Posts tagged as sanctions

For Kremlin, Ukrainian election a choice between lesser of three evils

By Andrew Osborn on Friday, March 8, 2019

Before Russia annexed Crimea and backed separatists in east Ukraine, Moscow had a Ukrainian president who did much of what it wanted. Now, as Ukraine readies to elect a new leader, none of the main candidates look that enticing to Russia. Viktor Yanukovich, the last Moscow-friendly Ukrainian president, was toppled by protests in 2014 and fled to Russia, and Petro Poroshenko, his successor, has put fierce opposition to Moscow at…

Oil nudges higher on Venezuela and Iran sanctions, OPEC cuts

Thursday, March 7, 2019

Oil edged up on Thursday amid ongoing OPEC-led supply cuts and U.S. sanctions against exporters Venezuela and Iran, but price gains were capped by record U.S. crude output and rising commercial fuel inventories. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.31 per barrel at 0637 GMT, up 9 cents, or 0.2 percent, from their last settlement. Brent crude futures were at $66.22 per barrel, up 23 cents,…

Latvia maintains strict and united EU diplomatic and sanctions policy in relations with Russia

Wednesday, February 13, 2019

In relations with Russia, Latvia maintains a strict and united EU diplomatic and sanctions policy, Foreign Minister Edgars Rinkevics (New Unity) told LETA, commenting on a report about Latvia’s relations with Russia, Belarus and China, which the government heard behind closed doors on Tuesday. The minister said that it is the Foreign Ministry’s traditional practice to inform each new government about basic policies regarding these countries. Ministers came up with…

Latvia to continue to maintain sanctions against Russia

Tuesday, January 22, 2019

Latvia will continue to maintain the sanctions against Russia until Russia begins to observe principles of international law, according to the would-be government’s declaration. The declaration says that Latvia will continue to protect the interests of Latvia and its citizens during the Brexit process. Latvia wants the relations between the European Union and Great Britain to remain close and constructive in both economics and security and defense areas, says the…

U.S. warns German companies of possible sanctions over Russian pipeline

Monday, January 14, 2019

The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. U.S. President Donald Trump has accused Germany of being a “captive” of Moscow because of its reliance on Russian energy and urged it to halt work on the $11 billion gas pipeline. The pipeline, which would carry gas straight to Germany under the…

EU prolongs economic sanctions by six months

Wednesday, December 26, 2018

On 21 December 2018, the Council prolonged the economic sanctions targeting specific sectors of the Russian economy until 31 July 2019. This decision follows an update from President Macron and Chancellor Merkel to the European Council of 13-14 December 2018 on the state of implementation of the Minsk agreements, to which the sanctions are linked. Given that no progress has been made, the European Council took the political decision to…

U.S. widens Russia sanctions over election interference

Friday, December 21, 2018

Washington has introduced new targeted sanctions against Russian citizens, putting them on its blacklist of individuals allegedly involved in a Kremlin-backed campaign to meddle with the 2016 U.S. presidential election and other malign activities. Canadian-British news agency Reuters report that on Wednesday, December 19, the U.S. Treasury Department also announcement that it would lift sanctions on Russian aluminum company Rusal, EuroSibEnergy and EN+ after they have agreed to sever Russian…

Among the EU countries, Lithuania is a pioneer of personal “Azov” sanctions against Russia

Saturday, December 8, 2018

Lithuania is the first EU country to impose sanctions for Russia’s maritime aggression. To implement this plan, the Foreign Ministry of this Baltic country on Thursday, December 6, appealed to the Migration Department under the country’s Ministry of Internal Affairs with a proposal to include in the list of unwanted guests of Lithuania people who directly participated in the act of aggression against Ukrainian warships and their crews on November 25…

Ineffective decisions destroy European Union

By Viktors Domburs on Monday, December 3, 2018

European Council President Donald Tusk stated last week that the European Union will extend its existing economic sanctions on Russia this month. This decision is to be taken at a summit of EU leaders on Dec. 13-14. The EU measures against Russia’s defense, energy and banking sectors should become another “punishment” for Moscow’s role in the turmoil in Ukraine and the naval skirmish in the Sea of Azov. Though at…

Lithuanian conservatives table resolution for additional sanctions on Russia

Tuesday, November 27, 2018

Lithuania’s conservative Homeland Union–Lithuanian Christian Democrats (HU-LCD) proposed on Monday that the Seimas pass a resolution calling for additional sanctions on Russia after it seized three Ukrainian Navy ships on Sunday. The resolution invites the Seimas to call on EU and NATO member states, as well as on the OSCE, the Council of Europe and the United Nations, to make every effort to force Russia to end the militarization of…