sanctionsagainstrussia
EU sanctions on Russian oligarchs, designed to put pressure on Vladmir Putin, are facing a host of legal woes – but don’t represent a strategic setback, Euronews has been told. European courts have repeatedly struck down travel bans and asset freezes imposed on those deemed to be in Putin’s inner circle – most recently for bankers Mikhail Fridman and Petr Aven. But that may be par for the course, as the bloc struggles to impose record-breaking measures as economic retaliation for the Ukraine war, experts have said. The EU Council, which groups member states, says it has imposed Ukraine-linked ...
Euronews (English)
Russia's GDP is expected to grow by 3.6% in 2024, matching the growth rate of the previous year, Russian Finance Minister Anton Siluanov said on April 19. Russia's economy faced a shock and subsequent contraction after the beginning of the full-scale invasion of Ukraine in 2022. As the country weathered the onset of Western sanctions and growing isolation, Russia's GDP dropped by 2.1% in 2022. Since then, Russia has managed to survive Western sanctions through a variety of methods, and has continued to bolster its economy through oil sales, particularly to India and China. Siluanov said that "...
Kyiv Independent (UK)
Russia's GDP is expected to grow by 3.6% in 2024, matching the growth rate of the previous year, Russian Finance Minister Anton Siluanov said on April 19. Russia's economy faced a shock and subsequent contraction after the beginning of the full-scale invasion of Ukraine in 2022. As the country weathered the onset of Western sanctions and growing isolation, Russia's GDP dropped by 2.1% in 2022. Since then, Russia has managed to survive Western sanctions through a variety of methods, and has continued to bolster its economy through oil sales, particularly to India and China. Siluanov said that "...
Kyiv Independent
Russia's GDP is expected to grow by 3.6% in 2024, matching the growth rate of the previous year, Russian Finance Minister Anton Siluanov said on April 19. Russia's economy faced a shock and subsequent contraction after the beginning of the full-scale invasion of Ukraine in 2022. As the country weathered the onset of Western sanctions and growing isolation, Russia's GDP dropped by 2.1% in 2022. Since then, Russia has managed to survive Western sanctions through a variety of methods, and has continued to bolster its economy through oil sales, particularly to India and China. Siluanov said that "...
Kyiv Independent (CA)
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16. The U.S. and the U.K. banned the supply of new Russian-made metals to global exchanges, including the London Metal Exchange (LME), but these sanctions do not prohibit the sale of metal from producers to traders or consumers. The company estimates that sanctions could affect 1.5 million metric tons of annual sales, compared to its production of 3.8 million metric tons last year and 4.2 million the previous year, an anonymous source told Blo...
Kyiv Independent
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16. The U.S. and the U.K. banned the supply of new Russian-made metals to global exchanges, including the London Metal Exchange (LME), but these sanctions do not prohibit the sale of metal from producers to traders or consumers. The company estimates that sanctions could affect 1.5 million metric tons of annual sales, compared to its production of 3.8 million metric tons last year and 4.2 million the previous year, an anonymous source told Blo...
Kyiv Independent (CA)
Nearly 40% of sales at Russia's largest aluminum producer, Rusal, are at risk due to sanctions imposed by the U.S. and U.K., Bloomberg reported on April 16. The U.S. and the U.K. banned the supply of new Russian-made metals to global exchanges, including the London Metal Exchange (LME), but these sanctions do not prohibit the sale of metal from producers to traders or consumers. The company estimates that sanctions could affect 1.5 million metric tons of annual sales, compared to its production of 3.8 million metric tons last year and 4.2 million the previous year, an anonymous source told Blo...
Kyiv Independent (UK)
Aluminium prices rocketed to a record level following the UK and the US's decision to ban the trade of Russian metals to "prevent the Kremlin funnelling more cash into its war machine". At one stage in early morning trading, aluminium was up more than 9% on the London Metal Exchange (LME), the biggest rise seen since trading started in 1987. Nickel prices also rose, at one stage gaining more than 8%. Both metal prices later fell back. Hopes ban will tighten Russia's purse for war financingThe UK and US took the decision at the weekend to put sanctions in place against Russia on new production ...
Euronews (English)
The US and UK have announced restrictions on the trade of Russian-origin metals – including aluminium, copper and nickel – on global metal exchanges and in derivatives trading.The ban could hit Russia hard as it is a key export of metals, though critics doubt the effectiveness of the move. US Treasury Secretary Janet Yellen said the prohibitions would "target" Russian revenue earned in the ongoing war against Ukraine. “By taking this action in a targeted and responsible manner, we will reduce Russia’s earnings while protecting our partners and allies from unwanted spill-over effects," she said...
Euronews (English)
MEPs have adopted a package of gas and electricity market reforms intended to bolster energy security, protect vulnerable consumers from wild price fluctuations as seen during the 2022 energy crisis, and create a new market for hydrogen, as well as allowing individual countries to restrict imports of Russian gas – with a more complete ban on the cards due to incoming restrictions imports with excessive upstream methane leakage. With broad cross-party support for a political deal struck with EU governments in December, the European Parliament has approved measures such as promoting the producti...
Euronews (English)
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