The EU is working to deploy new sanctions against the Russian shadow fleet by the end of the year; current restrictions affect less than 50% of Russian oil exports. According to Bloomberg, the sanctions package, which the EU plans to approve by the end of the year, will also include sanctions against those involved in this trade. Member states are still negotiati... #AgroRussia #RussianLNG #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The European Parliament will adopt a resolution on the struggle with the Russian shadow fleet. This week, the European Parliament is preparing to adopt a resolution calling for more “targeted” measures against the Russian Federation’s shadow fleet. Russia’s continued eva... #EnvironmentalPollution #EuropeanParliament #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The West is changing its position toward confiscation of frozen Russian assets. “If earlier the West spoke very cautiously about the possibility of using these assets, now we hear the statements of the G7 that these assets will remain immobilized. This is a ‘break in ... #AndriiPyshnyi #G7 #LoanForUkraine #nbu #RussianAssetsArrested #SanctionsAgainstRussia
The US wants additional guarantees regarding its share of the G7’s loan to Ukraine. The US wants to receive an additional premium on its share of Ukraine’s €45B loan to compensate for the sanctions-related risks that this agreement carries, wrote Politico. The premium being neg... #G7 #HungaryVeto #LoansForUkraine #RussianAssetsArrested #RussianAssetsProfits #SanctionsAgainstRussia
Russia’s upcoming financial crisis may provide a chance to end the war. The Foundation for Defense of Democracies notes that the Kremlin plans to spend $145B of its total $436B state budget on defense in 2025. This is more than 6.3% of Russia’s GDP, and the country’... #DefenseSpendingRussia #Kremlin #RussiaBudget #RussianEconomy #SanctionsAgainstRussia
Moscow still has dangerous combat forces that will enable it to engage in war, and oil revenue will be enough to finance aggression for several years. The commander of NATO forces in Europe, American General Christopher Cavoli, said that Russia has suffered significant losses in Ukraine but still has “dangerous fighting forces” that are ... #ChristopherCavoli #DefenseSpendingRussia #MilitarySpending #SanctionsAgainstRussia #WarinUkraine
The EU cannot eliminate its Russian dependence; purchases of metal products and LNG are increasing. The results of January-August 2024 show that the EU imported 3.9 million tons of metallurgical products of Russian origin. Analysts note that import costs reached €1.87B, and predict that by the end o... #MetallurgyRussia #Russiaexport #RussianEconomy #RussianLNG #RussiaProfits #SanctionsAgainstRussia
The EU is waiting for the US presidential election and the end of Hungary’s presidency before discussing new Russian sanctions and reassessing Ukraine’s Victory Plan. In January, EU countries plan to resume discussions about new restrictions designed to damage the Russian economy. That is when Hungary, Moscow’s closest ally in the EU, will complete its six-mo... #EUCouncil #Hungary #Poland #SanctionsAgainstRussia #USelections #VictoryPlan
Will the FATF decision destroy the aggressor country’s economy? The Financial Action Task Force (FATF) will decide on October 22 whether to add Russia to its blacklist. Publicly, the FATF has stated that it considers Russia’s aggression unacceptable, but in ... #FATF #RussianEconomy #RussianTrade #SanctionsAgainstRussia
Despite sanctions, the volume of Russia’s shadow fleet has increased by 70% in one year. According to KSE analyses, Moscow has increased the volume of its shadow fleet of oil tankers by almost 70% despite restrictions targeting insurers and shipping companies. The volume of Russian oil tr... #OilTankers #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
An ex-Russian government leader calls for increased support for Ukraine and suggests a way to leave Moscow without enough resources to continue the war. A drop in oil prices to $40 per barrel within a year would lead to Russia lacking funds to wage its war against Ukraine, said former Russian Prime Minister Mykhailo Kasyanov at the Warsaw Security For... #MykhailoKasyanov #RussianEconomy #RussianOil #RussiaProfits #SanctionsAgainstRussia #WarinUkraine #WarsawSecurityForum
