Hungary has blocked the approval of a new package of EU sanctions against Russia and China. At a meeting of EU ambassadors on February 14, Hungary was the only country not to support the 13th package of sanctions targeting nearly 200 individuals and entities from Russia, China, and other cou... #EUsanctions #HungaryVeto #JohnSmith #SanctionsAgainstRussia
Russian exports fell almost 30% in a year, and US sanctions have blocked their tanker fleet. According to Reuters, the total volume of Russian exports decreased by 28.3% to $425.1B. The most noticeable drop was in European supplies, which was by 68% to $84.9B. On the other hand, exports to As... #OilEmbargo #Russiaexport #RussianEconomy #RussianOil #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
Brussels is softening the restrictions in the next Russian sanctions package to ensure faster implementation. The EC will not add any new import bans to the 13th package of sanctions against Russia, which is planned to be adopted by the second anniversary of the full-scale Russian invasion of Ukraine. As Reut... #DualUseGoods #EUsanctions #SanctionsAgainstRussia
Sanctions are not an obstacle: Russia exports oil products to the EU through Turkey. Before the full-scale war in Ukraine started, the Turkish Dörtyol oil terminal received Iraqi oil and transferred it to tankers. However, since the first sanctions against Russia began to affect the e... #DörtyolOilTerminal #OilEmbargo #RussianOil #SanctionsAgainstRussia
The EU has extended sanctions against Russia for another six months. The EU Council extended the economic sanctions imposed on the Russian Federation due to its invasion of Ukraine until July 31, 2024. The sanctions cover a wide range of sectoral measures, including re... #EUsanctions #RussianOilEmbargo #RussiawithoutSWIFT #SanctionsAgainstRussia
Sanctions and drones have finally reached the Kremlin’s oil and gas revenues. The Rosneft Tuapse Oil Refinery stopped processing oil and as well as the production of petroleum products following an attack by Ukrainian drones. This is Russia’s only oil refinery on the Black Sea ... #DroneAttacksOnRussia #Rosneft #RussianOil #SanctionsAgainstRussia #TuapseOilRefinery
The EU is preparing a large-scale support package for Ukraine with money and weapons to coincide with the second anniversary of the Russian invasion. According to FT, the long-awaited agreement to allocate €50B to Kyiv over four years, part of which may be paid out as soon as the deal is concluded, has been reached. €5B in annual military aid and t... #EuropeanPeaceFund #RussianAluminum #SanctionsAgainstRussia #SupportUkraine #UkraineFacility
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
The EU is preparing its 13th package of anti-Russian sanctions but keeps buying Russian oil through India. The European Commission will begin negotiations with EU countries on the introduction of the 13th package of sanctions against Russia, which are planned to be adopted by the second anniversary of the ... #LukOil #RussianOil #RussianOilExport #SanctionsAgainstRussia
The Russian Federation’s monopoly in gas export has rolled back 40 years. The export of Russian natural gas is decreasing, and the total volume of supplies to foreign markets in 2023 amounted to 69 billion cubic meters. “If Russia could adapt to Western sanctions with oil e... #DanyloHetmantsev #Gazprom #RussiaGasExport #RussianGas #SanctionsAgainstRussia
The US is introducing new anti-Russian sanctions and cutting off gas supplies from the new Russian project; Switzerland joins the 12th package. Joe Biden signed a decree providing for economic measures against foreign financial institutions involved in supplying sanctioned military goods to Russia. Banks, pension funds, operators of payment s... #ArcticLNG2 #JoeBiden #LNG #Novatek #RussianGas #SanctionsAgainstRussia
The EU will pay compensation to companies whose assets were nationalized by Russia. Russian authorities have confiscated business assets belonging to Western companies that decided to leave the country, leaving them no alternative but to abandon their investment. The leaders of the E... #NationalizationRussia #RussianAssetsArrested #SanctionsAgainstRussia #WesternCompaniesInRussia
Russian gas exporters’ profit decreased by three times, while Turkey saved $2B thanks to Russian oil. According to the results from January – November, Russian gas export turnover fell by three times, the Federal Customs Service of Russia reported. Gas supplies decreased in value by 69%, and in ... #RussianGas #RussianOil #RussiaProfits #SanctionsAgainstRussia
