Transport Canada says a plane carrying two Russian nationals that was grounded in Yellowknife last week broke airspace restrictions. It says the plane’s two pilots and the Russian who chartered the plane each have been fined $3,000, while the Geneva-based aircraft operator has been fined $15,000. Transport Canada said the plane is not Russian-owned or…
Trudeau Opens Door to More Military Spending in Response to Russian Invasion
Prime Minister Justin Trudeau is opening the door to spending more on Canada’s military in the wake of Russia’s invasion of Ukraine. Trudeau is in London today for meetings with British Prime Minister Boris Johnson and Dutch Prime Minister Mark Rutte where all were asked about shoring up their defence budgets. Trudeau says the Liberal…
UK’s Johnson Denies Helping Russian Tycoon Enter House of Lords Despite Security Concerns
British Prime Minister Boris Johnson has denied he helped British–Russian media mogul Evgeny Lebedev secure a seat in the House of Lords by intervening to override concerns raised by the security services. A report in The Sunday Times alleged that intelligence provided by MI5 and MI6 to the House of Lords Appointments Commission initially said…
Italy Seizes Oligarchs’ Villas and Yachts to Put Pressure on Russia
ROME—Italian police have seized villas and yachts worth 143 million euros ($156 million) from five high-profile Russians who were placed on sanctions lists following Moscow’s attack on Ukraine, the government said on Saturday. The luxury properties were sequestered in some of Italy’s most prestigious retail estate locations – the island of Sardinia, by Lake Como…
Dutch Bank ING Says $770 Million in Loans Affected by Russian Sanctions
AMSTERDAM—Dutch bank ING provided an update on Friday on its exposure in Russia and Ukraine, saying that about 700 million euros ($771 million) in outstanding loans were “affected” by “new sanctions on (Russian) specific entities and individuals” by Europe and the United States. In a statement composed of bullet points and pictures, it did not…
Yellen Says Treasury to Curb Wealth of Russian Oligarchs Over Ukraine War
March 4, 2022
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CHICAGO—Treasury Secretary Janet Yellen said on Wednesday that the United States and Western allies have immobilized half of the assets of the Russian central bank and will continue to impose “severe consequences” on Russian President Vladimir Putin and the wealthy oligarchs who support him if he escalates his war in Ukraine. Yellen, speaking in Chicago…
Plane Carrying Russian Nationals Grounded in Canada
The Northwest Territories’ infrastructure minister says a plane carrying Russian nationals on its way to the High Arctic was grounded Tuesday in Yellowknife. Diane Archie told the legislature Wednesday that the plane appeared to be on its way to Resolute, Nunavut, with people who were planning to take an overland expedition in a large all-terrain…
Russian, Belarusian Athletes Barred From Beijing Paralympics: IPC
March 3, 2022
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BEIJING—Russian and Belarusian athletes were barred from the Winter Paralympics in Beijing on the eve of the Games following threats of boycotts by other teams over Russia’s invasion of Ukraine, the International Paralympic Committee (IPC) said. Belarus has been a key staging area for the full-scale invasion Russia launched on Ukraine a week ago. Thursday’s…
Germany Opposes Ban on Russian Energy Imports
March 3, 2022
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BERLIN—Germany’s economy minister has spoken out against an embargo on Russian energy imports, saying it could endanger social cohesion in the country. Germany gets about half of its coal and gas from Russia, and a third of its oil. Economy Minister Robert Habeck, who is also Germany’s vice chancellor, said Thursday that his country needs…
Europe Officials Seize Multi-Million-Dollar Superyachts of Russian Billionaire Businessmen
March 3, 2022
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Authorities in Europe have seized two superyachts belonging to Russian businessmen with alleged close ties to Russian President Vladimir Putin, according to multiple reports. Authorities in France on Thursday seized a yacht they linked to the CEO of Russian oil giant Rosneft, Igor Sechin, in the Mediterranean port of La Ciotat, Finance Minister Bruno Le Maire said. “Thanks…
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