Contents tagged with Sanctions
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Sanctions on Russia cost the west $60 billion
Almost 40 Western countries that supported sanctions against Russia in the last year and a half lost slightly more than $60 billion in profit, French experts calculated. This conclusion was made by experts from the French Research Center on International Economics (CEPII). The report, which was presented on Wednesday, July 6, covers the period from December 2013 to June 2015.
As noted in the study, the main losses (82.2%) did not happen because of the products that came under the ban as a …
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British Defense Committee seeks to add more Russian officials to sanctions list
The restrictive measures imposed “against Moscow have had very minimal effect on the military policy of Moscow” the British MPs believe.
The Defense Committee of the British Parliament urged its government to put more Russian government officials on the sanctions list. This was stated in the Committee's report, published on Tuesday, July 5.
The reports points out that the restrictive measure have had “minimal influence on the military polices of Russia”.
The document recommends facilitating …
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EU extends sanctions against Russia
On July 1, the European Union extendes sanctions against the Russian Federation until January 2017. This was reported by Radio Svoboda correspondent Rikard Jozwiak on Twitter.
"The EU has prolonged its economic sanctions on Russia to 31 Jan 2017.The decision will be published in the EU official journal on Sat.," Jozwiak wrote on Twitter.
The European Union imposes sanctions against Russian as a result of Russian’s involvement in the crisis in eastern Ukraine and the annexation of the Crimea. …
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The US stated that Brexit will not affect sanctions on Russia
White House Deputy Press Secretary Eric Schultz stated that the UK's decision to leave the European Union is unlikely to affect the sanctions policy of the West against Russia. According to him, Washington will start work on the extension of restrictive measures soon.
“Since the Ukrainian crisis, the USA, EU and the remaining G7 have cooperated closely on the issue of sanctions that have already affected the Russian economy … Obviously, US representatives will start working on this issue in …
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Merkel: Sanctions against Russia will be extended because of failure to implement Minsk Agreements
German Chancellor Angela Merkel stated at a briefing on the results of European Council meeting in Brussels that the extension of sanctions against Russia is connected with the implementation of Minsk Agreements, RIA Novosti reported.
“Both the President of France, François Hollande, and I reported once again on the degree of the implementation of the Minsk Agreements. We pointed out that the extension of sanctions is unfortunately necessary in connection with the level of implementation. That …
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Italian Parliament rejects resolution which called for lifting sanctions on Russia
On Monday, June 27, the Chamber of the Deputies (Camera dei Deputati) of the Italian Parliament rejected a resolution to lift sanctions against the Russian Federation. The proposal which called on the Italian government to lift the sanctions against Russia was submitted by the opposition parties , Five Start Movement (Movimento 5 Stelle) and the North League (Lega Nord), as reported by the Russian RIA Novosti news agency.
The Italian deputies rejected the resolution that called on the …
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Media: Italy may delay the extension of sanctions against the Russian Federation
Italy may delay the extension of sanctions against Russia, which had been previously approved by EU ambassadors, wrote Brussels Radio Liberty correspondent Rikard Jozwiak, on Twitter.
According to him, the reason for the delay is Italy’s desire to include a clause allowing the relationship with Russia to be reconsidered later this year into the EU ruling on continued sanctions.
It should be noted that earlier, Wall Street Journal reporter Laurence Norman also wrote about the possibility that …
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Media: Three EU countries are hindering the extension of sanctions against Russia
The European Union is ready to approve the extension of economic sanctions against Russia, but this process is hindered by France, Sweden, and the UK, which haven't yet agreed on this issue in their National Parliaments, Ukrinform reported with reference to a high-ranking EU diplomat.
“This week, Ambassadors approved political decision to extend sanctions against Russia for subsequent years. The EU, presided by the Netherlands, seeks to complete this process on Friday at a meeting of the EU …
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EU agreed to extend sanctions against Russia
The committee of the Permanent Representative of the EU countries (COREPER) have approved the renewal of the sanctions against Russia for another six month.
The sanctions may be be reviewed in the future depending on the implementation of the Minsk agreements, reported the Ukrainian Interfax news agency, citing a EU diplomat in Brussels.
The decision of the COREPER now has to be approved by the EU council.
On June 16th, the President of the European Council, Donald Tusk, said that the …
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U.S Senate Committee on Foreign Relations calls on Europe to extend sanctions against Russia
The U.S. Senate Committee on Foreign Relations addressed the President of the European Council with a call on the EC to extend sanctions against Russia because of its military aggression in Ukraine. The Committee’s leadership office circulated the text of the document on Monday, Ukrinform reported.
“We write to call on the European Council to extend sanctions of EU against Russia this month. According to the SMM OSCE reports, at least 112 Ukrainian servicemen were killed and more than 700 were …