Source link Thierry Mariani said restrictions against Moscow had backfired on the countries that imposed them Western sanctions against Russia have ended up damaging the nations that imposed them, French European Parliament member Thierry Mariani has told the TVLibertes (TVL) channel. In an interview aired on Saturday, Mariani said sanctions had been intended to “ruin” the […]
Source link Businesses have either found new suppliers in ‘friendly’ foreign markets or at home The majority of Russian companies have adapted to operating under sanctions, business daily Kommersant reported on Tuesday, citing a survey. According to the Russian Union of Industrialists and Entrepreneurs (RSPP), most firms have successfully replaced Western suppliers with domestic manufacturers […]
Source link Real estate purchases in Spain grew by more than 50% in the first half of 2023, according to data Russians have stepped up purchases of real estate in Spain, RBK news outlet reported on Thursday citing data from Spain’s General Council of Notaries (Consejo General del Notariado). According to the report, the number […]
Source link The Slovak foreign minister rejects Brussels’ proposal to add nuclear fuel supplies to the upcoming round of penalties The government of Slovakia will not support restrictions on imports of nuclear fuel from Russia as part of a 12th package of EU sanctions that is currently being discussed by member states, Foreign Minister Juraj […]
Source link Key sectors of the Russian economy have adapted to sanctions or completely recovered from them, as the country shows a greater level of resilience than Western governments had expected, Bloomberg reported on Thursday. Industries ranging from manufacturing and airlines to banking have found ways to adjust to sanctions “aimed at tanking the economy,” […]
Source link Foreign restrictions do not work the way they were intended, President Vladimir Putin’s spokesman said Russia has managed to turn the tables on the West when it comes to sanctions placed on Moscow, the Kremlin said on Saturday, arguing that a myriad of restrictions failed to crash the Russian economy. “The Westerners are […]
Source link Discussion of new measures against Moscow at EU ambassadors’ debate put on hold because of Hungary, RFE/RL reports Talks on the EU’s 12th round of anti-Russia sanctions have stalled over Hungary’s complete objection to the entire package, a journalist at US government-funded outlet RFE/RL (Radio Free Europe/Radio Liberty), Rikard Jozwiak, wrote on Friday. […]
Source link The price limit imposed by the G7 and EU on Russian seaborne oil sales is being ignored, Bloomberg reported on Friday, citing calculations based on budget data from Moscow. According to the Russian Finance Ministry, gross revenues from the three main tax sources of oil money nearly doubled between April and October, reaching […]
Source link The US has dropped trade restrictions against a Chinese institute to win Beijing’s support on halting the flow of fentanyl President Joe Biden’s administration has dropped trade restrictions against the Chinese government’s forensic science institute as part of a push to persuade Beijing to help block the trafficking of fentanyl and its precursor […]
Source link The latest batch of restrictions will include a ban on diamonds and measures strengthening the oil-price cap The European Commission has accepted proposals for a 12th package of sanctions on Russia, RBK news outlet reported on Wednesday, citing an unnamed EU official. The approved draft proposals will now be submitted for consideration to […]
Source link They will include new export bans and restrictions on Russian diamonds, according to the bloc’s foreign policy chief Brussels is finalizing the “last details” of the 12th package of Ukraine-related restrictions against Moscow, foreign policy chief Josep Borrell told reporters following a meeting of EU foreign ministers on Monday. According to Borrell, the package […]
Source link The African Development Bank (AfDB) has lifted financial sanctions imposed on Gabon in response to the removal of President Ali Bongo in a coup in August, the new military authorities announced on Friday. The decision was taken at the beginning of last week following successful negotiations with the AfDB, “marking a major turning […]