The EU is considering the introduction of three sanction packages targeting Russia. The first package, labeled the 17th, will target tankers, nations aiding Russia in bypassing restrictions, and firms in the Russian military-industrial sector. The second package focuses on combating ... #circumventionOfSanctions #JeanNoëlBarrot #SanctionsAgainstRussia #SecondarySanctions #Zelenskyy
The EC has proposed its 17th package of Russian sanctions: Where will the blow land? The European Commission has finalized the preparation of the 17th package of sanctions targeting Russia, proposing restrictions on more than 150 vessels associated with the Russian shadow fleet that i... #China #circumventionOfSanctions #IndividualSanctions #Sakhalin2 #SanctionsAgainstRussia #ShadowFleetRussia
Despite the shadow fleet, Russia is losing revenue from a key source of financing for its war in Ukraine. Russia’s oil export revenues fell by $1.1B to $14.6B in November 2024 due to lower oil prices and export volumes, according to a study by the KSE. In November, Russian crude oil exports by sea fell by... #circumventionOfSanctions #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
The EU approves the 15th package of Russian sanctions that includes Chinese companies. The EU Council has approved the 15th package of sanctions against Russia, which applies to 54 individuals and 30 legal entities. The sanctions include top managers of leading Russian energy companies,... #China #circumventionOfSanctions #JanetYellen #NorthKorea #SanctionsAgainstRussia
The European Parliament calls for an embargo on Russian LNG and sanctions against Gazprom. The European Parliament called on the EU to introduce a full embargo on Russian liquefied natural gas and sanctions against Gazprom and Russian oil companies. The MEPs advocate adding to the sanctions... #circumventionOfSanctions #Gazprom #Novatek #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
The West finances the Russian military by increasing its purchases of fuel derived from Russian oil. In the first half of the year, the EU, the US, Britain, and other countries that support Ukraine bought fuel produced from Russian crude worth about $2B from Turkish refineries. Meanwhile, Turkey bene... #circumventionOfSanctions #FuelImport #OilRefinery #RussianOil #Turkey
The US and EU are pressuring Asia’s largest economies to abandon their support of Russia’s war effort. The US Treasury has warned that Indian banks will be subject to sanctions and will lose access to the US financial system if they cooperate with the Russian defense and industrial complex. “We k... #AnnalenaBaerbock #China #circumventionOfSanctions #DavidLammy #DualUseGoods #India #WangYi
The EC has restricted companies and private investors from exchanging assets with Russians. The European Commission has prohibited individuals and legal entities from EU countries from participating in an asset exchange scheme proposed by Russia. This is in response to the participation of t... #circumventionOfSanctions #EuropeanCommission #ExchangingAssets #ForeignInvestor #RussianAssets
The EU has agreed on the 14th package of sanctions against the Russian Federation, targeting LNG and the shadow tanker fleet. The new measures include a ban on the transshipment of Russian liquefied natural gas and a plan to hold EU operators responsible for sanctions violations by their subsidiaries and partners in third co... #circumventionOfSanctions #RussianLNG #RussiaWarCrimes #SanctionsAgainstRussia #ShadowFleetRussia
The G7 and the EU are working on restrictions for international banks that assist Russia. G7 countries and the EU are studying ways to increase pressure on banks from third countries that help the Russian Federation circumvent sanctions. Currently under discussion are restrictions aimed at... #circumventionOfSanctions #EuropeanBanks #G7 #RussianBanks #SanctionsAgainstRussia #SWIFT
The US Treasury requires European banks to strengthen monitoring of compliance with sanctions against the Russian Federation. Heads of European banks should intensify their efforts to implement measures that are designed to stop Russia’s attempts to circumvent sanctions, US Treasury Secretary Janet Yellen said. She not... #circumventionOfSanctions #EuropeanBanks #JanetYellen #SanctionsAgainstRussia #SecondarySanctions
Turkey helped Russia earn €3.1B from the export of petroleum products to the EU. Last year, Turkey became the world’s largest buyer of Russian oil products, reported CSD and CREA analysts. In their view, Turkey has become a strategic transshipment point for Russian oil produ... #circumventionOfSanctions #OilEmbargo #PetroleumProducts #RussianOil #RussiaProfits #SanctionsAgainstRussia #Turkey
Ukraine’s allies plan to introduce sanctions against banks that help the Russian Federation. France and the Netherlands are pushing for EU sanctions against any bank in the world that helps the Russian military pay for weapons, goods, or technology. The proposal is being discussed as part of ... #circumventionOfSanctions #DualPurposeTechnologies #DualUseGoods #NewSanctions #RaiffeisenbankRussia
