You Searched For "Sanctions" and got 20 results
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2 mins read
The Kremlin could interpret the West's 'economic strangulation' of Russia as a declaration of war, sanctions expert says
Western sanctions imposed on Russia after it invaded Ukraine have helped to send the ruble to a rec…
Grace Dean
3 mins read
Western sanctions are already disrupting Russia's economy, with the ruble slumping 30% and interest rates jumping to 20%. Here's what's happening and how the situation could play out.
Analysts at Rabobank believe the sanctions could prompt "perhaps the worst economic and financial c…
Grace Dean,Harry Robertson,Ja…
3 mins read
A Russian billionaire said he only found out he was sanctioned when he read it in the news while on vacation, days before his 50th birthday
Andrey Melnichenko's wealth has fallen by almost a third since he was sanctioned. He told Weltwoche…
Grace Dean
4 mins read
Here are the sanctions the US has levied against Russia thus far following Putin's announcement that it would move troops to eastern Ukraine
President Joe Biden announced a "first tranche" of sanctions on Tuesday after declaring that Russia…
Erin Snodgrass
3 mins read
Who is Alisher Usmanov, the sanctioned Russian billionaire said to be one of Putin's 'favorite oligarchs'?
Alisher Usmanov is one of Russia's richest people and thought to be a close ally of Putin, but his …
Grace Dean
2 mins read
British law enforcement raided a Russian oligarch's mansion and seized £30,000 in cash as part of an investigation into possible sanctions violations, report says
The oligarch, Petr Aven, who's worth around $5.3 billion, has said previously he doesn't know "how …
Grace Dean
4 mins read
The US, EU, and others have hit Russia with a pile of sanctions, but they still have more tools to hammer its economy
Sanctions from the US, UK, and EU have largely targeted Russian banks and elites. It's been enough …
Joseph Zeballos-Roig,Ben Winck
1 min read
Russia's biggest oil company has slashed its production levels as sanctions bite, report says
Russian oil output has dropped since February, with state-owned Rosneft taking the brunt of the hit…
Harry Robertson
3 mins read
Russia's economy could suffer a 'deep' recession that cuts GDP by 11% as sanctions sharpen, JPMorgan says
Putin has taken steps to insulate Russia from a recession due to Western sanctions, but JP Morgan r…
Jason Lalljee
1 min read
Putin's foreign minister says freezing Russia's currency reserves was 'thievery' and that the Kremlin didn't expect such harsh sanctions
Sergey Lavrov said nobody in the Kremlin predicted how fierce the sanctions on Russia's economy wou…
Sinéad Baker
3 mins read
A steel company says it has lost a third of its sales after its Russian oligarch owner was sanctioned
Alexei Mordashov, Russia's third-richest person, controls steel giant Severstal. The company said i…
Grace Dean
1 min read
Ukraine has seized $420 million in assets belonging to a sanctioned Russian oligarch
The prosecutor general's office said that it had seized securities in Cypriot companies held at a b…
Grace Dean
2 mins read
A sanctioned Russian oligarch's $65 million superyacht is on its way to Turkey
Oleg Deripaska's superyacht had previously been docked in the Maldives, which doesn't have an extra…
Grace Dean
1 min read
Cryptocurrencies pose a threat to effectively enforcing sanctions, says US Treasury Department
Left unchecked, "these digital assets and payments systems could harm the efficacy of our sanctions…
Carla Mozée
2 mins read
2 Russian billionaires resigned from the board of one of the country's biggest banking companies a day after the EU sanctioned them
Alfa-Bank's website says Mikhail Fridman and Petr Aven left its board in resignation applications d…
Grace Dean
2 mins read
India among the eight countries allowed to continue buying oil from Iran even after the US reimposes sanctions — But there’s a catch
And while that may be true, it’s only temporary. So, essentially, it should be treated as an ext…
2 mins read
Shipbuilders are receiving a rush of offers on superyachts under construction amid sanctions on Russian elites
Sanctions mean shipbuilders are left with unfinished superyachts, originally destined for the Russi…
Grace Dean
3 mins read
Putin's shadowy wealth could be impossible to target with sanctions
Offshore accounts, complicated schemes, and a possible secret palace mean sanctions won't touch one…
Juliana Kaplan
2 mins read
Boeing says nearly 100 jets on its order books are now in limbo because of sanctions against Russia
Geopolitical events and related international sanctions against Russia have forced Boeing to place …
Taylor Rains
1 min read
Russia owns $140 billion in Chinese bonds, which could help it skirt Western sanctions, analysts say
Russia's central bank and sovereign fund own about $140 billion in Chinese bonds, according to esti…