Contents tagged with Sanctions
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US officials: Washington knows where Putin’s assets are but freezing them will bring havoc to the world markets
The U.S. Senate Banking Committee has tried to assess the effectiveness of sanctions against Russia, reports Voice of America.
During the hearings, Senator Mike Crapo, the head of the committee, recalled that the U.S. Treasury sanctions list includes 520 Russian enterprises, commercial companies and individuals that are involved in aggression against Ukraine, human rights violations, and cyber-attacks against the United States and Western European countries.
According to expert estimates, the …
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Russia allows those under sanctions not to pay taxes
The State Duma of the Russian Federation has approved on second reading an amendment to the Tax Code on the right of individuals not to be recognized as tax residents of Russia, if they are residents of a foreign country and are under sanctions.
The adopted document proposes that if during a tax period a sanction of a foreign state was in effect against an individual, he may not be recognized in that tax period as a tax resident of Russia, if he has residency in a foreign country. To do this, …
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Canada says that sanctions against Russia must be maintained
Canada strongly condemns the “illegal annexation” of Crimea by Russia and stresses the importance of maintaining international pressure on Moscow and keeping sanctions in place “until Russian respects international law and Ukraine’s sovereignty.” This was stated by Chrystia Freeland, Canada’s Minister of Foreign Affairs.
“Today is the three year anniversary of the illegal annexation of Crimea. We strongly condemn the violation of the sovereignty and territorial integrity of Ukraine…Canada …
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US State Department announces preservation of sanctions against Russia over the Crimea
The U.S. considers the Russian government guilty of violations of the rights of the inhabitants of the Crimea. Such a statement was made Thursday by official State Department spokesman Mark Toner. He also stressed that Washington still does not recognize the results of the referendum in the Crimea on March 16, 2014, as well as Russia’s “attempted annexation of Crimea and continued violation of international law."
“Russia…staged an illegitimate referendum in which residents of the Crimea were …
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Ukraine introduces sanctions against Russian banks
On March 16 Ukrainian President Petro Poroshenko enacted the decision of the National Security and Defense Council (NSDC) of Ukraine to adopt sanctions with respect to a number of legal entities. Ukraine will soon adopt sanctions for a year on five banks with Russian capital: Sberbank, VS Bank, Prominvestbank, VTB Bank, and BM Bank. The goal of the sanctions is to prevent them from withdrawing this capital from Ukraine in favor of entities related to them.
The media outlet 24tv.ua reports that …
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Head of Rostec: Despite sanctions against Russia, Americans buy Kalashnikov assault rifles
The U.S. continues to buy Russian Kalashnikov assault rifles despite sanctions against the Russian Federation, said Sergey Chemezov, head of Rostec State Corporation.
"Practically all countries buy [these weapons]. Even the Americans, while they do not buy directly, but nevertheless, they are happy to acquire these weapons for the Armed Forces based in Afghanistan," Chemezov said during the program "V Rabochiy Polden” (In the Working Noon) on Russia 24 TV channel.
According to Chemezov, the U. …
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Head of Rostec: U.S. had to lift sanctions from Russia to purchase spare parts for Mi-17 helicopters
Sergey Chemezov, the General Director of the state corporation Rostec, claimed that the sanctions imposed by the United States on the purchase of Russian weapons do not seriously affect Rosoboronexport's sales volumes.
“We had practically no direct cooperation with the United States. Except for the helicopters that we supplied for the needs of the army of Afghanistan. About 50 Mi-17 transport helicopters were manufactured and delivered. Today, all that’s left is the task of how to repair them, …
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Ukrainian National Security Council to consider imposing sanctions on Russia’s Sberbank
President Petro Poroshenko intends to convene the National Security and Defense Council (NSDC) on March 15 on the issue of possible sanctions against Sberbank.
Minister of Internal Affairs Arsen Avakov spoke about this during an interview with the television channel ZIK.
"As far as I know, the President is gathering the National Security and Defense Council on Wednesday, and I think that this issue will there be included and considered," Avakov said.
The Minister hopes that in this way, the …
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European Parliament was urged to increase pressure on Moscow to end repression in Crimea
On March 13, human rights activists and relatives of Ukrainian prisoners in Russia urged the European Parliament to increase international pressure on Moscow.
“In authoritarian Russia, getting justice is impossible. The only chance for our relatives to return home and put a stop to the increasing political repression in the annexed Crimea is to increase international pressure on Moscow, which deliberately disregards the principles of international law,” the statement said.
Human rights …
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Ukraine and five Eastern European countries ask U.S. not to remove sanctions from Russia
Diplomats from six Eastern European states, including Ukraine, made a plea to U.S. senators to help in the confrontation with Russia.
As noted by Reuters, the Minister of Foreign Affairs of Ukraine, Pavlo Klimkin, as well as the Ambassadors of Poland, Georgia, Latvia, Lithuania, and Estonia came to hearings of the U.S. Senate Committee on Appropriations.
They urged the U.S. not to lift sanctions from Russia in the near future. "Until Russia withdraws from the Ukrainian territory, there should …