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Articles with tag "Sanctions"

Aeroflot to Build Jet Engine Repair Plant in 2028 as Sanctions Spark Concerns

The plant would be able to perform up to 70 major engine repairs per year, Aeroflot’s CEO said.

A Fashionable Scheme: The Belarusian Company Bringing Luxury Goods to Russia

The intermediary linked to a businessman close to Belarusian President Alexander Lukashenko reports artificially low prices in customs documents to circumvent...
4 Min read

Samsung Halts Use of Russian Metals for Tech Displays – Kommersant

The move by the South Korean brand reflects growing global caution about the risk of secondary sanctions.
2 Min read

Russia's Largest Shipping Firm Reports $393M Loss in Q1 as West Targets 'Shadow Fleet'

Sovcomflot linked the collapse in revenues to “unprecedented sanctions.”
2 Min read

Bank of Georgia Restricts Luxury Spending for Russian Cardholders

Visa and Mastercard transactions over $300, 300 euros or 300 British pounds are now restricted at “certain” luxury retailers abroad.
1 Min read
opinion Jason Corcoran

Trump-Putin Call Signals Risky Shift Toward Appeasement Through Trade

Russia is a huge market. But with Europe staying the course of sanctions, American countries looking to trade with Russia face enormous risks.
5 Min read

70% of Italian Firms Stayed in Russia Following Ukraine Invasion, Trade Official Says

Companies that stayed “are asking themselves whether it's worth staying or not,” the president of the Italian-Russian Chamber of Commerce said.
2 Min read

U.K. Unveils New Sanctions on Russia After Unprecedented Drone Attack

The fresh sanctions target “entities supporting Russia’s military machine, energy exports and information war,” the British Foreign Office said.
2 Min read

EU Likely to Propose Lowering G7 Price Cap on Russian Oil to $50 Per Barrel

European officials plan to recommend the lower price cap at a meeting of G7 finance ministers in Canada later this week.
2 Min read

Poland Seizes Boeing Aircraft Parts Headed for Russia

Customs officials on the Polish-Belarusian border said they seized five tons of aircraft tires sent by a company in Spain.
1 Min read

EU Approves New Sanctions on Russia Targeting ‘Shadow’ Oil Fleet

Sanctions will also target companies in countries such as Vietnam, Serbia and Turkey that are accused of supplying goods to the Russian military.
2 Min read

Germany Says Russia Has Hours to Abide by Ceasefire or Face Sanctions

"The clock is ticking," a German government spokesperson said at a news conference on Monday.
2 Min read

U.K. Unveils ‘Largest-Ever’ Sanctions Targeting Russian Shadow Fleet

The British government said it was sanctioning up to 100 vessels that have carried more than $24 billion worth of oil since early 2023.
2 Min read

EU Unveils Plan to End All Russian Gas Imports by 2027

EU officials admit that phasing out Russian energy is easier said than done, as some member states are more dependent on imports than others.
3 Min read

Canada Moves to Give Ukraine Stranded Russian Cargo Plane

The Antonov An-124 — the world's largest mass-produced cargo aircraft — has been stranded at Toronto Pearson International Airport for over three years...
2 Min read

McDonald's and Coca-Cola Rule Out Return to Russia

The statements pour cold water on recent media reports and speculation on social media that Western brands were preparing to re-enter the market.
2 Min read

This Belarusian Firm Supplies Western Tech Giants Like Apple – And Russia's Defense Industry

Izovac and its affiliates have supplied some $200 million in equipment to Russian defense contractors since the invasion of Ukraine, according to an investigation...
4 Min read

U.S. Proposed Russian Sanctions Relief as Part of Ukraine Peace Deal – Bloomberg

The reported ceasefire proposal would also freeze the war along current front lines, effectively leaving occupied Ukrainian territory under Russian control...
2 Min read

Estonia Says Russian 'Shadow Fleet' Tanker Can't Sail Without Resolving 40 Deficiencies

Estonian transport authorities said Saturday they won't allow the Kiwala oil tanker to pursue its journey until it has resolved 40 legal and safety issues...
2 Min read

U.K. Jails Russian Ex-Minister in First Sanctions Breach Case

Dmitrii Ovsiannikov was found guilty earlier this week of six counts of sanctions evasion related to his role in Russian-occupied Crimea.
2 Min read
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