Contents tagged with Sanctions on Russia

  • Russian Foreign Minister complains to US Secretary of State Pompeo about new sanctions

    On Friday, August 10, Russian Foreign Minister Sergei Lavrov held a telephone conversation with the U.S. Secretary of State Mike Pompeo, in which he expressed his opposition to the new U.S. sanctions against Russia, reported the Russian Foreign Ministry.

    "The Russian side has categorically rejected Washington's announced new sanctions which were announced recently and which are connected to allegedly available information about Russia's involvement in the so-called ‘Skripals case’," the …

  • Russian steel producer EVRAZ states there are no plans to sell assets in the US

    Metallurgical and mining company EVRAZ is not planning on selling its assets in the USA, as they are of strategic interest, reported Interfax referring to the statement made by the president of the company Alexander Frolov.

    “We see an opportunity to further develop rails and large-diameter pipes, delivery of slabs is continuing, even despite the newly imposed tariffs. Therefore, we do not have any immediate plans to sell,” Frolov said.

    EVRAZ North America includes six production sites. They …

  • Russia promises 'mirror response' to new US sanctions

    If the United States imposes sanctions against Russia because of the "Skripal case," Moscow will mirror its response to Washington, said the official representative of the Russian Foreign Ministry Maria Zakharova at the briefing broadcasted on the ministry's Facebook page.

    "This is exclusively about the adequate response measures. Therefore, the response measures will match the sanctions measures against the Russian side, " said Zakharova. She stressed that Moscow always responds to sanctions …

  • US State Department: Russia can avoid sanctions under several conditions

    The US State Department announced that the United States is ready to cancel anti-Russian sanctions due to Skripal's poisoning under several conditions.

    According to the message of Washington, in the next three months, Russia has to assure that it will not use chemical or biological weapons, reported RBC news agency. In addition, Russian authorities shall not obstruct the work of UN inspectors and independent international observers.

    The second package of sanctions stipulates reduction of …

  • Russian banks reluctunt to buy Kremlin bonds

    Russian banks are in no rush to support the government debt market, which foreign investors have recently fled. The largest and systematically most significant banks and other participants in the banking system have been dumping Federal Loan Bonds (OFZs) alongside non-residents, according to a statistic published by the Central Bank of Russia on Wednesday.

    Foreign investors disposed of 370 billion rubles worth of Russian government debt notes after the US placed sanctions on the aluminum …

  • US considers cutting Russia off from dollar system

    The US has decided to help the Russian government attain “victory over the dollar”, a goal proclaimed by Russian President Vladimir Putin in May, finanz.ru writes.

    The bill to expand the sanctions (“Defending American Security from Kremlin Aggression Act of 2018”), put forward by a group of senators from both parties of US Congress, in addition to prohibiting investments in Russian government debt and demanding the return of Crimea to Ukraine, proposes to recognize Russia as a state sponsoring …

  • Ukraine promises Russia severe retribution for Kerch Bridge

    The Ukrainian government is pushing for sanctions to be placed on Russia’s Black Sea ports in response to Russia’s blockade of the Sea of Azov, Ukrainian Minister of Infrastructure Volodymyr Omelyan said in a broadcast of the TV channel 112 Ukraine.

    “We are negotiating with our European and American partners in order to have the corresponding sanctions placed on Russia’s Black Sea ports due to the blockade of the Sea of Azov and the Ukrainian ports in the Sea of Azov,” the minister said.

    He …

  • Media: Russia prepares sanctions against Ukrainian companies and politicians

    The Russian Government is preparing sanctions against Ukraine. Several hundred individuals and entities including big businessmen and politicians will be subject to restrictions, reported the newspaper Kommersant.

    The sanctions will affect “several hundred individuals and about a hundred entities,” including businessmen, politicians and officials. The Russian Federation’s Ministry of Economy, the Ministry of Industry and Trade and the Ministry of Finance will be coordinated in this policy by …

  • US Senate majority leader calls for new anti-Russian sanctions

    US Senate Majority Leader Mitch McConnel has urged two key Senate committees to hold hearings on the possibility of placing new sanctions on Russia in order to prevent the Kremlin’s interference in future US elections, Voice of America reports.

    McConnel has asked the leaders of the foreign relations and banking committees to “facilitate Congress’s efforts to formulate a state-level response to interference by Russia, or any other country, in our elections in 2018”.

    Republican Senator Lindsey …

  • Ukrainian President announces new EU sanctions against six Russians involved in construction of Crimean Bridge

    Ukrainian President Petro Poroshenko stated on his Facebook page that following consultations with Kyiv the representatives of the European Union decided to impose individual sanctions against six Russians involved in the Crimean Bridge construction.

    According to him, “the ambassadors of the EU member states have decided to impose individual sanctions against six people involved in the illegal construction of the Kerch Bridge.” The decision was made at the Ukraine-EU summit.

    As emphasized by …