Russian exports to the EU decreased by $70B in the first half of the year. The largest drop was recorded in the hydrocarbons segment, particularly gas, crude oil, and petroleum products, which amounts to about $63B. The situation is worse with semi-finished products made of ... #Russiaexport #Russiandiamonds #RussianGas #RussianTrade #SanctionsAgainstRussia
How are restrictions against Russian oil working one year after implementation? After Russia’s full-scale invasion, the gray fleet has accounted for more than half of Russia’s oil exports for the first time. The gray fleet helped Moscow survive the shock of Western sanction... #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
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 EU has agreed on the 12th package of sanctions against Russia, which will take €5B from the aggressor. On November 15, the head of European diplomacy, Josep Borrell, and the European Commission presented a proposal for the twelfth package of sanctions against Russia. It provides for the introduction of... #JosepBorrell #Russiandiamonds #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
The EU will approve the 12th sanctions package against the Russian Federation on November 15. Work on the 12th package of Russian sanctions is ending, the EU’s high representative for foreign policy, Josep Borrell, said. “This package will contain a larger list (of personal sanctio... #JosepBorrell #Russiandiamonds #RussianOil #SanctionsAgainstRussia
In Kyiv, The President of the European Commission discussed EU expansion, support for Ukraine, and Russian sanctions. President of Ukraine Volodymyr Zelenskyy met with Ursula von der Leyen during her visit to Ukraine. After talks with him, von der Leyen noted that Ukraine has made significant progress on its way to E... #EUexpansion #SanctionsAgainstRussia #UkraineEU #UkraineFacility #UrsulavonderLeyen #Zelenskyy
The Republicans have put forward a list of conditions for further assistance to Ukraine and expect a victory strategy from Biden and Zelenskyy. US Congressman Mike Garcia published a statement with a list of demands for the Biden administration, after which the Republicans will support the continuation of aid to Ukraine. Republicans are deman... #JoeBiden #MikeGarcia #SanctionsAgainstRussia #USsupportsUkraine #VictoryStrategy #WarinUkraine #Zelenskyy
Moscow still receives huge revenues from energy exports, despite restrictions from the West. Russia is still selling its oil at much higher prices than the $60 per barrel mandated by the G7 countries due to strong demand from China and India, Politico writes. It is noted that the West’s... #Oilexport #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
The EU is preparing the 12th package of sanctions against Russia. In October, EU member states will start discussions on a new package of sanctions against Russia, including a ban on diamond trade, writes Bloomberg. The publication’s sources suggest that the E... #RussianAssets #RussianCentralBank #Russiandiamonds #SanctionsAgainstRussia #UkraineReconstruction
Most Europeans support further financial aid to Ukraine and sanctions against Russia. In particular, these positions are supported by 65% and 71% of respondents, respectively. Another 57% believe that the EU should support the purchase and supply of military equipment for Ukraine and t... #financialaidforUkraine #SanctionsAgainstRussia #SociologicalSurvey #SupportUkraine #WarinUkraine
A Belgian bank received more than €1.7B in profit from Russian frozen assets, and Estonia plans to be the first in the EU to confiscate such assets. As reported by Euroclear, the €1.74B in profit was from the first half of 2023. The Belgian bank’s management believes “It is necessary to separate estimated sanctions-related earnings fr... #Euroclear #MargusTsahkna #RussianAssets #RussianAssetsArrested #SanctionsAgainstRussia
Trade volumes in Russia have returned to the pre-war level. As the EP writes, Western sanctions have not caused significant damage to Russian trade. The indicators for exports and imports by the Russian Federation returned to the 2021 level. In 2022, prior to ... #Russiaexport #RussiaImport #RussianEconomy #RussianTrade #SanctionsAgainstRussia
The US wants to send $1B of seized Russian assets to Ukraine. These are assets that the United States has found and seized in other countries over a year and a half, US Deputy Attorney General Lisa Monaco said. “We detained planes in Switzerland and the Mi... #KleptoCapture #LisaMonaco #RussianAssets #RussianAssetsConfiscation #SanctionsAgainstRussia
