Russian companies find loophole in legislation
Companies linked to sanctioned Russian billionaires are avoiding financial audits by exploiting a loophole in Dutch legislation, Dutch public broadcaster NOS reported. According to the report, these billionaires are using a clause in Dutch law to classify their companies as micro-businesses, which allows them to hide the flow of money and avoid strict reporting requirements, […]
Trump warns BRICS countries of sanctions
US President Donald Trump threatened sanctions against BRICS countries this time. Trump announced that if the BRICS countries create the BRICS currency, ‘100 per cent’ tariffs will be applied to these countries. Stating that he will ask for a commitment from the BRICS countries that they will not create a new BRICS currency or support […]
EU to Russia: Sanctions are coming to media companies
The European Union will include a ban on access to Russian propaganda media services in its 16th sanctions package. Russia under the leadership of Vladimir Putin, who launched an all-out attack and occupation attempt against Ukraine’s territorial integrity and sovereignty, continues to target defenceless civilians, critical infrastructure facilities, health and education institutions. ‘Russian state agency […]
EU plans sanctions on 50 Russian products in upcoming trade restrictions
The European Union has announced plans to impose sanctions on 50 types of Russian products, according to the EU’s Special Representative for Sanctions, David O’Sullivan. Citing the foreign media that during his visit to Astana, O’Sullivan discussed the potential inclusion of various products under 50 trade codes in the next package of sanctions against Russia. […]
Russian Senator Held Stake in SpaceX While He Was Sanctioned
A U.S. trust linked to sanctioned Russian senator and billionaire Suleiman Kerimov held a 1% stake in Elon Musk’s SpaceX before authorities blocked the trust, Bloomberg reported Wednesday, citing anonymous sources familiar with the matter. Delaware-based Heritage Trust reportedly acquired the SpaceX stake in 2017, a year before the Trump administration’s Treasury Department sanctioned Kerimov […]