US implements G7 sanctions targeting Russian military, gold

Washington announced steps Tuesday to implement the new sanctions on Russia as agreed by G7 leaders, targeting Moscow’s defense industry, raising tariffs and banning gold imports from the country. The latest moves “strike at the heart of Russia’s ability to develop and deploy weapons and technology used for Vladimir Putin’s brutal war of aggression against […]

US orders seizure of two aircraft owned by Russian oligarch Abramovich

  The US Justice Department ordered the seizure Monday of two aircraft owned by Russian oligarch Roman Abramovich, saying they had been used in violation of sanctions on Russia imposed over its invasion of Ukraine. The department said in court filings that the two aircraft, a Boeing 787-8 Dreamliner and Gulfstream G650ER executive jet, had […]

US blacklists Putin money-manager, luxury yacht brokerage for Russian elite

  The United States placed Russian President Vladimir Putin’s money-manager and a Monaco company that provides luxury yachts to Moscow’s elite on its sanctions blacklist Thursday, stepping up pressure over Russia’s invasion of Ukraine. Washington hit Sergei Roldugin, labelled “Putin’s middle-man,” Roldugin’s opera singer wife Elena Mirtova, and Foreign Ministry spokeswoman Maria Zakharova with sanctions, […]

Abramovich among three oligarchs to challenge EU sanctions

Three Russian oligarchs, including Roman Abramovich, are seeking to overturn EU sanctions they have been slapped with, the Court of Justice of the European Union (CJEU) told AFP on Wednesday. “These cases fall within the jurisdiction of the General Court,” a lower-ranked tribunal in the CJEU tasked with hearing such matters, a CJEU spokeswoman said. […]

Russia to make foreign debt payments in rubles: ministry

Russia said Wednesday that it will start paying its foreign debt in rubles after the United States ended an exemption allowing Moscow to make the payments in dollars held in Russia. The US Treasury announced Tuesday it was closing the escape clause to the drastic financial sanctions imposed on Moscow after it sent troops to […]

Companies lawyer up to navigate Russia sanctions

by Ali BEKHTAOUI The deployment of unprecedented sanctions against Russia over the Ukraine war has left companies with a complex legal minefield to navigate, prompting them to hire more lawyers to avoid costly missteps. The European Union alone is inching towards its sixth sanctions package, while the United States, Britain, Japan and even traditionally neutral […]

US blacklists Russia’s Transkapitalbank, oligarch network

The US Treasury announced fresh punitive measures Wednesday against Russia’s Transkapitalbank as well as a sprawling network around oligarch Konstantin Malofeyev which was allegedly used to evade sanctions. The privately-owned Transkapitalbank was placed under blocking sanctions, which seek to prevent it from accessing global financial networks by forbidding US institutions and individuals, or others with […]

UK freezes £10B in assets of two Russian oligarchs

The UK on Thursday announced it was freezing assets worth around £10 billion ($13 billion, 12 billion euros) of two more Russian oligarchs, both longstanding business associates of Chelsea Football club owner Roman Abramovich. The sanctions against Eugene Tenenbaum, a director of Chelsea, and David Davidovich bring the total number of oligarchs, family members and […]

US bans exports to three Russian airlines for sanctions violations

The US government has banned exports to Russian state airline Aeroflot as well as two other carriers for flying aircraft in violation of sanctions, the Commerce Department said Thursday. Washington warned last month that the carriers had gone against penalties imposed on Moscow over its invasion of Ukraine by flying Boeing aircraft, as had billionaire […]