The US State Department: Russian oil price cap is working effectively. State Department representative Eric van Nostrand said that the $60 per barrel price limit for purchasing Russian oil introduced by the G7 countries and their allies continues to work despite quotatio... #EricVanNostrand #RussianOil #RussianOilPriceLimit #RussianOilSanctions #SanctionsAgainstRussia
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
British companies risk their accounts being closed due to trade with Ukraine. Since part of Ukraine is occupied by the Russians, the British banks HSBC, Santander UK, and others may over-insure and close business accounts, explaining this by the need to comply with sanctions ag... #AndrewGriffith #BateToms #SanctionsAgainstRussia #SantanderUK
Without the EU market, pipeline exports of Russian gas will drop by 62%. Russian business media reported that the export of gas to the European region will fall from 206 billion cubic meters in 2021 to 80 billion cubic meters in 2023. Due to sanctions against Russia and Ga... #GasImports #Gazprom #RussianGas #SanctionsAgainstRussia
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
Yale University has named the companies that are still working in Russia. Yale University professor Jeff Sonnenfeld and his team investigated large companies that are still working in Russia despite their promise to leave the market. Among them were such well-known companie... #JeffSonnenfeld #RussianMarket #SanctionsAgainstRussia #WesternCompaniesInRussia #YaleUniversity
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
A Ukrainian company helped Rosatom build five nuclear power plants abroad. The SBU exposed a large-scale scheme to circumvent anti-Russian sanctions organized by the Kyiv Central Design Bureau of Armature Construction. The company’s general director and two of his subordinat... #KyivCentralDesignBureau #NuclearPower #Rosatom #SanctionsAgainstRussia #SBU
The G7 plans to introduce chemical identification to fight the theft of Ukrainian grain. This proposal was voiced by the Minister of Food and Agriculture of Great Britain, Mark Spencer, at the conference of the International Grain Council in London. He added that Great Britain is leading ... #grainexport #MarkSpencer #SanctionsAgainstRussia #StolenGrain #Ukrainiangrain
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
Ukraine demands a further reduction in the Russian oil price ceiling. According to the Ministry of Economy, last year Russia’s oil and gas exports amounted to $349B, and this year it will receive about $173B following the implementation of the embargo and price ce... #RussianOil #RussianOilEmbargo #RussianOilPriceLimit #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
The EU will ease sanctions to help European companies leave the Russian market. EU countries fear their companies will have to pay taxes introduced by the Russian government to finance the war. Therefore, the 11th package of sanctions against Russia will include special permits f... #EUsanctionsPackage #ForeignCompaniesInRussia #RussianMarket #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
The G7 and the EU will not resume importation of Russian gas supplies to Europe. The Group of Seven (G7) countries and the EU plan to ban the import of Russian gas along routes where Moscow has previously cut supplies, reported Bloomberg. This decision will prevent the resumption ... #DruzhbaPipeline #Gazprom #RussianGas #RussianGasTransit #SanctionsAgainstRussia
The G7 finance ministers have announced $44B in increased support for Ukraine and new sanctions against Russia. It is noted that similar support from the Big Seven allowed approval of the IMF’s four-year program for Ukraine, enabling Ukrainian authorities to ensure the government’s function, continue to ... #G7Summit #IMFprogramm #ReformsinUkraine #SanctionsAgainstRussia
The European Commission has legal grounds to use the assets of the Russian Federation for the reconstruction of Ukraine. According to spokesperson Christian Wiegand, the European Commission has confirmed that it has developed legally acceptable options for the use of Russian assets, both private and state, for Ukraine’s... #ChristianWiegand #RussianAssets #RussianCentralBank #SanctionsAgainstRussia #UkraineReconstruction
Washington and Kyiv emphasize strengthening sanctions due to Russia’s ability to circumvent them. In Japan during a meeting with finance ministers and heads of central banks from the G7 countries, US Treasury Secretary Janet Yellen tried to convince the allies to help strengthen sanctions against ... #G7Summit #JanetYellen #SanctionsAgainstRussia #SerhiyMarchenko
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
