Russian companies find loophole in legislation
Companies linked to sanctioned Russian billionaires are avoiding financial audits by exploiting a loophole in Dutch legislation, Dutch public broadcaster NOS reported. According to the report, these billionaires are using a clause in Dutch law to classify their companies as micro-businesses, which allows them to hide the flow of money and avoid strict reporting requirements, […]
Trump warns BRICS countries of sanctions
US President Donald Trump threatened sanctions against BRICS countries this time. Trump announced that if the BRICS countries create the BRICS currency, ‘100 per cent’ tariffs will be applied to these countries. Stating that he will ask for a commitment from the BRICS countries that they will not create a new BRICS currency or support […]
EU to Russia: Sanctions are coming to media companies
The European Union will include a ban on access to Russian propaganda media services in its 16th sanctions package. Russia under the leadership of Vladimir Putin, who launched an all-out attack and occupation attempt against Ukraine’s territorial integrity and sovereignty, continues to target defenceless civilians, critical infrastructure facilities, health and education institutions. ‘Russian state agency […]
EU plans sanctions on 50 Russian products in upcoming trade restrictions
The European Union has announced plans to impose sanctions on 50 types of Russian products, according to the EU’s Special Representative for Sanctions, David O’Sullivan. Citing the foreign media that during his visit to Astana, O’Sullivan discussed the potential inclusion of various products under 50 trade codes in the next package of sanctions against Russia. […]
Russian Senator Held Stake in SpaceX While He Was Sanctioned
A U.S. trust linked to sanctioned Russian senator and billionaire Suleiman Kerimov held a 1% stake in Elon Musk’s SpaceX before authorities blocked the trust, Bloomberg reported Wednesday, citing anonymous sources familiar with the matter. Delaware-based Heritage Trust reportedly acquired the SpaceX stake in 2017, a year before the Trump administration’s Treasury Department sanctioned Kerimov […]
Tehran says they are ready to sit for talks on removal of sanctions
Tehran is prepared to start sanctions-lifting negotiations if other parties show readiness, Iran’s deputy foreign minister for international and legal affairs said. Kazem Gharibabadi’s remarks follow President Donald Trump’s Monday speech, where he referenced Iran’s oil revenue, potentially hinting at a continuation of a maximum pressure policy in his new term. Speaking to reporters the […]
EU sanctions 3 Russian nationals
Three Russian nationals have been added to the EU sanctions list for alleged “malicious cyber activities” against Estonia, according to an official statement issued on Monday. In a statement, the European Council announced that it has adopted additional restrictive measures against three Russian individuals who were responsible for a series of cyberattacks against Estonia in […]
Hungary Allows Renewal of EU Sanctions Against Russia by Dropping Veto Threat
Hungary dropped its veto threat, allowing the European Union to extend its sanctions against Russia for another six months. This move from Budapest ended a brief political crisis that had been straining relations with Brussels. This development was achieved by introducing a phrase about the “integrity of energy infrastructure” to address Budapest’s concerns during the […]
‘US sanctions will not affect Russian oil’
The comprehensive sanctions imposed by the US on Russia’s oil industry are unlikely to deal a major blow to production as high freight rates and the country’s cheap crude oil favour trade, according to Goldman Sachs. Analysts, including Callum Bruce, wrote in a note dated 24 January that higher rates are encouraging non-sanctioned vessels to […]
EU is taking first steps to ease Syria sanctions
Germany says EU taking 1st steps to ease Syria sanctionsSyrians in the capital Damascus are viewed during their daily lives following the overthrow of the 61-year Baathist regime in their country and the end of the Assad family era, in Damascus, Syria on January 22, 2025. Baerbock announced that EU foreign ministers are initiating the […]