Posts tagged as sanctions

New Latvian government worked for a year – what are the results?

By Lukas Ramonas on Friday, January 24, 2020

January 23 marks the year since the new government began to work. Let’s see what the results are. Summing up the results of the first year of work, the Prime Minister Arturs Krišjānis Kariņš noted that the government coalition “feels strong.” Kariņš reminded reporters that his government had set specific goals for improving the welfare of society a year ago. However, these promises were not fulfilled. Finally, the population lost…

Turkey drops block on defence plan for Baltic states and Poland. Warsaw hits with sanctions

Saturday, January 4, 2020

Talking at the final press conference during the NATO summit in London NATO Secretary-General Jens Stoltenberg touted the meeting with Turkish President Recep Tayyip Erdoğan as a great success. “The important thing now is that all Allies agree on the new… not the new, but to the updated, revised defence plans for the Baltic countries and Poland. And it just shows that we are able to deliver on substance. We…

The U.S. acted very quickly to the action taken by the Latvian government

Monday, December 23, 2019

Commenting the decision by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC) to lift sanctions on the Ventspils Freeport Authority earlier this week, Latvian President Egils Levits said that the US side acted lighting quick to the action taken by the Latvian government. “The Latvian government reacted very quickly and the person subject to the sanctions was separated from the Ventspils Freeport Authority. Thus, there is…

Ventspils port apparently removed from a U.S sanctions list

Thursday, December 19, 2019

A frantic day of legislating in the Latvian Saeima appeared to have paid off, at least in the short term, December 18 with the Ventspils port apparently removed from a U.S sanctions list that had threatened to wreck business at Latvia’s second-largest port. Following no fewer than three extraordinary sessions of Saeima in a single day to take ownership of the port fully into public hands, Minister of Foreign Affiars Edgars Rinkēvičs…

Latvian municipal companies caught in US sanction turmoil

Saturday, December 14, 2019

The US has on December 7 placed the long-time mayor of Venspils, Aivars Lembergs, under sanctions. Companies controlled by Lembergs were also targeted, including the Ventspils Development Agency (VAA), which depended on funding from the state and municipality. According to  BNN  , membership in the VAA is not cheap, yet its membership attracts state and municipal companies such as Ventspils University College, Latvian Olympic Committee, and others. The fact that…

EU prolongs targeted sanctions against Russia over Ukraine

Friday, December 13, 2019

The European Union has extended for another six months its sanctions against Russia’s energy, finance and military sectors. The continued restrictive measures are said to remain in full until Minsk peace deal is implemented. European Union leaders, who met in Brussels on Thursday, December 12, agreed to extend economic sanctions against Russia for another six months, officials said. The measures were first implemented in 2014 after Moscow annexed Ukraine’s Crimean…

Europe suffers from excessive care on the part of the U.S.

By Adomas Abromaitis on Thursday, December 12, 2019

Historically, the U.S. perceives the EU as a developing organization which needs guidance and advice. Though just a few years ago Europe seemed more united and found consensus more easily, the United States managed to influence the European politics easier. Everything has changed. Europe “has grown out of children’s clothing” and has become a serious organization capable of making informed decisions by itself. As soon as France, Germany or any…

Kim rides horse on sacred peak, vows to fight US sanctions

Wednesday, October 16, 2019

North Korean leader Kim Jong Un vowed to surmount U.S.-led sanctions on his country in state media reports Wednesday alongside evocative propaganda images of him riding a white horse seen as foretelling significant decisions as his own deadline for U.S. movement on nuclear talks is nearing. The images in his country’s official media showed a bespectacled Kim, wearing a long, light-brown coat and riding up snow-covered Mount Paektu on horseback.…

Baltic States use sanctions as a part of politics

By Lukas Ramonas on Wednesday, October 16, 2019

On October, 10, leader of the Polish Peasant Party Vladislav Kosinyak-Kamysh called for the lifting of economic sanctions against Russia, but at the same time maintaining of political ones. The politician noted that, despite the sanctions, “Russian coal abides in Poland, and the Germans negotiate with Russia.” According to Kosinyak-Kamysh, economic restrictions did not change the situation in the Donbass. The politician also emphasized that other countries, unlike Poland, easily…

US sanctions squeezing Iran-backed Hezbollah in Lebanon

By Bassem Mroue on Friday, October 4, 2019

The conflict between Iran and the U.S. that has created tensions throughout much of the Middle East is now also being felt in Lebanon, where Washington has slapped sanctions on the Iran-backed Hezbollah and warned they could soon expand to its allies, further deepening the tiny Arab country’s economic crisis. The Trump administration has intensified sanctions on the Lebanese militant group and institutions linked to it to unprecedented levels, targeting…