Also cited are the failure of the sanctions to deter Russia's assault, how sanctioning Russia's energy sector could inflict the most economic pain to the country, and the Institute of International Finance forecast that the Russian economy could decline by 15% in 2022 due to the sanctions....
With military intervention off the table so far, Western allies are relying heavily on sanctions to stop Vladimir Putin causing further devastation in Ukraine. Across the UK, US, EU and beyond, leaders have drawn up measures designed to cripple the Russian economy,...
However, UN sanctions are only passed when a majority of the UNSC votes in their favor. The UNSC consists of five permanent members (the US, the UK, France, China, and Russia) and ten non-permanent members on rotation. Any of the five permanent UNSC members may veto their application, w...
Why are there so many existing sanctions against Russia? Ukraine: The United States and the European Union rolled out a rash of coordinated sanctions in 2014 over Russia’s occupation, and then annexation, of the Crimea peninsula from Ukraine. Certain Russian individuals were hit with travel ...
If you would like to find out more, please check out the following resources: A new frontier in sanctions awareness and compliance whitepaperopens in a new tab Are you ready for reporting on outgoing transfers involving Russian entities?opens in a new tab ...
At the last Summer Olympics, which were held in Tokyo, Russian athletes competed under "ROC" rather than under the Russian flag. At the Paris Olympics, Russian and Belarusian athletes will compete as "Individual Neutral Athletes," referred to as AIN from the French term, Athlètes Individuels ...
LONDON — The European Union has proposed a phased embargo of Russian oil, tightening its sanctions on Moscow for its invasion of Ukraine. What would the impact be o…
HOW WOULD OIL KEEP FLOWING TO THE GLOBAL ECONOMY? Universal enforcement of the insurance ban, imposed by the EU and U.K. in earlier rounds of sanctions, could take so much Russian crude off the market that oil prices would spike, Western economies would suffer, and Russia would s...
The following are the key takeaways from a frantic day. The I-word is used by Biden The use of the phrase “invasion” by Biden was the most notable aspect of his White House remarks.He went on to say that Putin’s recent actions amounted to the “start of a Russian invasion of Ukr...
Or whether a diamond that was cut and polished in India, as more than 90 per cent are, or indeed anywhere outside Russia, cast aside its Russian identity and became exempt from sanctions. The answer lies in the small print of an online entry which was added to the U.S. Treasury's ...