Contents tagged with Sanctions on Russia
-
Germany promises Russia that sanctions will remain until Crimea is returned
The anti-Russian sanctions will be maintained until the reason they were introduced is eliminated. A statement to this effect was made by German Minister of Economic Affairs and Energy Peter Altmeier in an interview with the German radio station Deutschlandfunk.
He drew attention to the fact that the sanction pressure on Russia was initiated following the Kremlin’s decision to annex the Crimean peninsula.
“After the annexation of Crimea, we Europeans introduced sanctions together with the US. …
-
Russia to introduce 4 year sentence for compliance with anti-Russian sanctions
Russia’s State Duma is moving firmly towards the adoption of a law that will make it a criminal offense to comply with US sanctions in Russia.
As RIA Novosti reported with reference to a source acquainted with the text of the bill, physical entities could face up to four years of prison time for this offense. Fines of up to 600,000 rubles and four years of correctional labor are also possible.
The offense in question involves action (or inaction) to implement sanctions introduced by foreign …
-
American sanctions force Russian tycoon Deripaska to give up 3 private planes
After the introduction of the U.S. package of sanctions, Russian billionaire Oleg Deripaska had to give up three private Gulfstream G550 aircraft, which he had rented from Credit Suisse and Raiffeisen, Reuters reported.
According to Alireza Ittihadieh, director of the company Freestream, which the owners of the planes contracted to sell them, the oligarch had leased them from a private company.
“He’s sanctioned, his companies are sanctioned, he has to return the aircraft. He has to terminate …
-
US places new sanctions on Russia
The US administration has decided to place sanctions on a number of Russian, Iranian, North Korean and Chinese entities, as well as several organizations from Turkey and Saudi Arabia which it considers guilty of violating US legislation on the non-proliferation of weapons of mass destruction. The US Department of State put the relevant notice in the Federal Register on Wednesday.
Among the newly blacklisted entities were the Training Center of Missile Troops in Gatchina, the 18th Central …
-
US Congress proposes imposing sanctions against Russian weapons suppliers
The US Congress has proposed imposing further sanctions on Russian weapons suppliers.
The US House of Representatives of Armed Services Committee made a statement on the possibility of such an initiative on the website for the 2019 US defense budget legislation.
The authors of the bill propose authorizing the US president to impose sanctions on individuals who are supported by Russia's defense industry. In particular, this would impact supplies related to the development or production of …
-
Ukraine prepares sanctions against Russian publishers
Vice Prime Minister of Ukraine Vyacheslav Kyrylenko stated on Twitter that he has asked the Ukrainian authorities to develop sanctions against 12 Russian publishing houses that distribute “anti-Ukrainian” literature.
“In response to the requests of the public and the State Committee for Television and Radio-Broadcasting of Ukraine, I signed a request for authorities to develop sanctions against 12 Russian publishers that systematically distribute book publications with content that is aimed …
-
The US Treasury Department gives investors another month to liquidate assets in sanctioned Russian companies
The US Treasury Department extended the period during which US investors should get rid of shares of Russian companies En+, Rusal and GAZ Group, which are under Washington's sanctions. Investors had until May 7 to do this but the deadline was extended to June 6. They should also wind down contracts with companies on the sanctions list.
On May 1, a new document extended permission to get rid of holdings in AgroHolding Kuban, Basic Element Limited, B-Finance Ltd., JSC EuroSibEnergo, Gazprom …
-
Russian companies under sanctions ask Kremlin for $1.6 billion in aid
The Russian companies suffering from the most recent round of US sanctions have asked the government for roughly 100 billion rubles ($1.6 billion) in assistance, reported Russian Finance Minister Anton Siluanov.
According to him, in one of the ministries a structure will be created that will communicate directly with the enterprises under sanctions, including Rusal and the power stations that service it, and draft proposals for the government on the basis of the received information.
The …
-
German Defense Minister: Russia should be pressured by sanctions until it fulfills promises made at Minsk
Deutsche Welle reports that German Defense Minister Ursula Von der Leyen called for a tougher line against Moscow during an interview with Bild am Sonntag published on Sunday, April 22. "President Putin doesn’t appreciate weakness," she said.
According to the Minister, by means of sanctions it is necessary "to insist on Russia’s fulfillment of the promises made at Minsk" until the situation is mitigated.
Von der Leyen believes that improvements in relations with Russia are hampered by a …
-
Russian oligarchs hire US lobbyists to protect themselves from sanctions
Russian billionaires Alexander Skorobogatko and Alexander Ponomarenko have hired professional lobbyists in the US after they were included in the US Department of Treasury’s “Kremlin list” this past January. A corresponding notice from the lobby firm Qorvis MSLGROUP appeared last week in a special US Senate database.
The services that the company will provide to the Russian businessmen are rather abstract: "business interests [on behalf of Skorobogatko and Ponomarenko] and relations with the …
