South Korea lifts some sanctions against Russia
South Korea lifted sanctions imposed on Russia on some medical equipment. South Korean Ministry of Trade, Industry and Energy stated that sanctions deactivated as of 28 February. In the statement, it was stated that the pre-export licensing requirement for medical equipment was partially removed and a simpler document submission process was started. In this context, […]
Canada sanctions 76 individuals and organisations linked to Russia
Canada has expanded sanctions against Russia. In a statement made by the Canadian Prime Minister’s Office, it was stated that 76 individuals and organisations, including senior Russian government officials and oligarchs, who provide support to the Russian defence industry, who are involved in the forced transfer of Ukrainian children to Russia, were included in the […]
70 ships set to be added to EU sanctions list
The Commission stated that they are welcoming the Council’s adoption of the 16th Russia sanctions package: “As Russia’s illegal aggression enters its fourth year, this package is designed to further ramp up pressure on the aggressor and is part of the EU’s unwavering commitment to a just and lasting peace for Ukraine.” The 16th package […]
Britain’s largest sanctions package against Russia since 2022
In a written statement made by the British Foreign Office, it was stated that the new sanctions targeted financial resources supporting Russia’s war economy, pro-Kremlin oligarchs and the supply chains of the Russian military. More than 100 new sanctions against Russia are aimed at weakening the country’s military power and putting Ukraine in the strongest […]
India Is Building a Sanctions-Proof Supply Chain for Russian Oil
Oil refiners in India — eager to keep importing cheap crude from Russia — are working with merchants, shippers and other middlemen to rebuild supply chains as tougher US sanctions come into effect. Speaking on the sidelines of India’s flagship energy gathering in Delhi, executives said the existing networks were being reconfigured with selling entities, […]
US DOJ charges parts supplier for violating Russia sanctions
The United States Department of Justice has charged Ohio-based Flighttime Enterprises Inc. and three of its employees with multiple crimes related to their alleged violation of US sanctions by exporting aircraft parts to Russia. The 11-count indictment unsealed on February 13, 2025, alleges that the company, together with Daniela Friery, Pavil Iglin, and Marat Aysin, […]
UK targets Putin’s inner circle with new sanctions
Britain announced new sanctions targeting high profile figures working in the Russian Government and supporters of Russian state-owned business. UK sanctions several high-profile individuals with links to Putin’s inner circle in latest crackdown on the Kremlin. Sanctions target high-profile figures working in the Russian Government, including Pavel Fradkov, a Russian Defence Minister and Vladimir Selin, […]
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, […]
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. […]