America's leadership had to embarrass Europe to impose economic hits on Russia over the crisis in Ukraine - even though the EU was opposed to such a motion, US Vice President Joe Biden revealed during a speech at Harvard. “We’ve given Putin a simple choice: Respect Ukraine’s sovereignty or face increasing consequences,” Biden told a gathering at the John F. Kennedy Jr. Forum at Harvard [...]

China will never support any sanctions against Russia and will never join them, Valentina Matviyenko, speaker of the Russian parliament's upper house said, citing Chinese President Xi Jinping, with whom she met on Tuesday. Both Russia and China believe the sanctions are illegal, ineffective and counterproductive, according to Matviyenko. They are nothing but an attempt “to exert pressure on s [...]

Russia considers the latest round of Western sanctions illegal and is ready to appeal against them to the World Trade Organization (WTO), Russian Economy Minister Aleksey Ulyukaev told reporters on Friday. “The latest round of sanctions provides grounds to appeal to the WTO. And we will appeal,” Ulyukaev said. [...]

Sanctions imposed on Russia by the US and the EU are a part of a larger military agenda agreed by NATO in a summit 2014, Michel Chossudovsky, of the Centre for Research and Globalisation, told RT, calling such a strategy economic and financial warfare. Despite the truce in Ukraine, the EU and the US went ahead with fresh rounds of sanctions – why was the de-escalation of the conflict in the e [...]

Russia has been put into an impossible situation, meaning they are responsible not only for what has been done in Lugansk and Donetsk, but also for what has been done on the side of Kiev, political analyst Alexander Pavic told RT. Apparently, the truce in Ukraine is not enough for the EU to hold back on yet more sanctions. [...]

Imports of Western cars and clothes into Russia could be restricted as part of a second round of "retaliatory" measures prepared in response to the sanctions against Moscow, says presidential aide Andrey Belousov. There are many sellers of non-agricultural goods in the West who are heavily dependent on the Russian market, the official said. [...]

The US has introduced new sanctions against Russia’s biggest lenders – Sberbank, Gazprombank and Rosselkhozbank – and added some of the country’s state-owned technology firms and five energy companies, the Treasury said on Friday. Another Russian lender, Bank of Moscow is also on the blacklist. [...]

The latest list of sanctions looks “quite odd” in view of the peace drive including a ceasefire in eastern Ukraine, Russia’s President Vladimir Putin said as the EU’s restricting measures came into force Friday. Speaking after a meeting of the Shanghai Cooperation Organization (SCO), Putin said that Russia has not ruled out responding with tit-for-tat sanctions. At the same time, he sai [...]

Arms producer Kalashnikov and oil giant Rosneft are among Russian companies hit by a new round of EU sanctions, which have come into effect Friday morning upon being published in the EU Official Journal. The sanctions target the finance, energy and defense sectors. The union has restricted three Russian energy companies from raising long-term debt on European capital markets – Rosneft, Transn [...]

The EU “does not see or is unwilling to see” Russia’s efforts to establish peace in Ukraine, Moscow said in response to the bloc's new sanctions. Despite Brussels’ “non-constructive” policy, Moscow is committed to help implement the peace plan. “We are sorry that the European Union has adopted a new round of sanctions. We have repeatedly expressed our discontent with the previousl [...]

Moscow will take “appropriate measures” in response to possible new sanctions from the European Union, the Russian Foreign Ministry's spokesperson said. “On many levels, the Russian leadership has made it clear that we’ll take adequate measures and our response will be absolutely comparable with the actions by the EU,” the Foreign Ministry spokesman said at briefing in Moscow. [...]

The European Commission has suspended its aid to European farmers hit by the Russian import ban. The amount of submitted claims for some products is several times higher than EU’s annual trade with Russia, with some sources blaming Poland for the exaggerations. [...]

European Commission head Herman Van Rompuy confirmed the EU will unleash a new round of sanctions against Russia on September 12. The economic sanctions will reportedly target Russia's energy, finance, and defense sectors. The new limitations will come into effect after they are published in the official journal of the European Union on Friday. [...]

A"truly" international investigation of the Malaysia Airlines MH17 crash in eastern Ukraine is required, Russia's UN envoy, Vitaly Churkin, said, adding that there are too many blank spots in the newly released Dutch report on the tragedy. The document, released by the Dutch Safety Board (DSB) on Tuesday, said that the Malaysian Boeing-777 crash was the result of structural damage caused by a l [...]

Major airlines saw stock shares nosedive on Wednesday, after media reports said that Russia could block flights over Siberia. However, Russian Foreign Minister Sergey Lavrov said the reports are simply rumors. “I’m not an advocate of using the method of bans and creating real problems for passengers, ordinary citizens who have absolutely no connection to the actions of those who unleashed t [...]

Prime Minister Dmitry Medvedev has warned Russia may shut its air corridors to Western airlines if the next round of European sanctions hit Russian energy companies. "If there are sanctions related to the energy sector, or further restrictions on Russia's financial sector, we will have to respond asymmetrically,” Medvedev said in an interview with the Vedomosti newspaper, published on Monday. [...]

Marine Le Pen, the leader of France's far-right National Front party, says the EU is to blame for the crisis in Ukraine as it forced the situation where Kiev had to choose between East and West. Now that France is joining sanctions against Russia over the alleged direct interference in the political crisis in Ukraine and Paris is considering suspending the €1.2 billion deal of two Mistral hel [...]

Dozens of people gathered in the harbor of Saint-Nazaire in western France on Sunday to protest against the French government's decision to suspend the delivery of a Mistral warship to Russia. Some two hundred protesters gathered by the docked Vladivostok – the first of two Mistral-class helicopter carrier ships – holding banners that read, "Hollande wants to kill Saint-Nazaire. [...]

Lithuania has asked the European Commission to allocate €46 million ($60 million) as compensation for Russian food embargo losses. Slovakia has also asked the EU to lift some sanctions against Russia to partially allow exports. Vilnius is expecting to receive at least part of the requested compensation, as Brussels sees Lithuania as one of the countries most affected by the Russian sanctions, [...]

Russia's decision to impose a food embargo in response to Western sanctions may cost the European Union €5 billion ($6.6 billion) a year, according to an internal EU document. "The overall temporary restrictions currently applied by Russia potentially jeopardize €5 billion worth of trade," the report seen by Reuters states. [...]

A US Navy destroyer and, reportedly, a French frigate have entered the Black Sea, as NATO builds up its presence in the region while tensions remain high in Ukraine. Another two warships are expected to arrive in the area by the end of the week. The US Navy 6th Fleet official command has confirmed on its official Twitter account that the destroyer USS Ross, (DDG 71), an Arleigh Burke-class guid [...]

The EU is considering forbidding all Russian state-owned firms from borrowing or raising money on European capital markets in the possible next round of sanctions against Russia being prepared by the European Commission. This and other proposals were discussed at a meeting of European ambassadors in Brussels on Monday, Reuters reports citing diplomatic sources. [...]