Sanctions

Stocks in Russian food companies soar amid Western food ban
Shares in some of Russian food producers have added almost 40 percent by midday on Friday. The surge comes a day after Moscow imposed a one-year ban on imports of food products from the West. Shares in one of Russia’s biggest agricultural holdings Razgulay shot up 39.87 percent by Friday afternoon, according to Moscow Stock Exchange data. [...]
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Russia’s import ban means big business for Latin America
Russia's 1-year ban on food products from the EU, US, Canada, and Norway will force Russia to increase food imports from Latin America, specifically Ecuador, Brazil, Chile, and Argentina. Russia will ban meat, dairy, fruit, and vegetable imports from countries that have imposed sanctions on Russia over the Ukraine conflict, which opens the door to Russia’s partners on the other side of the wo [...]
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Russia bans agricultural products from EU, USA, Australia, Norway, Canada
Russian PM Dmitry Medvedev has signed a decree on the full ban for imports of beef, pork, poultry meat, fish, cheese, milk, vegetables and fruit from Australia, Canada, the EU, the US and Norway. The ban will last a year, starting August 7. The Prime Minister also said Russia has stopped transit flights by Ukrainian airlines to such destinations as Georgia, Azerbaijan, Armenia and Turkey, addin [...]
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European farmers say Russian import ban may sting, EU says “Ukraine is top priority”
Russia's import ban on agricultural goods from countries that sanctioned Moscow over the Ukraine crisis may have a negative impact on European producers, farmers say. However, the EU's ambassador to Moscow insists the bloc's position will not change. Russian President Vladimir Putin signed Wednesday a decree imposing a one-year ban on agricultural produce, foods, and raw materials from countrie [...]
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Unintended consequences: Sanctions on Russia hurt US dollar dominance
The US dollar, the dominant global currency since 1944, may lose some of its luster due to the American-led sanctions against Russia over the turmoil in Ukraine. The greenback has been fading in favor since the global financial crisis in 2008. The US-led sanctions against Russia may have backfired on the US because it threatens to “hasten a move away from the dollar that’s been stirring sin [...]
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Sanctions force Aeroflot to pull plug on low-cost airline
Aeroflot's new budget airline Dobrolet announced it is temporarily suspending flights and ticket sales due to “unprecedented pressure” from European partners as a result of economic sanctions. From August 4, due to “unprecedented pressure on Dobrolet from European counterparts, the carrier is forced to stop flights and ticket sales,” Aeroflot said in a statement released on Sunday. Pass [...]
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‘No compromise’: Big business won’t pressure Putin over sanctions
The big Russian businesses hurt by Western sanctions against Russia won’t even think about putting pressure on President Putin, because the interests of the state are at stake in the conflict, says a reputed presidential ‘inner circle’ figure. “This is out of the question,” Gennady Timchenko, who is one of the few Russian businessmen personally targeted by the US-championed sanctions, [...]
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Switzerland will not blindly follow EU sanctions against Russia – Swiss economy minister
For Switzerland to copy and paste EU sanctions against Moscow is unwise, and would jeopardize the country's role as a mediator, said Swiss Economy Minister Johann Schneider-Ammann. The Swiss government has no plans to follow in the EU’s footsteps and impose sanctions against Russia, Schneider-Ammann said in an interview with the Swiss newspaper Schweiz am Sonntag. [...]
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California and Ukraine National Guard gear up for military collaboration in 2015
In the latest step by Washington to increase the pressure on Russia's border with Ukraine, the Obama administration has informed Congress that the US will train and arm the Ukrainian National Guard next year, the Pentagon said. "The Defense Department and State Department have notified Congress of our intent to use $19 million in global security contingency fund authority to train and equip fou [...]
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Russian sanctions crushing German business
The West is tightening the financial screws on Moscow, but German companies are already feeling the kickback of a slowing Russian economy and weakening ruble. Russia is Europe’s third-largest trading partner, so a spluttering Russian economy, exacerbated by the Ukraine crisis, is seriously affecting German companies. In 2013, Germany exported 36 billion euro worth of goods to Russia. [...]
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EU sanctions: Moscow disappointed by EU’s inability to act independently of US
Moscow is disappointed by the EU's inability to act independently from Washington's dictation in the international arena, the Russian Foreign Ministry said in response to the new package of sanctions. “We feel ashamed for the European Union who, after long searching for a unified voice is now speaking with Washington’s voice, having practically abandoned basic European values, including the [...]
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EU and US impose new round of sanctions on Russia over Ukraine
Both the European Union and the United States announced a new round of sanctions against Moscow on Tuesday, accusing the Kremlin of supporting anti-Kiev militias in eastern Ukraine and threatening to cripple the Russian economy. The 28-member nations tied to the EU were first to acknowledge in a statement Tuesday that they’ve agreed to impose broader sanctions to “limit access to EU capital [...]
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Sanctions against Russia spark AK-47 buying frenzy in US
Russian-made firearms are reportedly flying off the shelves of American gun stores after the United States Treasury Department announced sanctions last week against the maker of the popular AK-47 rifle. Kalashnikov Concern, the company responsible for the eponymous gas-operated 7.62 caliber assault rifle known largely around the world as the AK-47, is among the latest Russian-owned entities to [...]
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‘We will react to NATO build-up!’: Key Putin quotes from defense policy address
Moscow will respond to NATO's expansion towards Russia's borders, President Vladimir Putin said at the emergency Security Council meeting in Moscow. Here are his key quotes on Russia's defense, Western sanctions, and violence in eastern Ukraine. [...]
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France to deliver Mistral warship to Russia despite US, UK criticism
France will go ahead with the delivery of the first of two Mistral warships to Russia despite protests by the US and UK, prompted by Moscow's stance in the Ukrainian crisis. The ship is nearly completed and will be presented in October. French President Francois Hollande said the plan to deliver the two Mistral helicopter carriers was made in Paris and will go forward despite calls from the US [...]
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US sanctions hurt Europe more than America
The Association of European Businesses (AEB), a Moscow-based business lobby, said that new US sanctions against Russia have a more severe effect on European than on American business. The AEB says it “regrets” the US sanctions, and warns that they will stunt economic growth “not only in Russia”. [...]
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Russia: US sanctions revenge for Ukrainian failure, Moscow may retaliate
Russia considers the latest package of sanctions against it issued by the US as revenge for the failure of Washington's schemes in Ukraine and blackmail. Moscow reserves the right to retaliate. [...]
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Putin: US sanctions contradict its national interests, will backfire
Imposing sanctions on Russia and blaming it for destabilizing Ukraine contradicts US national interests, President Putin said at the BRICS summit in Brazil, emphasizing that declared support of Ukrainians should not be limited to the country's oligarchs. [...]
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9 EU countries ready to block economic sanctions against Russia
France, Germany, and Italy are among EU members who don't want to follow the US lead and impose trade sanctions on Russia. US sanctions are seen as a push to promote its own multibillion free-trade pact with Europe. “France, Germany, Luxembourg, Austria, Bulgaria, Greece, Cyprus, Slovenia, and EU President Italy see no reason in the current environment for the introduction of sectorial trade and [...]
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