Russia Sanctions Archives

European companies suffer €100bn hit from Russia operations

August 7, 2023 No Comments

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A survey of 600 European groups’ annual reports and 2023 financial statements shows that 176 companies have recorded asset impairments, foreign exchange-related charges and other one-off expenses as a result of the sale, closure or reduction of Russian businesses.

Russia’s sanctions-busting success places yet more emphasis on battlefield

February 21, 2023 No Comments

There are several reasons why nearly 3,000 international sanctions haven’t yet had the “massive consequences” that President Biden’s administration promised in early 2022, including Russia’s deft economic management, its success in courting new trading partners and the lucrative oil and gas revenues that are keeping Putin’s war effort afloat.

West eases efforts to restrict Russian oil trading as inflation and energy risks mount

August 1, 2022 No Comments

European governments have eased back on efforts to curb trade in Russian oil, delaying a plan to shut Moscow out of the vital Lloyd’s of London maritime insurance market and allowing some international shipments amid fears of rising crude prices and tighter global energy supplies.

A joint UK-EU prohibition on maritime insurance would constitute the most comprehensive restriction to date on Russian oil, ending access to much of the global tanker fleet for Moscow’s exports.

But US officials have expressed concern that an immediate global ban on maritime insurance would push up prices by pulling millions of barrels of Russian crude and petroleum products off the market.

The West impales itself on the sanctions sword

July 25, 2022 No Comments

THE West’s strategy against Russia in Ukraine is fast proving a total fiasco, with unintended consequences for international food and energy provision which will inevitably worsen in the coming months.

Nato’s Ukraine crusade hits the buffers of reality

July 14, 2022 No Comments

Nato, led by Joe Biden, has committed the classic blunder of taking sides in a war on the assumption it would be won without having an exit strategy in case it is lost. The Ukrainian war has been fought from Washington almost as if it were a video game rather a human tragedy.

Germany to reactivate coal power plants as Russia curbs gas flow

July 9, 2022 No Comments

The move has been described as “painful but necessary” by the government’s environmentalist economics minister, Robert Habeck. It has the backing of leading Greens in the coalition government, who argue it is needed as a short-term crisis management tool.

Ukraine war: Russia earns $97bn on energy exports since invasion

June 13, 2022 No Comments

Russia earned nearly $100bn (£82.3bn) from oil and gas exports during the first 100 days of the war in Ukraine, according to a report.
Revenues have been falling since March, as many countries shunned Russian supplies, but remain high, the independent Centre For Research on Energy and Clean Air (CREA) found.

Gas prices hit new all-time high as EU considers blocking Russian oil, Biden keeps restrictions

May 10, 2022 No Comments

Gas prices hit a new all-time high on May 10, 2022, amid rising inflation and President Biden’s restrictions on oil and gas production.

The ruble has bounced back. Are sanctions not working?

April 4, 2022 No Comments

Barely a month after the West imposed heavy sanctions on Russia, the ruble has bounded back up against the US dollar, to levels last seen before the invasion of Ukraine. It prompts the question: Why isn’t the ruble feeling the pain? Are sanctions not working?

China Tells EU To Break Away From The US On Russian Sanctions, Will It Work?

April 3, 2022 No Comments

Beijing has tried to create a rift between the EU and the U.S. by telling Brussels to pursue an “independent” policy toward the Russian-Ukraine war.

The Global Times, an English-language Chinese publication, noted how Beijing is encouraging EU leaders to take a “primary role for Ukrainian resolution.”

Tag: Russia Sanctions