Browsing: Anti-Russia sanctions

Risk of US secondary sanctions has forced banks in Kyrgyzstan and Kazakhstan to suspend financial ties and stop honoring Mir transfers

Three tankers loaded with Russian Sokol-grade oil have arrived at Indian ports, despite being targeted by Western sanctions, Bloomberg reported on Monday, citing vessel-tracking data.

Russians are scaling back their property investments in Dubai due to a rise in local prices and a tighter US sanctions compliance policy in the emirate, Bloomberg reported on Thursday.   

Hungary no longer needs Ukrainian infrastructure for the supply of Russian natural gas thanks to the TurkStream pipeline, Foreign Minister Peter Szijjarto said on Monday.

Russia has started supplying oil directly to North Korea in defiance of UN sanctions, the Financial Times reported on Tuesday, citing satellite images as evidence.

Russian fast-food chain Vkusno i Tochka, which replaced McDonald’s after the US company left the country due to sanctions, more than doubled its revenues last year, according to an earnings report cited by Interfax.

Doing business in the sanctioned country poses a reputational risk, the European Central Bank has warned

The European Parliament has adopted a directive to criminalize the violation and circumvention of EU sanctions, according to a document published on the legislative body’s website on Tuesday.

Austria’s Raiffeisen Bank International, the biggest foreign lender in Russia, risks “being cut off from the US financial system” if it is found to have helped fund Russia’s military, according to the US Treasury  Department, as cited by Reuters.

Russia on Sunday announced additional voluntary cuts in oil supply mainly in the form of production cuts rather than exports, as it faced curtailed refining capacity as well as stricter sanctions, analysts said.