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UK targets 30 tankers in its largest sanctions package against Russia's 'shadow fleet'
The United Kingdom sanctioned 30 oil tankers of Russia's "shadow fleet" that carried billions of dollars worth of oil and oil products last year, the government said on Nov. 25. "Oil revenues are a crucial source of funding for the Kremlin’s illegal war in Ukraine," the Foreign Office said in a statement. The latest sanctions […]
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Sanctions delay to Russian zinc mine results in supply miscalculations, Reuters reports
Western sanctions on Russia's Ozernoye zinc mine have left the company struggling to replace key equipment needed to boost production, three sources familiar with the situation told Reuters. This shortage is expected to impact global zinc supply forecasts for 2025, with projections likely overstated. Without Ozernoye’s significant contribution, the ongoing shortage of zinc concentrate—an essential […]
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US weighs sanctions on Russia's shadow fleet, Chinese banks supporting war effort, Reuters says
Washington is considering more sanctions on "shadow fleet" tankers and has not ruled out targeting Chinese banks if they are found to be involved in Russia’s war effort, U.S. Treasury Secretary Janet Yellen told Reuters in an interview on Dec. 13. The U.S. is weighing additional measures against entities facilitating sanctions evasion in oil trade […]
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Turkey in talks with US over sanctions exemption for Russian natural gas payments
Turkey is in talks with the United States in an effort to receive a sanctions waiver to further continue payments for Russian natural gas imports, Turkish Energy Minister Alparslan Bayraktar said on Nov. 25. The United States introduced new sanctions on Nov. 21, targeting dozens of Russian banks, including Gazprombank, securities registrars, and financial officials. […]
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US imposes sanctions on nearly 400 individuals, legal entities, including Putin's relative
The U.S. imposed sanctions on Oct. 30 against nearly 400 entities and individuals directly or indirectly involved in supporting Russia in its war against Ukraine, the U.S. State Department announced. The U.S. and its allies regularly introduce new restrictions on entities and individuals that fuel Russia's aggression in Ukraine and help Russia circumvent sanctions. The […]
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UK’s Starmer urges G7 to intensify pressure on Putin with sanctions
British Prime Minister Keir Starmer has emphasized the importance of inflicting "maximum pain" on Russian President Vladimir Putin through additional sanctions and enhanced military support for Ukraine. Talking during a video conference with G7 leaders, Starmer highlighted Putin's unwillingness to make concessions and argued for bolstered aid to Ukraine to position the country as strongly […]
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EU preparing more sanctions against Russia's shadow fleet, Bloomberg says
The European Union is preparing a new round of sanctions targeting Russia's "shadow fleet," Bloomberg reported on Nov. 14, citing people familiar with the plans. Russia's shadow fleet is a group of older and often uninsured vessels used to ship out Russian oil while avoiding international sanctions imposed in 2022 as part of the effort […]
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Zelensky calls for tougher sanctions as Russia launched 2,000 drone attacks on Ukraine in October using foreign-made parts
Russia launched over 2,000 Shahed-type drones at Ukraine in October, President Volodymyr Zelensky said on Nov. 2, while urging Western allies to apply more sanctions against the providers of components used in Russian drones. Russia continues to avoid sanctions through the use of sanctions evasion networks and shell companies. Russia is also aided in sanctions […]
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Lithuania and Estonia introduce new sanctions against Georgian officials
Lithuania and Estonia have imposed sanctions against Georgian Prime Minister Irakli Kobakhidze and several government officials, Lithuanian Foreign Minister Kestutis Budris announced on X on Dec. 15. Lithuania expanded its sanctions list to include 17 individuals, while Estonia sanctioned 14 officials earlier that day. The Baltic states had previously imposed sanctions on Bidzina Ivanishvili, founder […]