Contents tagged with Sanctions on Russia
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Switzerland freezes bank accounts of Russian oligarch Vekselberg after US sanctions are imposed
Swiss banks have decided to freeze the personal bank accounts of Russian billionaire Viktor Vekselberg due to US sanctions, Forbes Russia reports. The journal cited sources close to Renova group, the Russian businessman’s primary asset.
According to Forbes, approximately one billion Swiss francs (1.01 billion dollars) have been frozen in Vekselberg's Swiss accounts. The oligarch’s lawyers are already trying to appeal this decision and obtain compensation for the freeze, but experts interviewed …
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Putin signs bill on counter-sanctions against US and sets sights on money from China
On Monday, Russian President Vladimir Putin signed a bill on counter-sanctions against the US and other “hostile foreign countries”, which was drafted in response to the blacklisting of billionaires Viktor Vekselberg and Oleg Deripaska, together with all the companies belonging to them.
According to the document uploaded to the legal information portal, the Russian government is given the right to terminate international collaboration with countries which have introduced anti-Russian sanctions, …
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Austria's Vice-Chancellor proposes to end sanctions against Russia
In an interview with Austrian newspaper Oesterreich, the Vice-Chancellor of Austria and the leader of the right-wing Freedom Party of Austria, Heinz-Christian Strache called for an end to the European Union's sanctions against Russia.
"The sanctions have harmed the Austrian economy. It is high time to put an end to these exasperating sanctions and normalize political and economic relations with Russia," Strache said.
Strache's party is a junior coalition partner to Chancellor Sebastian Kurz's …
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Cyprus starts closing bank accounts of Russian nationals
The problems of Russian citizens with accounts in Cypriot banks began after the delegation of the US Office of Foreign Assets Control, the sanction unit of the US Treasury, visited the country in early May, the Fun & Profit telegram channel reported.
Authorized representatives of the US Treasury served an ultimatum demanding the removal of Russian accounts in Cypriot banks, a source from Fun & Profit said, which was confirmed by a source from The Bell news outlet who is familiar with one of …
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India to buy S-400 missile systems from Russia
India and Russia have completed negotiations for the sale of Russian S-400 Triumf missile systems to Indian air forces. The countries are now trying to figure out a way to avoid American sanctions, the Press Trust Of India news agency reports.
The Official Representative of the negotiations stated that the final components of the deal were now finalized. According to the source, Russia and India will announce the deal before the annual meeting of Indian Prime Minister Narendra Modi and Russian …
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Kremlin does not believe UK will place sanctions on Russian sovereign debt
On the sidelines of the St. Petersburg International Economic Forum (SPIEF-2018),Russia’s Deputy Finance Minister Sergey Storchak said that he does not consider it likely that the British government will place sanctions on Russian sovereign debt.
“It is not London’s official position. I don’t see any threat, and I don’t think they will do it,” RIA Novosti cites Storchak as responding when asked whether the threat of London placing sanctions on Russian state debt was real. On May 21, the …
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Ukraine blocks access to additional Russian media outlets
Some Russian and Ukrainian media outlets have been subjected to sanctions of the National Security and Defense Council of Ukraine (NSDC), as stated in the annex to the decision of the NSDC from May 2, 2018, published on the website of the President of Ukraine.
Among the media that fell under sanctions are RIA Novosti Ukraine (Interselect LLC and rian.com.ua), Ekonomicheskie Izvestia (Media Innovation Group LLC, eizvestia.com), and Ukrainian Business Portal (Ukrainian Business Portal LLC, ubp. …
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Russian tycoon Deripaska asks Kremlin for help after falling under US sanctions
Russian tycoon Oleg Deripaska has appealed to the Russian government, requesting it to buy out aluminum from Rusal, which the company cannot sell being cut off from the world's largest trading floors. Interfax reports that Deripaska hopes that the Russian government could buy back the company’s product for the State Reserve. Intrerfax’s sources said that "the government is thinking [about it]."
According to the source, this is not the only support measure that Deripaska, who became rich during …
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Poland ready to tighten sanctions against Russia
The Ministry of Foreign Affairs of Poland expressed their readiness to tighten the sanctions against Moscow if it does not demonstrate effective steps to return the annexed territories to Ukraine.
During the consultations, the heads of treaty and law departments of the Ukrainian and Polish Foreign Ministries discussed the legal consequences of the annexation of the Crimea, the Embassy of Ukraine to Poland stated on Facebook. The Foreign Ministry of Poland confirmed its unchanged position in …
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Ukraine imposes new sanctions against Russia
The National Security and Defense Council of Ukraine (NSDC) released an updated list of personal special economic sanctions and additional restrictive measures against Russia on May 2. These new measures were backed by a Decree of the President released on May 14, which appeared on the President’s website.
The list includes 1,748 individuals and 756 legal entities. One year ago, sanctions targeted 1,228 individuals and 468 legal entities.
During the meeting of the NSDC on May 2, it was …