Tag Archives: sanctions on Russia

Thirteen businesses and two individuals are under investigation by the US Treasury Department for allegedly assisting Russia in avoiding sanctions by using virtual money and technological services. Fintech, namely financial technology, companies that collaborated with Russian banks under sanctions to enable transactions and provide virtual currency solutions are the focus …

The impact of Russia’s sudden block of natural gas taps to Europe has saturated manufacturers and businesses in fresh risks. Energy prices climbed so fast that some factory owners had to rewrite business forecasts six times in two months. Recently, some manufacturers have put a third of their employees on …

Switzerland is planning to set up more regulation and scrutiny for commodity traders to get more info as well as intelligence about this sector that is flourishing every single day.The move comes in line with the West tries to monitor Russia’s commercial ties and impose sanctions aiming to punish Moscow’s …

The Western countries aligned against Russia face growing economic pain as sanctions and embargoes show little impact and no change on the Russian stance. US officials vowed that Russia’s financial system would be battered if it attacked Ukraine, and President Biden boasted in March that sanctions were “crushing the Russian …

According to a US official on Thursday, the US announced new sanctions on Russia’s state Duma as an entity and its 328 members, reported Reuters. The US also announced new sanctions on Russian oligarchs Herman Gref, the head of Sberbank and Gennady Timchenko, as well as the 17 board members …

US President Biden intends to announce a new Russia sanctions package during his visit to Europe this week, including measures to crack down on sanctions evasion, White House national security adviser Jake Sullivan said at a press briefing Tuesday.Ukrainian President Volodymyr Zelensky has pleaded with the West to impose new …

US crude oil benchmark, WTI, rallies by 4.67% in the day, aiming to close above the USD 100 mark for the second day of the year as Wall Street closed, with US equities printing gains. The market sentiment is positive, though it would be subject to Ukraine-Russia tussles as it …