Ukraine bans China’s firms because of helping Russia
Ukraine imposed sanctions on three Chinese companies, claiming they were involved in production of advanced Iskander missiles, a day after President Volodymyr Zelenskiy alleged that China had been supplying weapons to Russia. Zelenskiy’s administration published an updated list of sanctioned entities. The list, which also includes Russian companies, named Beijing Aviation And Aerospace Xianghui Technology […]
Three individuals added to EU sanctions list for malicious cyber activities against Estonia
The European Council adopted additional restrictive measures against three Russian individuals responsible for a series of cyberattacks carried out against the Republic of Estonia in 2020. The individuals listed are officers of the General Staff of the Armed Forces of the Russian Federation (GRU) Unit 29155. The cyber-attacks granted attackers unauthorized access to non-public information […]
Russia Asked U.S. to Lift Sanctions From Aeroflot
Russian authorities have asked Washington to lift sanctions against their flagship airline Aeroflot to resume direct flights with the United States but have not yet received an answer Russian Foreign Ministry Sergey Lavrov said that, “We made this offer at the meeting in [Saudi Arabia] more than a month ago. The Americans considered it, but so […]
UK sanctions: £25bn of Russian assets frozen
New data released on 21 March reveals the impact of UK sanctions on Russia. It is reported that more than £25bn of Russian assets have been frozen since Russia’s illegal invasion of Ukraine. According to the annual review by Britain’s Financial Sanctions Enforcement Office, the UK, together with its allies, has imposed the most severe […]
Britain removes Turkish company from sanctions list
Active Shipping has been removed from UK’s sanctions list for 1 year as part of the sanctions imposed on Russia. The UK Treasury said that the company was being removed from the list and was no longer subject to an asset freeze. Following the presidential decree that revealed US could initiate sanctions against financial institutions […]
EU to remove 4 Russian nationals from sanctions list
Hungary lifted its objection to the EU’s renewal of sanctions on Russian individuals and entities after several names were taken off the list. After a week of haggling, EU ambassadors reached a compromise over the six-month extension of the EU’s individual sanctions framework after Budapest removed its blockage. Hungary had initially sought to remove eight […]
Trump threatens to impose ‘large scale’ sanctions on Russia until a peace agreement with Ukraine is reached
After weeks of distancing the U.S. from Ukraine, President Donald Trump threatened to impose expanded ‘large scale’ sanctions and tariffs on Russia until it reaches a peace agreement with Ukraine. Trump’s statement in Truth Social is as follows: “Based on the fact that Russia is absolutely ‘pounding’ Ukraine on the battlefield right now, I am […]
South Korea lifts some sanctions against Russia
South Korea lifted sanctions imposed on Russia on some medical equipment. South Korean Ministry of Trade, Industry and Energy stated that sanctions deactivated as of 28 February. In the statement, it was stated that the pre-export licensing requirement for medical equipment was partially removed and a simpler document submission process was started. In this context, […]
Canada sanctions 76 individuals and organisations linked to Russia
Canada has expanded sanctions against Russia. In a statement made by the Canadian Prime Minister’s Office, it was stated that 76 individuals and organisations, including senior Russian government officials and oligarchs, who provide support to the Russian defence industry, who are involved in the forced transfer of Ukrainian children to Russia, were included in the […]
70 ships set to be added to EU sanctions list
The Commission stated that they are welcoming the Council’s adoption of the 16th Russia sanctions package: “As Russia’s illegal aggression enters its fourth year, this package is designed to further ramp up pressure on the aggressor and is part of the EU’s unwavering commitment to a just and lasting peace for Ukraine.” The 16th package […]