Keywords: Sanctions


Russia vows severe retaliation after EU adopts 20th sanctions package

Russia has warned of “severe” retaliatory measures after the European Union approved its 20th package of sanctions targeting Moscow, escalating economic pressure linked to the war in Ukraine. Russian diplomats rejected the measures as illegitimate, arguing that only sanctions authorized by......

EU bans all crypto transactions with Russian and Belarusian providers

The European Union has adopted a sweeping ban on cryptocurrency transactions involving service providers based in Russia and Belarus, marking a major escalation in its sanctions regime. The measures form part of the bloc’s 20th sanctions package targeting Moscow and its allies, shifting from selective......

Luxury Group Cucinelli tightens sanctions compliance controls after allegations

Italian luxury group Brunello Cucinelli has strengthened its internal controls on compliance with European Union sanctions following allegations concerning potential violations related to exports to Russia. According to its latest annual report, the company adopted a reinforced trade compliance system......

China lifts countermeasures against two EU banks after sanctions rollback

China has announced the removal of countermeasures imposed on two European Union banks following a reciprocal easing of sanctions by the European bloc, marking a small step toward stabilizing financial relations between the two sides. The decision was confirmed by China’s Ministry of Commerce......

India expands Russian marine insurance options

India has broadened its list of approved Russian marine insurers, allowing more companies to provide coverage for vessels calling at its ports. The move reflects New Delhi’s effort to maintain stable maritime operations while adapting to evolving geopolitical and energy market conditions. According......

Allies fear rushed US–Iran framework deal could backfire

European allies are increasingly concerned that a rapid attempt by the United States to secure a preliminary agreement with Iran on its nuclear programme could create more problems than it resolves, according to diplomats familiar with the negotiations. The worry is that Washington may prioritize speed......

Zelensky criticizes easing of sanctions on Russian oil, warns of impact on war

Ukrainian President Volodymyr Zelensky has sharply criticized the easing of sanctions on Russian oil, arguing that such measures risk indirectly funding Moscow’s military operations in Ukraine. In recent statements, Zelensky warned that revenues generated from oil exports could be redirected toward......

Reliance rejects Iranian oil cargoes as sanctions waiver deadline approaches

India’s largest private refiner, Reliance Industries, has declined to accept two cargoes of Iranian crude oil, citing compliance concerns, as a temporary U.S. sanctions waiver nears its expiration. The decision highlights the increasing pressure on global energy flows amid shifting geopolitical......

Russia pledges continued oil supplies to Cuba amid deepening energy crisis

Russia has pledged to continue supplying oil to Cuba as the island faces a severe energy crisis driven by supply disruptions and geopolitical tensions. The announcement was made by Foreign Minister Sergei Lavrov, who confirmed that Moscow intends to maintain its support following the recent delivery......