anti-Russian sanctions

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Switzerland joins EU price cap for Russian oil

Switzerland joins EU price cap for Russian oil

The Swiss authorities have joined the price caps for Russian oil and petroleum products set by the European Union, the Federal Council, the Swiss government announced. "The Federal Council today aligned its sanctions regime on …

Swiss bank freezes almost $20bln in Russian assets

Swiss bank freezes almost $20bln in Russian assets

Swiss bank Credit Suisse blocked over $19 billion in Russian money, according to SonntagsZeitung newspaper. By doing so, Credit Suisse alone reportedly froze a third of all declared Russian assets in Switzerland. …

No Russian athletes at 2024 Olympics in Paris?

No Russian athletes at 2024 Olympics in Paris?

A group of 35 countries, including the United States, Germany and Australia, will demand that Russian and Belarusian athletes are banned from the 2024 Olympics, Lithuanian sports minister Jurgita Siugzdiniene said on Friday, deepening the …

Russia expands U.S. sanctions list in tit-for-tat move

Russia expands U.S. sanctions list in tit-for-tat move

Russia permanently bans entry to 77 U.S. nationals implicated in arms supplies to the neo-Nazi regime in Kiev, the Russian Foreign Ministry said. "As retaliation to Washington’s ongoing expansion of the list of Russian …

EU preparing to tighten sanctions against Russia

EU preparing to tighten sanctions against Russia

Europe will tighten sanctions against Russia once again in the near future, German Chancellor Olaf Scholz said on Wednesday ahead of a special EU summit. Diplomatic sources said last month that EU countries were working on a …

UK sanctions more Russian entities and individuals

UK sanctions more Russian entities and individuals

The United Kingdom introduced restrictions against six Russian companies operating in the defense industry, one IT company and eight individuals, the Foreign Office said in its statement released on Wednesday. Sanctions implying the …

Europe shoots itself in the foot trying to ban Russian rubber

Europe shoots itself in the foot trying to ban Russian rubber

European Commission head Ursula von der Leyen promised to introduce a new package sanctions against Russia this month. This would already be the tenth package of anti-Russian sanctions. New sanctions are being imposed almost …

EU’s ban on Russian diesel won’t really stop fuel flows

EU’s ban on Russian diesel won’t really stop fuel flows

For decades, a steady stream of ocean tankers has filed back and forth between a small cluster of ports in northwest Europe and the Baltic Sea. Typically, each would bring about 40 million liters of diesel to help keep Europe’s …

EU plans new Russia sanctions by special op anniversary

EU plans new Russia sanctions by special op anniversary

The European Union plans to slap Russia with fresh sanctions by the anniversary of Moscow’s special military operation, European Commission chief Ursula von der Leyen said on Thursday. “We will introduce with our G7 partners …

Moscow praises Tbilisi's resilience

Moscow praises Tbilisi's resilience

Tbilisi's reaction to Western pressure to join sanctions against Russia is based solely on its national interests, Russian Foreign Minister Sergey Lavrov said in a Thursday interview with TV news anchor Dmitry Kiselyov. According to …

Turkey pressured by U.S. to impose sanctions against Russia

Turkey pressured by U.S. to impose sanctions against Russia

Washington is putting pressure on Ankara to impose sanctions against Russia, Turkish economist Bartu Soral said on Tuesday. "Turkish economy is based not on planned production, but on unplanned trade. In other words, there is …

Global steel market faces another tough year

Global steel market faces another tough year

Last year, the global steel industry faced serious challenges as China's COVID-19 "zero tolerance" policy and the ongoing global energy crisis led to instability in commodity markets. Steel prices seemed to bottom in …