Tag: sanctions

Russian Vodka, Caviar and Diamonds on New Canadian Sanctions List

Foreign Minister Mélanie Joly is today announcing a fresh wave of sanctions against Vladimir Putin’s regime including a ban on importing Russian vodka, caviar and diamonds. The ban on the import of certain luxury goods from Russia covers alcoholic drinks, fish and seafood. Canada is also banning the export of cigarettes and alcoholic drinks to Russia, as…


HKMA Participates in China Central Bank’s Preparation of Countermeasures for US Sanctions

The Hong Kong Monetary Authority (HKMA) recently admitted that it’s been collaborating with China’s Central Bank on countermeasures for potential U.S. sanctions, a mutual geopolitical risk for both Hong Kong and mainland China. At a May 3 meeting in the Hong Kong Legislative Council, questions were raised about the geopolitical risks and the overall financial…


Russian Oil Revenue Up 50 Percent, Despite Sanctions

Russian oil revenue has risen by 50 percent since the beginning of the year, despite sanctions aimed at punishing the country for its recent and ongoing invasion of Ukraine, according to a new report by the International Energy Agency (IEA). In its most recent monthly market report, the IEA said that the Russian Federation had…


New UK Sanctions Target Putin’s Financial Work Including Ex-wife

The UK has added Russian President Vladimir Putin’s former wife and family members to its sanctions list in a bid to target the financial network supporting Putin’s “luxury lifestyle,” Foreign Secretary Liz Truss has announced. The new sanctions are targeted at Putin’s “wallet” of family and friends, those whom the Russian leader “rewards with state…


The CCP’s Criminal Intent Revealed

Commentary While Russia’s war in Ukraine rages, China’s Xi Jinping is watching with interest—especially to the canceling of Russian access to Moscow’s own foreign investments, including hard currencies, which it thought it could use to backstop the invasion. China, too, invested in foreign assets, including $3.2 trillion in foreign reserves that it has tried to…


US, G-7 Partners Impose New Sanctions on Moscow, Targeting Elites, State TV

The United States, the European Union, and the Group of Seven (G-7) allies on Sunday agreed to impose fresh sanctions against Russia, including penalizing state-controlled media, barring Western management consulting services in Russia, and tightening export controls. The sanctions came a day before Russia’s Victory Day, which celebrates the defeat of Nazi Germany during World…


US, G-7 Partners Impose New Sanctions on Moscow Ahead of Russia’s Victory Day

The United States, the European Union, and Group of Seven (G-7) allies on Sunday agreed to impose fresh sanctions against Russia, including penalizing state-controlled media, barring Western management consulting services in Russia, and tightening export controls. The sanctions came a day before Russia’s Victory Day, which celebrates the defeat of Nazi Germany during World War…


Chinese Regime Changes Tune on Ukraine War Under Pressure of Sanctions: Experts

While the United States and the European Union continue to increase sanctions on Russia, the Chinese communist regime’s state media has recently changed its tone on the Russian-Ukrainian war, starting to report positively on Ukrainian President Volodymyr Zelenskyy. Analysts believe that as the ruling Chinese Communist Party’s (CCP) 20th National Congress is approaching, Beijing is…


Australia Rolls-Out New Sanctions Targeting 110 Russian MPs, Separatists

The Australian government has continued pressuring Russia authorities following the announcement of a tranche of sanctions targeting another 110 individuals, including Ukrainian separatists from the regions of Donetsk and Luhansk and members of the Russian Duma or Parliament. In reiterating Australia’s unwavering support for Ukraine, the Department of Foreign Affairs and Trade (DFAT) said 34…


UK Bans Services Exports to Russia to ‘Help Ensure Putin Fails in Ukraine’

The UK government has announced a ban on exports of management services to Russia, as it further ratchets up economic pressure on the Kremlin following its invasion of Ukraine. Russia’s access to the UK’s management consulting, accounting, and public relations services will be cut off, Foreign Secretary Liz Truss said on May 4. Russia is…