Contents tagged with Sanctions

  • Sanctions against Yanukovych's Inner Circle could be Reduced in March

    In March, the list of EU sanctions against Yanukovych's supporters may be significantly reduced. Ukraine has not yet proven the illegality of the funds withdrawn overseas by ex-officials.For almost two years, Ukrainian law enforcement officers have been investigating the economic crimes of ex-President Viktor Yanukovych and his associates. During this time the European Union has levied sanctions against former Ukrainian officials by blocking their accounts in European banks. According to the …

  • Europe Will Not Consider Lifting Sanctions Until Russia Fully Complies With Minsk Agreements

    The issue of lifting the sanctions against Russia will be not considered by the European Union until Russia has fully complied with the Minsk Agreements. The Head of Unit for the Eastern Partnership of the Foreign Service of the European Union, Dirk Schuebel, made this statement in the European Parliament.

    The European diplomat recalled that the EU extended economic sanctions for six months, until July 31st. He clearly stated that the sanctions will be extended until the Minsk Agreements are …

  • Russian Duma Speaker Calls on EU to Impose Sanctions against Ukraine

    The Speaker of the Russian State Duma, Sergey Naryshkin, invited the leading European countries to punish Kiev for their failure to comply with the Minsk Agreements, as reported by the Russian media on Tuesday, January 19th.

    At the opening of the spring session of the State Duma, Naryshkin stated that "the position of France and Germany, presiding over the OSCE this year, will become completely constructive and objective.  The advocates of extending anti-Russian sanctions will realize that …

  • Lithuanian President: Sanctions against Russia will remain in force

    According to Lithuanian President Dalia Grybauskaitė, the Lithuanian people are better than the most European countries at understanding their Russian neighbor.

    In an interview with ICTV, Grybauskaitė stated that most European countries have a certain quality of remoteness in their relationships with the Russian Federation.  "The people of Lithuania in their own skin understand this relationship.  Italy and Greece are too remote.  They never had historical relations with Russia like we have.  …

  • Daniel Fried: Russia is now Taking Sanctions Seriously

    Speaking at American University in Washington on January 15th, the U.S. State Department’s Coordinator for Sanctions, Daniel Fried, stated that the U.S. Government believes that sanctions are an instrument of international policy. According to Fried, economic influences have a greater effect than the use of military force in today’s political climate.

    In recent history, there are examples of both successful and unsuccessful sanctions. For the latter, Fried cites the blockade of Cuba, which, …

  • Russia’s natural resource hegemony continues to decline

    With the lifting of sanctions against Iran and Tehran’s consequent participation in the global oil market, the price for Russia’s main export commodity—energy sources—continues to decline with no end in sight. With the fourth largest reserves in the world, Iran put its oil on the global market on Monday, contributing to oil prices dropping below $28 per barrel.

    What is more, the recent events in the Russian gas supply market exacerbate the situation, as traditional markets for Russian natural …

  • Russia Prepared To Reduce Sanctions Against Turkey To Complete World Cup Projects

    The Kremlin is ready to reduce sanctions against Turkish construction companies in order to complete construction projects for the World Cup Championship that is to be held in the Russian Federation in 2018. The reduction of sanctions can affect about 30 Turkish construction companies. According to Kommersant, the total cost of these works is estimated at 60 billion rubles (approximately $784 million).

    Moreover, developers can be allowed to stay in Russia under the condition that they will …

  • PACE: Russia Awaits New Sanctions

    The powers of the Russian delegation to the Parliamentary Assembly of the Council of Europe (PACE) will continue to be suspended because of the annexation of Crimea and the war in the Donbas region.

    State Duma deputies representing Russia at the Parliamentary Assembly of the Council of Europe (PACE) could receive a cold reception from some of their European colleagues during the opening of the winter session. It will begin its work on January 25th in Strasbourg. According to a source in the …

  • Russia Halts Transit of Ukrainian Goods

    The Russian Federation has imposed customs duties as well as a food embargo against Ukraine in an effort to protect its market from the influx of duty-free supplies entering the Ukraine from the European Union. The Ministry of Economic Development and Trade of Ukraine (MEDTU) reported that Russia has fully halted the transit of Ukrainian goods into its territory as of 4 January 2016.

    “This ban by the Russian Federation is not clear. It is unacceptable and discriminatory in nature. Therefore, …

  • 40 tons of Belgian pears destroyed at Russian border

     Russian Federal Security Bureau (FSB) agents and Roskomnadzor’s employees found two batches of pears at the Troitsk checkpoint in the Chelyabinsk region. The shipment of pears falls under the Presidential Decree issuing retaliatory sanctions, the Rosselkhoznadzor press service reported.

    Fresh pears from Belgium were imported to Russia by two cars from Kazakhstan. Kazakh certificates, indicating Serbia as the country of origin, were attached to them. The total weight of the two batches was 40 …