Tag Archives: sanctions

Brussels, Belgium | Xinhua | The European Union (EU) will phase out Russian crude oil within six months and refined products by the end of the year, European Commission President Ursula von der Leyen said Wednesday, announcing the sixth package of sanctions against Russia. “We now propose a ban on Russian …

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a decree on Tuesday on retaliatory sanctions against individuals and entities in response to their “unfriendly actions” over the Russia-Ukraine conflict. The measures will be taken in retaliation to “the unfriendly actions of the United States, foreign states and international organizations …

Budapest, Hungary | Xinhua | The European Union (EU) has already announced five rounds of sanctions against Russia, including an import ban on Russian coal. But according to Hungarian political scientist Csaba Moldicz, the sanctions will most likely not reach the desired effect of ending the current conflict in Ukraine. …

Moscow, Russia | Xinhua | Western countries’ “economic blitzkrieg” strategy against Russia has failed, President Vladimir Putin said Monday at a government meeting on economic issues. The main negative factor for the Russian economy in recent years has been Western sanctions, which were aimed at “quickly undermining the financial and economic …

Sanctions by the United States and its allies against Russia have worsened food inflation across the African continent Addis Ababa, Ethiopia | Xinhua | The impact of the Russia-Ukraine conflict is felt internationally, but it affects wheat and oil importing African countries worst, a business leader has said. “The Russia-Ukraine conflict …

New York, U.S. | Xinhua | Oil prices climbed on Thursday as traders weighed the prospect of a European Union (EU) ban on imports of Russian oil. The West Texas Intermediate for May delivery added 2.70 U.S. dollars, or 2.6 percent, to settle at 106.95 U.S. dollars a barrel on the …

Brussels, Belgium | Xinhua | European Union foreign ministers did not decide on sanctions targeting Russia’s oil and gas, EU’s High Representative for Foreign Affairs and Security Policy Josep Borrell said on Monday. Addressing the media following a meeting of the EU’s foreign ministers in Luxembourg, Borrell said that although no …

Washington, U.S. | Xinhua | The United States on Wednesday imposed additional sanctions on Russia for its military operation in Ukraine, targeting the country’s major financial institutions and the two daughters of Russian President Vladimir Putin. According to a factsheet from the White House detailing the measures, the United States will …

Ottawa, Canada | Xinhua | The various trade sanctions against Russia indirectly drove up Canadian export values with higher demand and substantial price increases, Statistics Canada said Tuesday, publishing trade data in February with crude oil contributing the most to the export growth. According to Statistics Canada data, total trade (exports …

Brussels, Belgium | Xinhua | The EU is proposing the 5th round of sanctions against Moscow, which among others target coal imports from Russia, European Commission President Ursula von der Leyen said on Tuesday. Von der Leyen said the six-pronged proposed sanctions will be discussed and given the final seal of …