Browsing: Anti-Russia sanctions

Belgium will lose its status as the global diamond trading hub due to Western sanctions on Russian diamonds, Artyom Studennikov, the head of the First European Department of the Russian Foreign Ministry, told RIA Novosti in an interview published on Sunday.

The EU is unlikely to introduce a complete ban on imports of aluminum from Russia as part of its upcoming sanctions package marking two years since the beginning of Moscow’s military operation in Ukraine, Politico reported on Monday, citing diplomats.

The sanctions imposed by the EU on Russia are “weak,” Agiya Zagrebelskaya, the head of the sanctions department at Ukraine’s National Agency on Corruption Prevention (NCPA), has told the media outlet EUObserver, adding that she does not believe the bloc is capable of tightening restrictions in the future.

Chinese state-owned banks are tightening controls on servicing Russian clients after the US approved secondary sanctions on financial institutions found aiding Russia’s military-industrial complex, Bloomberg reported on Tuesday, citing people familiar with the matter.