Contents tagged with Sanctions on Russia

  • Russian banks reluctunt to buy Kremlin bonds

    Russian banks are in no rush to support the government debt market, which foreign investors have recently fled. The largest and systematically most significant banks and other participants in the banking system have been dumping Federal Loan Bonds (OFZs) alongside non-residents, according to a statistic published by the Central Bank of Russia on Wednesday.

    Foreign investors disposed of 370 billion rubles worth of Russian government debt notes after the US placed sanctions on the aluminum …

  • US considers cutting Russia off from dollar system

    The US has decided to help the Russian government attain “victory over the dollar”, a goal proclaimed by Russian President Vladimir Putin in May, writes.

    The bill to expand the sanctions (“Defending American Security from Kremlin Aggression Act of 2018”), put forward by a group of senators from both parties of US Congress, in addition to prohibiting investments in Russian government debt and demanding the return of Crimea to Ukraine, proposes to recognize Russia as a state sponsoring …

  • Ukraine promises Russia severe retribution for Kerch Bridge

    The Ukrainian government is pushing for sanctions to be placed on Russia’s Black Sea ports in response to Russia’s blockade of the Sea of Azov, Ukrainian Minister of Infrastructure Volodymyr Omelyan said in a broadcast of the TV channel 112 Ukraine.

    “We are negotiating with our European and American partners in order to have the corresponding sanctions placed on Russia’s Black Sea ports due to the blockade of the Sea of Azov and the Ukrainian ports in the Sea of Azov,” the minister said.

    He …

  • Media: Russia prepares sanctions against Ukrainian companies and politicians

    The Russian Government is preparing sanctions against Ukraine. Several hundred individuals and entities including big businessmen and politicians will be subject to restrictions, reported the newspaper Kommersant.

    The sanctions will affect “several hundred individuals and about a hundred entities,” including businessmen, politicians and officials. The Russian Federation’s Ministry of Economy, the Ministry of Industry and Trade and the Ministry of Finance will be coordinated in this policy by …

  • US Senate majority leader calls for new anti-Russian sanctions

    US Senate Majority Leader Mitch McConnel has urged two key Senate committees to hold hearings on the possibility of placing new sanctions on Russia in order to prevent the Kremlin’s interference in future US elections, Voice of America reports.

    McConnel has asked the leaders of the foreign relations and banking committees to “facilitate Congress’s efforts to formulate a state-level response to interference by Russia, or any other country, in our elections in 2018”.

    Republican Senator Lindsey …

  • Ukrainian President announces new EU sanctions against six Russians involved in construction of Crimean Bridge

    Ukrainian President Petro Poroshenko stated on his Facebook page that following consultations with Kyiv the representatives of the European Union decided to impose individual sanctions against six Russians involved in the Crimean Bridge construction.

    According to him, “the ambassadors of the EU member states have decided to impose individual sanctions against six people involved in the illegal construction of the Kerch Bridge.” The decision was made at the Ukraine-EU summit.

    As emphasized by …

  • EU extends sanctions against Russia ahead of Putin and Trump meeting

    The European Union has extended economic sanctions against Russia for another six months, according to a corresponding decision published on the European Council website.

    Rikard Jozwiak, a Brussels correspondent of Radio Liberty, reported earlier that preparation for this decision was under way.

    “The EU has prolonged its economic sanctions against Russia by six months,” Jozwiak wrote. “The decision will be published in the EU official journal on Monday, a week before the Helsinki meeting …

  • European Commission President: lifting sanctions against Russia until the de-occupation of Donbas is out the question

    European Commission President Jean-Claude Juncker promised that the question of abolishing EU sanctions against the Russian Federation would not be raised until the Minsk Agreements are implemented and the Donbas is de-occupied. Volodymyr Ariev, Chairman of the Ukrainian delegation to the Parliamentary Assembly of the Council of Europe (PACE), relayed Juncker's statement through a Facebook post.

    "The President of the European Commission, Jean-Claude Juncker, promised that the EU would not …

  • American congressmen seek sanctions against Russian oligarch over 'large-scale investments in Crimea'

    Shares of billionaire Vladimir Yevtushenkov's companies were pummeled on the Moscow Stock Exchange on Friday following news from the US that a group of congressmen is seeking sanctions against the businessman, who has already given the State key oil assets and lost 70% of his fortune due to a conflict with Rosneft.

    US Congressmen affiliated with the Republican Party, Mark Walker and Ileana Ros-Lehtinen, argued that the inclusion of Yevtushenkov, as well as his companies AFK Sistema and MTS, in …

  • Ukrainian President imposes sanctions against a number of Russian political parties

    Ukrainian President Petro Poroshenko signed a decree introducing sanctions against several Russian organizations. Decree No. 176/2018, which enacted the decision of the National Security and Defense Council of Ukraine (NSDC), was published on the website of the President. The document came into force on the date of its publication.

    Ukraine’s National Security and Defense Council emphasized that the sanctions were imposed against 30 legal entities and 14 individuals, resulting in an updated …