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
The G7 is preparing a strike against the Russian Federation’s shadow fleet. According to the FT, the G7 countries want to solve the issue of manipulation of tanker transponders that are turned off while at sea or do not transmit data about their destination ports. Using these... #G7 #RussianOil #RussianOilEmbargo #SanctionsAgainstRussia #ShadowFleetRussia
The European Commission has proposed a new package of sanctions that will be difficult to implement. On May 5, the European Commission sent proposals to EU member states regarding the 11th package of sanctions against Russia, European Commission spokesman Eric Mamer said. The new package will focus o... #EricMamer #ExportToRussia #SanctionsAgainstRussia
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
Britain officials want an Economic Rammstein to hurt Putin’s war machine. Alicia Kearns, a member of the Parliament of Great Britain from the Conservative Party, points to data published by the chief economist of the Institute of International Finance, Robin Brooks, which i... #AliciaKearns #EconomicRammstein #RussianEconomy #SanctionsAgainstRussia
The G7 countries are discussing a nearly complete embargo on exports to the Russian Federation. A relevant decision can be arrived at during the G7 leaders summit in May in Hiroshima, reported Kyodo. There, discussions will take place regarding measures to expand support for Ukraine and increase... #ExportToRussia #G7Summit #SanctionsAgainstRussia
Ukraine’s allies are discussing an almost complete ban on exports to Russia. According to Bloomberg, G7 officials are debating the idea ahead of the leaders’ May summit in Japan. The new approach will fundamentally change the current sanctions regime – all exports ... #ExportToRussia #G7Summit #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
The G7 is preparing sanctions targeting Russian diamonds, and India is asking for the decision to be reviewed. The G7 countries are considering the introduction of sanctions on diamonds supplied by the Russian diamond mining company Alrosa, sources told The Economic Times of India. It is not yet known in what ... #Alrosa #Russiandiamonds #SanctionsAgainstRussia
Brussels plans to discuss the 11th package of sanctions against Russia. The EU has planned the terms of discussion for the next package of Russian sanctions in connection with the aggression against Ukraine. According to three European diplomats, Brussels is planning a ne... #SanctionsAgainstRussia #UrsulavonderLeyen
A special body will monitor the implementation of EU sanctions against the Russian Federation. The European Commission is preparing to launch a project with nine member states to identify gaps in the sanctions program against Russia and improve coordination between national governments when san... #EuropeanCommission #SanctionsAgainstRussia #SanctionsImplementation
The EU supports the creation of an international mechanism for registering losses in Ukraine, limiting Russian oil prices, and strengthening sanctions. According to the EU summit results, the European Council has supported the creation of an international mechanism that will document the damage caused by Russia during the war in Ukraine. The EU also ... #EuropeanCouncil #RussianAssets #SanctionsAgainstRussia #UkraineRecovery
During the war, the EU provided has €50B in aid to Ukraine. In 2022, the EU adopted more than 200 measures to help the state and people of Ukraine and support member states in overcoming the consequences of the Russian Federation’s war against Ukraine, a... #EUaidforUkraine #SanctionsAgainstRussia #SupportUkraine
The G7 will review the EU’s proposal for a Russian oil price limit of $51.5 per barrel. In March, the Big Seven countries and the EU will review the price threshold for Russian oil set in December. According to Bloomberg, representatives of Poland, Lithuania, and Latvia propose to reduce... #RussianOilEmbargo #RussianOilPriceLimit #SanctionsAgainstRussia
The US is preparing a blow to the Russian Federation’s economy. According to Bloomberg, Treasury and Justice Department officials will focus on efforts to legally liquidate the property of Russian oligarchs, expand financial sanctions for those who facilitate sanc... #KleptoCapture #RussianEconomy #SanctionsAgainstRussia
The EU has no more options for new sanctions against Russia. Therefore, the bloc should focus on financial and military support for Ukraine, EU chief diplomat Josep Borrell said in Stockholm. Over the past year, the EU has approved ten rounds of sanctions again... #JosepBorrell #SanctionsAgainstRussia #WarinUkraine
The EU has officially approved the tenth package of sanctions. More than 120 legal entities and individuals have been sanctioned, including 96 companies that supply dual-purpose materials and equipment to the Russian military-industrial complex. Three more banks ... #EUsanctions #RussianBanksSanctions #SanctionsAgainstRussia
Britain has introduced sanctions against Rosatom and 92 individuals and legal entities. Great Britain expanded its sanction list to include representatives of Rosatom. Britain imposed sanctions against 92 individuals and legal entities in Russia, including managers of Rosatom, as well as... #Rosatom #SanctionsAgainstRussia #UKsanctions
The G7 countries have committed to increasing financial aid to Ukraine to $39B in 2023. In December, the G7 nations pledged $32B in financial support for Ukraine, and now it’s $39B, the G7 finance ministers said in a statement. This commitment gives Ukraine confidence and allows au... #financialaidforUkraine #G7supportUkraine #SanctionsAgainstRussia
The EU nations have nearly agreed on the 10th package of sanctions but are still debating one point. EU ambassadors meeting in Brussels on Thursday have almost reached an agreement on the entire 10th sanctions package against Russia, save for “one element that still needs to be clarified,” an EU dipl... #EUsanctions #SanctionsAgainstRussia
The Ukrainian Parliament has approved sanctions against all Russian financial institutions. According to the Committee on Tax and Customs Policy, Ukraine approved special sectoral economic sanctions for a period of 50 years for all banks registered and located in the Russian Federation. The... #SanctionsAgainstBanks #SanctionsAgainstRussia #UkrainianParliament
The G7 and G20 financial leaders are meeting this week. On February 23, a meeting of finance ministers and heads of central banks from the G7 countries is scheduled in the Indian city of Bengaluru. Financial leaders from the G7: the UK, Canada, France, Ger... #G20Summit #G7meeting #SanctionsAgainstRussia
Poland is deeply disappointed with the 10th package of sanctions. According to the Polish ambassador to the EU, Andrzej Sados, the decision falls below expectations. For example, the draft document has no sanctions for the forced adoption of Ukrainian children. Also... #AndrzejSados #RussianBanks #SanctionsAgainstRussia
Here is what awaits Russia on the anniversary of the invasion of Ukraine. According to the Minister of Foreign Affairs of Ukraine, Dmytro Kuleba, more sanctions and a “clear signal” will be delivered to President Vladimir Putin and the Russian Federation before ... #DmytroKuleba #SanctionsAgainstRussia #WarinUkraine