Russia continues to find loopholes to circumvent sanctions; Swiss banks came in handy. Some Swiss banks are ready to work with rubles, although in 2023, due to the tightening of service rules, customers of Swiss banks with Russian passports faced the threat of having their accounts bloc... #circumventionOfSanctions #SanctionsAgainstRussia #SwissBanks #Yakovlev
The EU has prepared the 14th sanctions package on the Russian Federation, and LNG trade and the fight to close loopholes are under the spotlight. The European Commission sent the bloc’s countries a draft of the 14th package of sanctions to be levied against the Russian Federation, which targets the trade of liquefied gas. The concept is to ban ... #BanRussianGas #circumventionOfSanctions #LNG #SanctionsAgainstRussia #ShadowFleetRussia
British equipment and machinery worth hundreds of millions of pounds continue to enter Russia. While British exports to Russia have fallen sharply, exports of drones, optical devices, and heavy engineering products to several former Soviet countries, from Uzbekistan to Georgia, have grown unpre... #ArmyEquipmentImport #circumventionOfSanctions #DualUseGoods #ExportToRussia #SanctionsAgainstRussia
Brussels demands that the EU member states work urgently to stop the illegal flow of goods to Russia. In a letter sent to the EU’s capitals, the EC warned there was a need for “immediate, concerted, and decisive action from all of us.” Although the sanctions are agreed upon at the EU level... #circumventionOfSanctions #DualUseGoods #ReExportWeapons #RussianTrade #SanctionsAgainstRussia
The EU is working on its 13th package of sanctions and wants a €5B reform to the military aid fund for Ukraine. The EU has started discussions on a new package of sanctions, which it aims to approve by February 24, the second anniversary of the Russian invasion of Ukraine. Potential measures could include new l... #circumventionOfSanctions #EuropeanPeaceFund #SanctionsAgainstRussia #WeaponsforUkraine
Some EU states want to soften the EC’s proposals for combating the circumvention of sanctions on Russia. The European Commission has proposed banning importers from reselling high-priority goods (such as semiconductors used to make weapons) to Russia and requiring a certain amount on deposit in a designa... #circumventionOfSanctions #ElectronicsExport #RussianTrade #SanctionsAgainstRussia
The West has found a way to combat Russia’s circumvention of the oil price ceiling: Denmark will block tankers, and the US will focus on controlling shipping companies. The EU plans to instruct Denmark to check the availability of Western insurance and possibly block the passage of Russian oil tankers through its waters. This is part of the West’s efforts to reestabl... #circumventionOfSanctions #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia
Russia is successfully bypassing the G7 oil price cap and boosting its export revenues. In August, almost 75% of all seaborne oil shipments from Russia were carried out without Western insurance, compared to about 50% this spring. The rise means Russia is increasingly adapting to circumv... #circumventionOfSanctions #RussianOil #RussianOilExport #RussianOilPriceLimit #SanctionsAgainstRussia
Germany has increased the import of Russian oil through India by 1,100%. As Spiegel writes, against the backdrop of massive anti-Russian sanctions, Germany imports large volumes of Russian oil through India. Germany mainly imports oil from India, which is used to produce d... #circumventionOfSanctions #OilImport #OilIndia #RussianOil #RussianOilSanctions
China supplies Russia with up to 70% of the components for drones. According to the Yermak-McFaul International Working Group, China accounts for 67% of the supply of drone components (17% of them pass through Hong Kong). The shares of Turkey and the UAE are 5% and 2... #circumventionOfSanctions #DronesComponents #McFaulYermak
Sweden is investigating export growth to Russia’s neighboring countries. The Swedish government instructed the country’s Chamber of Commerce to check the reasons for the sharp increase in exports to countries neighboring the Russian Federation. In a statement from th... #circumventionOfSanctions #JohanForssell #SanctionsAgainstRussia #TradewithRussia
A loophole in the oil price ceiling allows the Russian Federation to earn billions. Inflated transportation costs allow Russian companies to make much more from selling crude oil to India than previously recognized. According to the FT, these cost overstatements could bring in more t... #circumventionOfSanctions #RussianOil #RussianOilPriceCeiling
China secretly sold drones to Russia for over $100M. According to Politico, China, despite its calls for peace, has actively increased trade in dual-purpose goods with Russia over the past year, helping Moscow, among other things, import sanctioned West... #ChineseDrones #circumventionOfSanctions #RussiaandCHina #RussiaImport
