Category: Sanctions

SANCTIONS

All Turkish Banks Halt Russia’s Mir Payment System – Reports

Three Turkish state banks plan to exit Russia’s Mir payments system over U.S. warnings of sanctions, Bloomberg reported Tuesday, citing an unnamed senior Turkish official. On Wednesday, Turkish broadcaster NTV reported there were no banks left in Turkey that accept Mir, which translates as “World” from Russian. Turkiye Halk Bankası, TC Ziraat Bankası and Turkiye Vakıflar Bankasi,…

EU plans Russia trade sanctions over ‘sham’ Ukraine votes

BRUSSELS — European Union countries should impose “biting sanctions” on Russian trade and hit officials responsible for “sham referendums” held in parts of Ukraine as Moscow ramps up the war, senior EU officials said Wednesday.European Commission President Ursula von der Leyen said the Kremlin-orchestrated referendums on joining Russia “are an illegal attempt to grab land…

European Union Proposes “Biting Sanctions” On Russia For Ukraine Escalation

Brussels: European Commission President Ursula von der Leyen on Wednesday proposed fresh sanctions against Russia over its war against Ukraine, including further trade restrictions, individual blacklistings and an oil price cap for third countries.The proposal will now go to the bloc’s 27 member countries, which will need to overcome differences on the new sanctions and…

EU Calls for ‘Biting Sanctions’ on Russia for Staging Illegal

European Union officials called Wednesday for “biting sanctions” on Russian trade, assailing Moscow for the “sham referendums” it staged in Ukraine as a pretense for an illegal land grab to change the border with its neighbor. European Commission President Ursula von der Leyen said the Kremlin-orchestrated referendums in four Ukrainian regions to join Russia “are…

EU to put price cap on Russian oil in new

The EU is to implement a price cap on Russian oil and widen the range of products covered by export bans as part of new measures designed to inflict more pain on the Kremlin for escalating the war in Ukraine.Brussels’ eighth package of sanctions against Moscow will also include a ban on EU individuals serving…

National Survey Concerning Sanctions to be Launched

The Hungarian government has officially decided to ask the opinion of its citizens about the EU sanctions against Russia through a national consultation. “Energy sanctions were imposed by Brussels on Member States and since then energy prices have skyrocketed,” Hungarian Prime Minister Viktor Orbán said in a Facebook video after the government’s session on Wednesday.…

U.S. readying fresh sanctions on Russia over annexation plans

WASHINGTON, Sept 28 (Reuters) – The United States will in coming days impose economic costs on Moscow over “sham” referendums held by Russia in occupied regions of Ukraine, the State Department said on Wednesday, as Biden administration officials look to the finance and energy sectors for future sanctions action.”We will continue to work with allies…

EU executive proposes eighth batch of sanctions against Russia

EU states start negotiating new package of Russia sanctions27 member countries split on oil price capUkraine: It’s needed to stop ‘blood money’ flowing to RussiaBRUSSELS, Sept 28 (Reuters) – The European Union executive proposed on Wednesday an eighth round of sanctions against Russia over its invasion of Ukraine, including tighter trade restrictions, more individual blacklistings…