Experts have proposed a strategy to reduce Russian gas revenues. Since the start of the full-scale war, Russia has generated almost €800B from the sale of energy resources, of which €33B has been paid by EU countries for Russian LNG. The Center for Economic Strateg... #RussianGas #RussianLNG #RussiaProfits #SanctionsAgainstRussia #WTO
Russia’s oil revenue faces further decline as Saudi Arabia plans to increase its oil production while Europe focuses on sanctions against Russian LNG. Saudi Arabia is ready to abandon its unofficial price target of $100 per barrel of oil as it prepares to increase production and protect market share, writes the FT. From December, Saudi Arabia will i... #Belgium #GreatBritain #Netherlands #Oilmining #RussianLNG #RussianOil #SanctionsAgainstRussia #SaudiArabia
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
Ukraine’s allies introduce new sanctions in response to Russia’s acquisition of Iranian missiles. Iran’s military support for Russia, including the recent delivery of Fath-360 ballistic missiles, has led the US to impose sanctions on ten individuals and six entities, located in Iran and Russ... #IranAir #IranianWeapons #IranSanctions #Sanctions #SanctionsAgainstRussia #WarinUkraine #WhiteHouse
Despite circumventing sanctions and increasing its oil sales, Russia has failed to increase profits. Russia, due to the introduction of a complex of sanctions targeting trading companies and the shadow tanker fleet, and despite an increase in sales by 15-20%, cannot increase the profits generated fro... #OilTankers #RussianOil #RussiaProfits #SanctionsAgainstRussia #ShadowFleetRussia
The prolonged invasion has started to significantly impact the Russian economy negatively. According to Bloomberg, Russia’s overheated economy may begin to cool, based on Russian government statistics. While Russia’s GDP jumped more than 4% year-on-year in the second quarter, gr... #DefenseIndustryRussia #EmployeeDeficit #GDPrussia #InflationRussia #RussianEconomy #SanctionsAgainstRussia
Because of sanctions, Russia and China are returning to barter exchange of goods for the first time in 30 years. Russia and China are discussing barter trade agreements that will help bypass the US-controlled SWIFT international banking system and limit currency risks; the first such transaction could take place... #BarterAgreements #China #RussianTrade #SanctionsAgainstRussia #SWIFT
Ukraine has a plan to resolve the oil transit issue with Slovakia. Ukraine will guarantee the transit of oil from companies that are not subject to sanctions and is ready to settle the transit issue with Slovakia in accordance with the Association Agreement with the ... #DruzhbaPipeline #Hungary #LukOil #OilTransit #PeterSijarto #RussianOil #SanctionsAgainstRussia #Slovakia
Lukoil is increasing its oil exports by sea due to the ceasing of transit through Ukrainian territory, and Hungary accuses Ukraine of blackmail. The largest Russian private oil company, Lukoil, has increased oil exports through the country’s seaports, as supplies through the Druzhba pipeline to Slovakia and Hungary are currently suspende... #DruzhbaPipeline #GazpromNeft #Hungary #LukOil #OilTransit #Rosneft #SanctionsAgainstRussia
Sanctions are slowly destroying Russian businesses with payment issues. New US restrictions imposed in June have put local banks in countries that trade with Russia at a higher risk of so-called secondary penalties, which is delaying or disrupting payments to and from cou... #China #RussianBusiness #SanctionsAgainstRussia #SecondarySanctions #Turkey
The EU is preparing indefinite sanctions to be placed on Russian assets to enable Ukraine’s $50B loan as part of the G7 initiative. EU countries are discussing options for extending the period between reviews of the sanctions on the Russian central bank’s assets to ensure the operation of the G7 plan to provide Ukraine with ... #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #SanctionsAgainstRussia
The EU will adjust sanctions to ensure the earnings from frozen Russian assets are not interrupted. The EU has presented member states with two options to freeze Russian Central Bank assets for extended periods. It seeks to assuage US concerns over a G7 plan to leverage the profits from these assets... #G7 #LoanForUkraine #RussianAssetsArrested #RussianAssetsProfits #RussianCentralBank #SanctionsAgainstRussia #SupportUkraine