The EU, the US, and other Ukrainian partners continue to intensify the sanctions pressure on Russia. According to the Council of the EU, the EU has extended its sanctions until January 31, 2024. The restrictions consist of a wide range of sectoral measures, including limitations on trade, finance, te... #circumventionOfSanctions #SanctionsAgainstRussia
The EU has adopted the eleventh package of sanctions against Russia in response to the war against Ukraine. According to the new sanctions package, the EU will expand cooperation with third countries to prevent sanctions circumvention. If the efforts do not achieve the desired result, the European Council m... #circumventionOfSanctions #DruzhbaPipeline #RussianOil #RussianOilSanctions #SanctionsAgainstRussia
Despite sanctions, Russia is buying American sniper rounds and other ammunition from the EU, and electronics used in Russian missiles are produced in the US. As Politico writes, Russian-sanctioned companies Promtechnologiya, which manufactures Orsis T-5000 rifles, and Tetis purchased hundreds of thousands of cartridges manufactured by the American company,... #CartridgesForRussia #circumventionOfSanctions #Hornady #McFaulYermak #SanctionsAgainstRussia
Two EU members continue to block the new package of Russian sanctions. On June 7, EU ambassadors failed to reach a political agreement on introducing the 11th package of sanctions against the Russian Federation; negotiations will continue next week, reported Politico. It... #circumventionOfSanctions #SanctionsAgainstRussia
The new package of EU sanctions will affect 90 companies worldwide, and the G7 has targeted Russian diamonds. The sanctioned companies are ones that help the Russian Federation to circumvent sanctions, said the President of the European Commission, Ursula von der Leyen. Among these 90 companies, approximately... #circumventionOfSanctions #Russiandiamonds #SanctionsAgainstRussia #UrsulavonderLeyen
The G7 countries have introduced new sanctions against Russia. On May 19, the US announced a new large-scale package of sanctions, which includes more than 300 companies, individuals, ships, and aircraft. The purpose of these restrictions is to make it impossible... #circumventionOfSanctions #G7 #SanctionsAgainstRussia
Borrell insists on blocking the import of Indian fuel produced from Russian oil. In an interview with the FT, the EU High Representative for Foreign Policy, Josep Borrell, called such supplies circumventing sanctions, and the EU member states should take measures. Last year India ... #circumventionOfSanctions #IndianFuel #JosepBorrell #RussianOil #SanctionsAgainstRussia
Ursula von der Leyen met with Volodymyr Zelenskyy in Kyiv to discuss new sanctions against the Russian Federation. According to the head of the European Commission, the EU will limit technology export to Russia through other countries. The European Commission also does not rule out sanctions against third countrie... #circumventionOfSanctions #ExportToRussia #OlafScholz #SanctionsAgainstRussia #UrsulavonderLeyen #Zelenskyy
Despite the sanctions, Russia successfully trades its gold, but the EU is preparing to tighten restrictions. Although gold has been sanctioned by the EU and the Big Seven, little-known intermediary companies are finding new buyers in other countries. And now, instead of bulk deliveries to London for storage ... #circumventionOfSanctions #Russiangold #SanctionsAgainstRussia
Several countries continue to help Russia purchase microchips for its weapons. NYT journalists noted that at the end of March, US and EU officials exchanged information about millions of dollars’ worth of prohibited technology that seeps through the cracks in their defense syste... #circumventionOfSanctions #Microchips #SanctionsAgainstRussia
Ukraine calls on the EU to completely abandon trade with the Russian Federation. According to the Minister of Economy of Ukraine, Yulia Svyridenko, trade sanctions against Russia should become a comprehensive trade-blocking mechanism. She stated this during a working lunch on deve... #circumventionOfSanctions #TradewithRussia #YuliyaSvyridenko
Ukraine’s allies are pressuring the emirates to stop supplying electronics to Russia. The US, the UK, and the EU have begun to pressure the United Arab Emirates, demanding that it stop providing Russia with critical electronic goods that it can use to create weapons. As the FT notes, t... #circumventionOfSanctions #ElectronicsExport #Microchips
The US is helping Central Asia to abandon trade with the Russian Federation. During his visit to Kazakhstan, the US Secretary of State, Anthony Blinken, emphasized that the US is closely monitoring Russia’s attempts to circumvent sanctions through Central Asia and expres... #AnthonyBlinken #circumventionOfSanctions #MukhtarTleuberdi
The EU Council has recognized the circumvention of anti-Russian sanctions as a criminal offense. As explained by the EU Council, member states have different definitions of what constitutes a violation of sanctions and what punitive measures should be applied in this case. This may lead to varyin... #circumventionOfSanctions #EUsanctions #SanctionsAgainstRussia
