follows from the presentation prepared by the ministry that the European Union took the first place in terms of the number of restrictions imposed on Russian goods. Next come Ukraine, India, Belarus, Turkey and the United States. 

    Nevertheless, the picture …

  • Merkel says sanctions against Russia are necessary

    Germany does not intend to soften sanctions against Russia even though German businesses would like to see the relations with Russia improve, German Chancellor Angela Merkel said in Berlin on Thursday.

    Although the German business circles often call for softening the sanctions, “this is about principles”, Merkel said.

     “There are a number of states around Russia that were not able to develop as they would like to. We cannot shut our eyes to this. We can explain something with sanctions,” she …

  • Putin calls on the US to negotiate with him and lift sanctions

    TASS news agency reports that the Russian President Vladimir Putin during a plenary session of the investment forum "Russia calling !" organized by the VTB Capital group, stated that it is necessary to abandon the policy of unilateral sanctions and look for what Russia and the US can agree on.

    “What advice can be offered here? To abandon this policy [of sanctions] and seek common ground. We are ready for that; we want that. I said this more than once. I hope that, if we can talk with the US …

  • Russia calls on the US to stop expelling diplomats and return diplomatic property

    RIA Novosti reports that Sergey Lavrov, the Russian Foreign Minister said he would like that the US and Russia abandon the mutual expulsions of diplomats.

    According to the Russian foreign minister, he proposed this during his meeting with the US National Security Advisor to the President, John Bolton.

    Lavrov also expressed the desire to resolve the issue of the country’s diplomatic property. According to him, the beginning of the resolution includes mutual permission to visit those buildings “ …

  • Ukraine, Norway, Montenegro and Albania extend sanctions against Russia

    The High Representative of the European Union for Foreign Affairs and Security Policy, Federica Mogherini announced that Ukraine, Montenegro, Albania and Norway have aligned themselves with the European Union's decision to extend sanctions against the Russian Federation. European Union imposed these sanctions due to the violation of the territorial integrity of Ukraine.

    In September, these four countries supported the European Union Council’s decision, which extended the restrictions on Russia …

  • Russia accuses the US of creating false excuses to impose sanctions

    The Russian Ministry of Foreign Affairs accused the US of creating excuses to impose sanctions.

    In response to Washington's charges against a Russian woman accused of interfering in the Congressional midterm elections, the Russian Foreign Ministry said that the US is leading “a shameful slanderous campaign” against Russia, which stems from the desire of some American politicians to gain the upper hand in “interparty brawls”.

    “They use illegible means, including evidently ordered criminal …

  • EU preparing new sanctions against Russia

    On Monday, October 15, the Foreign Affairs Council of the European Union will approve a plan for new sanctions against Russia. This time sanctions will be imposed due to the use of chemical weapons, reported Interfax citing the British Foreign Ministry. According to the document, sanctions were proposed by the UK and France and concern not only Russia but are intended to prevent the criminal use of chemical weapons around the world. Those responsible for the sanctions saw the need for action …

  • Confidence of Russians in a better future reaches all time low

    The pension reform, the depreciation of the ruble, the endless sanction conflict with the West and the government’s plans to raise taxes after a record drop in the population’s real income – all of these factors have undermined Russians’ faith in the country’s prospects.

    At the end of the second quarter, 50% of Russians thought that the country’s worst times were yet to come, according to a report on social well-being by the National Research University Higher School of Economics (HSE).

    In …

  • US extends sanctions against Russian defense industry

    The US Department of Commerce announced on Tuesday that new sanctions were being introduced against Russian companies.

    According to a publication in the Federal Register, 12 new legal entities were blacklisted, meaning that it is prohibited to carry out operations with them, and they are banned from supplying technology.

    The blacklisted entities include two of Rostec’s subsidiaries, the Vector scientific research institute and the Technologiya scientific production company. Washington …