Contents tagged with Sanctions on Russia

  • Cyprus starts closing bank accounts of Russian nationals

    The problems of Russian citizens with accounts in Cypriot banks began after the delegation of the US Office of Foreign Assets Control, the sanction unit of the US Treasury, visited the country in early May, the Fun & Profit telegram channel reported.

    Authorized representatives of the US Treasury served an ultimatum demanding the removal of Russian accounts in Cypriot banks, a source from Fun & Profit said, which was confirmed by a source from The Bell news outlet who is familiar with one of …

  • India to buy S-400 missile systems from Russia

    India and Russia have completed negotiations for the sale of Russian S-400 Triumf missile systems to Indian air forces. The countries are now trying to figure out a way to avoid American sanctions, the Press Trust Of India news agency reports.

    The Official Representative of the negotiations stated that the final components of the deal were now finalized. According to the source, Russia and India will announce the deal before the annual meeting of Indian Prime Minister Narendra Modi and Russian …

  • Kremlin does not believe UK will place sanctions on Russian sovereign debt

    On the sidelines of the St. Petersburg International Economic Forum (SPIEF-2018),Russia’s Deputy Finance Minister Sergey Storchak said that he does not consider it likely that the British government will place sanctions on Russian sovereign debt.

    “It is not London’s official position. I don’t see any threat, and I don’t think they will do it,” RIA Novosti cites Storchak as responding when asked whether the threat of London placing sanctions on Russian state debt was real. On May 21, the …

  • Ukraine blocks access to additional Russian media outlets

    Some Russian and Ukrainian media outlets have been subjected to sanctions of the National Security and Defense Council of Ukraine (NSDC), as stated in the annex to the decision of the NSDC from May 2, 2018, published on the website of the President of Ukraine.

     Among the media that fell under sanctions are RIA Novosti Ukraine (Interselect LLC and rian.com.ua), Ekonomicheskie Izvestia (Media Innovation Group LLC, eizvestia.com), and Ukrainian Business Portal (Ukrainian Business Portal LLC, ubp. …

  • Russian tycoon Deripaska asks Kremlin for help after falling under US sanctions

    Russian tycoon Oleg Deripaska has appealed to the Russian government, requesting it to buy out aluminum from Rusal, which the company cannot sell being cut off from the world's largest trading floors. Interfax reports that Deripaska hopes that the Russian government could buy back the company’s product for the State Reserve. Intrerfax’s sources said that "the government is thinking [about it]."

    According to the source, this is not the only support measure that Deripaska, who became rich during …

  • Poland ready to tighten sanctions against Russia

    The Ministry of Foreign Affairs of Poland expressed their readiness to tighten the sanctions against Moscow if it does not demonstrate effective steps to return the annexed territories to Ukraine.  

    During the consultations, the heads of treaty and law departments of the Ukrainian and Polish Foreign Ministries discussed the legal consequences of the annexation of the Crimea, the Embassy of Ukraine to Poland stated on Facebook. The Foreign Ministry of Poland confirmed its unchanged position in …

  • Ukraine imposes new sanctions against Russia

    The National Security and Defense Council of Ukraine (NSDC) released an updated list of personal special economic sanctions and additional restrictive measures against Russia on May 2. These new measures were backed by a Decree of the President released on May 14, which appeared on the President’s website.

    The list includes 1,748 individuals and 756 legal entities. One year ago, sanctions targeted 1,228 individuals and 468 legal entities.

    During the meeting of the NSDC on May 2, it was …

  • Poroshenko and May discuss strengthening sanctions against Russia

    Ukrainian President Petro Poroshenko and British Prime Minister Theresa May recently discussed strengthening sanctions against Russia following the construction of a bridge across the Kerch Strait in annexed Crimea, a Ukrainian press service reports.

    “The Ukrainian President emphasized the necessity of strengthening international pressure on Russia in order to fully implement the Minsk agreements,” the statement reads. “The parties stressed the importance of continuing and strengthening …

  • Russia pays off $1 billion of oligarch Vekselberg’s debt

    The Russian oligarch Viktor Vekselberg, who has recently been placed under sanctions, has paid off his loans to western banks using financial assistance from the government.

    Vekselberg’s Renova Group repaid $1 billion to a consortium of European, Swiss and American banks, including JPMorgan, Credit Suisse, and UBS.

    The loans needed to be repaid in a hurry. The US Treasury Department, which recently blacklisted Vekselberg and all of his companies, demanded that all deals be broken off by June 5 …

  • US preparing new sanctions against Russia for non-compliance with INF missile treaty

    US President Donald Trump instructed Secretary of State Michael Pompeo to prepare additional sanctions against Russia due to Russia’s non-compliance with the Treaty on the Elimination of Intermediate-Range and Shorter-Range Missiles (INF Treaty), as noted in a statement on the White House website.

    According to paragraph C of the US defense budget for fiscal year 2018, the President is obligated to prepare and submit an action plan to Congress dealing with persons responsible for Russia's …