Europe will increase pressure on the Russian shadow fleet, but Moscow is preparing for restrictions on LNG. 44 European countries have agreed on the introduction of measures against the Russian Federation’s so-called shadow fleet, which is used to circumvent international restrictions. The joint ̶... #LNG #OilTankers #RussianLNG #SanctionsAgainstRussia #ShadowFleetRussia
Slovakia threatens to suspend the supply of petroleum products to Ukraine over sanctions against Russian Lukoil. Slovak Prime Minister Robert Fico spoke over the telephone with his Ukrainian counterpart Denys Shmyhal, during which he criticized the inclusion of the Russian company Lukoil, whose oil is also used ... #DenysShmyhal #LukOil #MOL #RobertFico #SanctionsAgainstRussia #Slovnaft
Trump plans to ease sanctions against Russia, and Orban calls on the EU to restore relations with Russia and to prepare for the suspension of US aid to Ukraine. US presidential candidate Donald Trump considers easing sanctions against Russia as one of the components of his plan to end the war in Ukraine. “With sanctions, we push everyone away from us. T... #DonaldTrump #PeaceInUkraine #RussianUkrainianNegotiations #SanctionsAgainstRussia #VictorOrban #WarinUkraine
One more Russian industry has problems with exports due to the strengthening of American sanctions and the mass blocking of bank payments. Thus, Russian metallurgists faced a sharp drop following coal companies, which lost 17% of exports in January-June. According to Russian Railways, the export of metals by rail decreased by 14% compare... #MetallurgyRussia #PaymentsBlocking #Russiaexport #RussianEconomy #SanctionsAgainstRussia
The White House is in no hurry to increase pressure on the Russian shadow fleet due to a possible negative impact on the cost of energy carriers on the eve of the elections. Officials at the US Treasury Department have proposed new restrictions designed to halt a fleet of aging oil tankers that help transport Russian oil in defiance of international sanctions. However, as... #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia #WhiteHouse
Ukraine must continue to target Russian oil refineries in order to weaken the aggressor’s economy. This year, Ukraine has struck at least 20 oil facilities in Russia with its drones. According to analysts, as of the end of March these strikes have reduced the production of light petroleum products ... #AttackOnRussia #OilRefineryRussia #RussianEconomy #RussiaOilRefineryDamages #SanctionsAgainstRussia
The Russian Federation’s economy is still far from a crisis, but if oil prices fall significantly, it will begin. This opinion was expressed by the Vice President of the Kyiv School of Economics, Elina Rybakova, who added that the Russian economy is overheated, but it is difficult to achieve a crisis if the West ... #OilEmbargo #RussianEconomy #RussianOil #RussianOilPriceLimit #SanctionsAgainstRussia #ShadowFleetRussia
Another dependence on the Russian Federation appeared in the EU, which threatens food security. A flow of cheap Russian fertilizers could drive European producers out of business, threatening long-term global food security. In particular, 33% of urea imports, the cheapest form of nitrogen fertil... #GlobalFoodSecurity #RussianFertilizers #SanctionsAgainstRussia #SKWpiesteritz #YaraInternational
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 EU’s 14th package of Russian sanctions targets shadow tankers, exports of liquefied gas, and dozens of people who support the war. The EU will introduce restrictions on 20 individuals and 22 legal entities in the latest package of sanctions against Russia. The EU has already issued 13 sanctions packages on Russia following its fu... #Hungary #IndividualSanctions #RussianLNG #RussianOil #SanctionsAgainstRussia #ShadowFleetRussia
The US demands long-term sanctions against the Russian Federation from the EU in exchange for $50B in aid for Ukraine. The US is demanding guarantees from the EU that sanctions against Russia will be maintained in order to implement a loan mechanism that will provide Ukraine with a $50B loan secured by profits from fr... #G7 #LoansForUkraine #RussianAssetsConfiscation #RussianAssetsProfits #SanctionsAgainstRussia #SupportUkraine
