The ECB says it would welcome more exits from Russia by eurozone banks, and that higher borrowing costs could lead to a build-up of bad loans.
February 14, 2023The beneficial ownership of ten offshore trusts owned by Russian oligarch Roman Abramovich was changed shortly before he was sanctioned in the EU and UK.
February 3, 2023Russian mercenary organisation Wagner Group was re-designated as a foreign person that constitutes a "significant transnational criminal organisation".
January 30, 2023OFAC sanctions target microelectronics supply network. European Commission issues new FAQs. Canada targets 23 Russian individuals.
November 15, 2022The sanctions are a response to Putin's attempt to annex four regions of Ukraine, after holding referendums that have been denounced as illegal and coercive.
October 3, 2022The US and EU are also discussing plans target Turkish banks that have joined Russia's Mir payment system. Putin unexpectedly admitted to tensions with Xi.
September 16, 2022The price cap on Russian crude starts in December. India and China import over half of Russia's seaborne oil. Nord Stream 1 is closed.
September 13, 2022A presidential decree prevents investors from so-called unfriendly countries from selling their stakes in banks, strategic entities, and other projects.
August 9, 2022The adoption of Bitcoin as legal tender is expected to make transactions in CAR easier, but the move is seen as part of a power struggle between Russia and France.
May 6, 2022Australia has now sanctioned nearly 750 individuals and entities in response to the war in Ukraine. Russian-affiliated vessels are prohibited from entering US ports.
April 26, 2022