Contents tagged with Sanctions

  • Russia considers introducing criminal liability for companies observing Western sanctions

    The Russian State Duma has drafted a bill denoting criminal liability, punishable by up to four years of imprisonment, for the implementation of sanctions by foreign states, as well as for assistance in establishing anti-Russian sanctions, in the territory of the Russian Federation, Interfax reports.

    "This draft law, which proposes changes to the Criminal Code of the Russian Federation, will be officially introduced to the State Duma on Monday morning; its authors - the speakers for both …

  • Russia to exclude American drugs from the sanctions list

    Interfax reports that the State Duma of Russia is amending the draft bill on counter sanctions to avoid prohibiting the import of drugs from the U.S. that are similar to those which exist in Russia, Ivan Melnikov, the First Deputy Chairman of the State Duma, stated.

    “It is planned to exclude from the draft bill the mention of specific industries and specific goods and services and leave only the measures that can be applied,” Melnikov said.

    In the first reading of the draft bill, it was …

  • US Treasury Department: Reduction in Deripaska’s share in his company not sufficient to exclude it from sanctions list

    "A reduction in the share of ownership [of the company] by a person under sanctions is not necessarily a basis for excluding [the company] from the sanctions list," RBC news agency reports, citing an official US Treasury Department spokesperson.  

    According to the source, OFAC (the Office for Foreign Assets Control, a subdivision of the Treasury Department) "conducts a thorough analysis of the facts and circumstances of each request for exclusion [from the sanctions list) and does not discuss …

  • Kremlin intends to support Russian companies that fell under US sanctions

    At a governmental meeting with his deputies, Russian Prime Minister Dmitry Medvedev called the new sanctions imposed by the U.S. Department of Treasury “unpleasant protectionism” against Russian companies and businessmen, The Insider news outlet reports. “Friday’s sanctions against our country are, no doubt, another manifestation of the protectionist policy only dressed up as sanctions,” Medvedev said.

    The PM stated that Russia considers the new sanctions unacceptable and unlawful, as they go …

  • US Treasury Department confirms that Yekaterina Tikhonova is Putin's daughter

    The United States Department of the Treasury confirmed that Katerina Tikhonova is a daughter of Russian President Vladimir Putin. The information was provided as a part of an explanatory note about Tikhonova’s husband Kirill Shamalov who was included in the new sanctions list.

    "Shamalov married Putin’s daughter, Katerina Tikhonova in February 2013 and his fortunes drastically improved following the marriage. Within 18 months, he acquired a large portion of shares of Sibur, a Russia-based …

  • Russia promises to respond to US sanctions

    Moscow will have a "harsh response," to the US sanctions, as stated by the Russian Foreign Ministry. "There is no pressure that could force Russia to withdraw from the chosen course. They [the sanctions] only   demonstrate the inability of the United States to achieve its goals and are bringing the Russian society closer together. Of course, we will not leave current and any new anti-Russian attack without a harsh response. However, first of all, we would like to advise Washington to get rid …

  • Canada ready to expand sanctions against Russia

    Canada is ready to impose additional sanctions against the Kremlin supporters and increase pressure on Russia if needed, as stated in the response of the Canadian government to the recently published report of the Federal Parliament’s Standing Committee on National Defense, Ukrinform reports.

    "The government of Canada is ready to impose additional sanctions that will be required to maintain pressure on Russia. Canada decides on sanctions in close cooperation with international partners and …

  • Ukrainian Foreign Minister calls for the EU to impose sanctions against Gerhard Schroder

    The Minister of Foreign Affairs of Ukraine, Pavel Klimkin, considers it is necessary to impose sanctions against former German Chancellor, Gerhard Schröder, as he stated to Bild newspaper.

    "It is important to impose sanctions against those involved in promoting Putin’s projects abroad. Gerhard Schröder is the most important lobbyist for Putin in the world. This is why the European Union should evaluate their action in this situation," Deutsche Welle quoted the head of the Ukrainian Ministry of …

  • Trump extends sanctions against Russia for another year

    US President Donald Trump has extended   sanctions against Russia for another year due to its annexation of the Crimea and aggression in Ukraine, the White House website reports.

    "In accordance with section 202(d) of the National Emergencies Act, I am continuing for 1 year the national emergency declared in Executive Order 13660," the statement says.

    The document notes that Russia's actions in Ukraine including the Crimea's annexation and aggression in the Donbas "continue to undermine …

  • Media: Russia's largest energy company will not work in Crimea because of sanctions

     The Russian government finally abandoned plans to include Rosseti in the Krymenergo JSC created in the Crimea, reports Kommersant news outlet, citing an unnamed source familiar with the situation.

    "The creation of the ‘road map’ for the organization of the joint-stock company is now passing the final stage but the reality is Rosseti won’t be there. This is the final decision," the source said.

    Rosseti is Russia's largest operator of power grids. It includes 36 subsidiaries and affiliates. …