US to Sanction One of Russia’s Largest Banks
Gazprombank, the last of Russia’s major state-owned banks, which maintains access to SWIFT and settlements in major world currencies, will be subject to new US sanctions. US President Joe Biden’s administration is considering the possibility of designating Gazprombank (GPB), Russia’s third largest bank by assets, which serves as a centre for gas deals with Europe. […]
New sanctions against Belarus from the USA, Canada and the UK
The US Treasury Department has announced sanctions against individuals and entities in Belarus that support Russia’s war in Ukraine through military funding and production of goods. The sanctions, imposed on a total of 19 individuals, 14 entities and one aircraft, reportedly target individuals who circumvented sanctions on behalf of Belarusian defence organisations and provided income […]
Russia does not expect sanctions to be lifted quickly after Trump’s victory, union leader says
The head of the Russian Union of Industrialists and Entrepreneurs says that Russian entrepreneurs are cautious in relations with the West, hoping for the best but preparing for the worst. The president of the association, Aleksandr Shohin, says that although sanctions against Russia are being imposed quickly, they will be lifted gradually. According to him, […]