Russia imposes sanctions on US individuals
Russia has identified 92 US persons who will be ‘permanently banned’ from entering the Russian Federation. The appointments were made in response to what Russia called ‘the Russophobic policy of the US President Joe Biden administration’. According to Russia’s sanctions, those targeted are senior managers and officials of law enforcement agencies and special services; heads […]
Record profit from blacklisted Huawei despite US sanctions
The Chinese technology giant made a net profit of $ 7.7 billion in the first half of 2024. This is a record. The high-tech giant Huawei has been the target of US government sanctions for some time due to suspected links to the Chinese military. However, according to data from the China Business Network (CBN), […]
China stops supplying goods to Russia without prepayment
Chinese exporters have stopped supplying goods to Russia without prepayment, Izvestia reported, citing Vadim Filatov, President of the Association of Automotive Cargo Carriers and Forwarders, and other market participants. The reason for this is the new US sanctions of 23 August, which affect Chinese companies and banks cooperating with Russia, causing concern among financial institutions […]
Russia plans stablecoin and 2 crypto exchanges to circumvent sanctions
According to the Russian news organisation Kommersant, Russia is planning the establishment of two cryptocurrency exchanges for foreign payments in order to circumvent sanctions. The aim of this step is to create stable currencies for the Chinese yuan and the BRICS currency basket. It is estimated that individuals will not initially be involved in this […]
Sovcomflot makes profit despite sanctions
Russian state tanker operator Sovcomflot is still transporting oil and making a profit despite Western sanctions. According to experts, this reflects both the resilience of the organisation and Washington’s reluctance to impose sanctions on Russian energy exports. Sovcomflot (SCF) posted a net profit of more than $300 million on revenues of $1 billion in the […]