USA imposes sanctions against Russian company for illegal transfer of funds to North Korea
On September 13th, the US Treasury Department imposed sanctions against two companies registered in Russia and China using North Korean capital. Both companies are engaged in the field of information technology.
According to US Secretary of the Treasury Steven Mnuchin, Chinese company China Silver Star, established by a North Korean citizen, Jong Song Hwa and its Russia-based sister company Volasys Silver Star, registered in Vladivostok, were engaged in the transfer” of “illicit revenue to …
Gazprom loses appeal in court case with Ukraine's Naftogaz
The Svea Court of Appeal has re-authorized the seizure of Gazprom’s assets in order to collect $2.6 billion in favor of Naftogaz Ukraine.
On Thursday, the Swedish court removed the temporary suspension of the fine enforcement measures, which had been introduced in June at Gazprom’s request, Reuters reports.
The Russian gas company asked to have the original ruling of the Stockholm Arbitration Institute revoked on the basis of external interference in the process. Citing a “world renowned …
Volker: US ready to help Ukraine with weapons due to situation in Azov Sea
US State Department Special Representative for Ukraine Kurt Volker told Deutsche Welle in an interview that Washington is concerned by the situation developing in the Sea of Azov, and is prepared to continue supplying Ukraine with weapons in connection with this.
According to Volker, Russia has drastically increased its military ship presence in the region, and is inspecting the ships passing by “in an aggressive manner”.
“This is another cause for concern. But we have the overall feeling …
Ukraine expects to receive the first tranche of new EU macro-financial assistance before the end of the year
Minister of Foreign Affairs of Ukraine Pavlo Klimkin said that Ukraine could receive the first tranche of new macro-financial assistance from the European Union before the end of this year. However, he said that the funds will be received only if the International Monetary Fund's loan program is renewed.
“Of course, we count on the IMF, but I’m sure that we will successfully finish every necessary negotiation. The international financial institutions always act in strict coordination and the …
Czech authorities do not see reasons to lift sanctions from Russia
The authorities of Czech Republic are convinced that there is not yet a reason to lift anti-Russian sanctions of the EU. The Czech leadership came to this conclusion during consultations regarding the implementation of the course of foreign policy of the country, held on Wednesday, in the presidential residence, reports Ceske Noviny.
During a meeting held at the Prague Castle, all politicians agreed that the reasons, on which anti-Russian sanctions were introduced, still exist. In a joint …