The EU’s top diplomat has hit back at those who criticize the Western sanctions slapped on Russia, saying on Monday that he does not believe them to be a mistake, and adding that the bloc will continue to stand by its policies. “There is a big debate about ‘are the …
Read More »
EU foreign policy head Josep Borrell has called on Europeans to show “strategic patience” while months worth of supposedly devastating sanctions against Russia take effect. “The sanctions imposed by the EU and like-minded partners are already hitting Vladimir Putin and his associates hard,” Borrell declared in a blog post on …
Read More »
The Ukrainian World Congress (UWC), a major international diaspora organization, announced on Tuesday that it had asked a court to issue an injunction to prevent the Canadian government from returning a German-made gas turbine that Russia says it needs to deliver natural gas to Germany. The group said its effort …
Read More »
The Russian economy is currently experiencing unprecedented pressure from a group of countries led by the United States, with more than 10,000 sanctions imposed on the country, its citizens, and companies. Never before has such a volume of penalties been imposed on any one country. Even Iran, which has been the West’s …
Read More »
Turkey does not follow the Western lead in sanctioning Russia because it is guided by pragmatic economic considerations and “a policy of balance,” the Turkish president’s spokesman Ibrahim Kalin has said. In an interview with Haberturk TV, Kalin said that Ankara is pursuing “a policy of balance” when it comes …
Read More »
Chinese and Emirati companies, along with a network of Iranian petrochemical producers, have been hit by secondary US penalties for helping Tehran to “evade sanctions” by supporting the sale of its petrochemical products in international markets. The sanctions were introduced against two companies based in Hong Kong, three in Iran, …
Read More »
The extensive sanctions placed on Moscow will most likely remain in place even if there is a ceasefire or a political resolution to the Ukrainian conflict, one of Russia’s leading foreign policy analysts, Ivan Timofeev, has told RT. The expert was speaking on the sidelines of the Saint Petersburg International …
Read More »
Western forecasts about the collapse of the Russian economy as a result of sanctions that were issued in early spring have not come to pass, President Vladimir Putin said on Friday. Speaking at the Saint Petersburg International Economic Forum, Putin said predictions about the collapse of the ruble and the …
Read More »
Prices for natural gas in Europe surged on Wednesday after Russian energy giant Gazprom announced plans for further cuts to supply volumes via the Nord Stream pipeline. Futures on the Netherlands-based TTF trading hub climbed over $1,300 per 1,000 cubic meters, marking a surge of nearly 25%. Earlier this week, …
Read More »
Serbia must follow the EU lead in embargoing Russia and recognize its breakaway province of Kosovo as an independent state if it hopes to join the bloc some day, German Chancellor Olaf Scholz said on Friday. At a press conference in Belgrade after his meeting with Serbian President Aleksandar Vucic, …
Read More »