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 easing of EU sanctions on Russian metal will provide Putin with €1.5B for weapons. Despite numerous sanctions, the Russian economy is developing and growing (2.2% last year), and the country continues earning billions in the European market. Therefore, said Aaron Pluto, a strategic ... #AaronPluto #MetallurgyRussia #MetalProductsRussia #RussianEconomy #RussiaProfits #SanctionsAgainstRussia
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
What does Trump’s peace plan for Ukraine and the Russian Federation envisage? The America First Policy Institute, a pro-Donald Trump organization, has released a book outlining a national security strategy aimed at Trump winning the US presidential election. The book offers som... #DonaldTrump #PeaceInUkraine #RussianUkrainianNegotiations #SanctionsAgainstRussia #UkraineNATO #WarinUkraine
The EU will introduce sanctions against Russia’s LNG, hitting Moscow and its Asian partners. In the next package of sanctions against Russia, the EU seeks to ban the use of its ports for the re-export of liquefied natural gas. As Bloomberg points out, although blocking access will not prevent... #EUsanctions #LNG #RussianGas #RussianLNG #SanctionsAgainstRussia
Ukraine’s strikes on Russian refineries have proved more effective than Western sanctions. Ukrainian strikes on Russian oil refineries are now doing what the Western sanctions regime has failed to achieve. Foreign affairs analysts state that one of the world’s largest oil producers is... #AttackOnRussia #OilRefineryRussia #RussianOil #RussiaOilRefineryDamages #SanctionsAgainstRussia #WarinUkraine
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
The Russian gas monopolist has recorded a loss for the first time in a quarter of a century due to the loss of the European market. The export of petroleum products from the Russian Federation has fallen to a two-year low. Due to a sharp reduction in supplies to Europe in 2023, the Gazprom corporation lost ₽629B ($6.8B). According... #Gazprom #OilRefineryRussia #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
The US has imposed sanctions against almost 300 Russian and foreign companies and private individuals for supporting the Russian war against Ukraine. The list of Chinese companies, particularly, included Hong Kong’s Finder Technology Ltd, which exported 293 batches of parts for drones and electronics. Among the companies from the Russian Fede... #BryanskAutomobilePlant #ChineseCompanies #DefenseIndustryRussia #DualUseGoods #ProtonPlant #SanctionsAgainstRussia
The US is considering a ban on Russian uranium but has temporarily allowed settlements in the energy sector with Russian banks. The Biden administration is considering banning the import of enriched uranium from Russia. Bloomberg writes that negotiations are ongoing, but no decisions have been made yet. Data from the US Depart... #G7 #RussianEnergyResources #RussianTrade #RussianUranium #SanctionsAgainstRussia
Ukrainian metallurgists call for an end to the import of Russian iron and replacing it with Ukrainian and EU goods. The National Association of Extractive Industries of Ukraine (NADPU) called on the EU to take active measures to stop importing MMC products from the Russian Federation. It should be noted that the EU... #EUmarket #IronOreExport #MetallurgyRussia #SanctionsAgainstRussia #Ukrainianmetallurgy
How is Russia able to earn billions to fund its war through oil, gas, and metal? Russia’s revenues from the sale of oil and gas in April will almost double compared to the previous year and amount to $14B, thanks to rising prices. According to Reuters, revenues from the sale... #Rosneft #RussiaMilitaryExpenditures #RussianEconomy #RussiaProfits #SanctionsAgainstRussia #WarinUkraine
The US House passed $61B financial aid bill for Ukraine the possibility for confiscation of Russian assets. The bill provides for an appropriation of $60.8B, where defense expenditures are expected to be $49.9B. US President Joe Biden promised to sign the aid bill as soon as it is approved by both Houses of... #JoeBiden #MikeJohnson #RussianAssetsConfiscation #SanctionsAgainstRussia #USaidforUkraine #UScongress #USsupportsUkraine #Zelenskyy
Due to sanctions, Russia struggles to receive billions of dollars in export revenue. The strengthening of American sanctions and the refusal by foreign banks to pay Russian companies have deprived Moscow of billions of dollars in foreign exchange. In March, the Russian Federation earn... #RussianCentralBank #RussianEconomy #RussiaProfits #SanctionsAgainstRussia
