which encompass various targets, including individuals, legal entities, and restricted items. Among the most aggressive actions taken by the EU was the imposition of an import ban on Russia’s energy and oil sectors under its sixth sanction package. This move...
The disconnection from SWIFT announced by the West on Saturday is partial, leaving Europe and the United States room to escalate penalties further later.
On 28 February 2022, the European Union ("EU") adopted its third package of sanctions against Russia, imposing asset freezes on various Russian businesspersons active in the oil, banking and finance sectors, while closing off the EU's airspace for Russian air carriers and prevent...
FILE PHOTO: The logo of Credit Bank of Moscow is on display outside its branch in Moscow, Russia, June 7, 2016. REUTERS/Sergei Karpukhin/File Photo BRUSSELS (Reuters) - The European Commission has proposed sanctions against Credit Bank of Moscow and the Russian Agricultural B...
in a statement later Thursday urged Congress and the Biden administration to "not shy away from any options—including sanctioning the Russian Central Bank, removing Russian banks from the SWIFT payment system, crippling Russia's key industries, sanctioning Putin personally, and taking all...
The latest round of sanctions would also affect Sberbank, Russia's top lender, diplomats said, adding it to several banks that have already been excluded from the SWIFT messaging system. Borrell said the Commission's proposed measures against Russia, which attacked Ukraine by land, s...
The package also includes a new list of sanctioned Russian military officers and other individuals, the "de-SWIFTing" of Russia's biggest bank Sberbank and two other major banks, the cutting-off of three Russian state-owned broadcasters from European airwaves and a ban on services of EU-based...
States seeking to join the European Union (EU) must extensively harmonise their laws with the EU acquis. Ukraine applied for EU membership on the fifth day of Russia's full-scale military invasion in 2022, following years of legal approximation under the
"We need to shut down Nord Stream 1 and 2, we need to cut reliance on raw materials, cut off Russian financial institutions from capital markets, confiscate assets of oligarchs, close off SWIFT for Russia... All sanctions against Russia should be on the table."...
The toughest sanction yet on Russia for its invasion of Ukraine, agreed overnight after weeks of wrangling, aims to remove 90% of Russia's crude imports into the 27-nation bloc by year-end, senior officials said. "The purpose is to stop Russia's aggressive war," Latvian Prime Minister Kr...