Hungarian OTP Bank sees 40% profit surge in Russia
The bank increased its Russian business in 2024, boosting profits despite growing pressure on European banks to reduce Moscow ties.
Browsing Tag
Sanctions against Russia
315 posts
sanctions against Russia
Trump threatens new sanctions, tariffs on Russia to force Ukraine peace talks
This marks Trump's first public rebuke of Russia since taking office, as all his previous demands and actions had been directed at Ukraine.
Australia imposes largest sanctions package against Russia since full-scale war began
New Zealand also announced sanctions against 52 individuals and entities connected to Russia's military-industrial complex, energy sector, and those involved in the deportation of Ukrainian children.
US might deploy troops to Ukraine without Moscow-Kyiv peace deal, Vance says
The US Vice President breaks from Trump administration's position by threatening US military deployment and additional sanctions against Russia if Putin fails to negotiate a peace deal.
US sanctions thwart major Russian LNG project as Chinese vessel returns home
After a 10-month journey, a Chinese heavy lift vessel failed to deliver critical LNG modules to Russia.
Trump administration disbands Russian assets seizure taskforce
Attorney General Pam Bondi disbands KleptoCapture task force, redirecting Justice Department resources from Russian sanctions enforcement to fighting drug cartels.
Kellogg: Trump ready to double down on Russian sanctions
Trump's envoy says pressure on Russia can't be military but economic and diplomatic, with negotiations requiring concessions from both Ukraine and Russia.
Russo-Ukrainian war, day 1078: EU advances special tribunal for Russian war crimes, while both Ukraine and Russia express readiness for talks
On 5 February, Ukraine successfully negotiated the return of 150 defenders from Russian captivity. Meanwhile, President Zelenskyy has indicated openness to direct negotiations with Putin while simultaneously demanding nuclear deterrence capabilities if NATO membership remains distant.
Telegraph: Finnish foreign minister says Russia’s economy shows “serious cracks,” urges to strengthen economic sanctions
Economic forecasts show Russian GDP dropping to under 1% in 2025 from 3% currently, while the central bank has pushed interest rates to 21% amid mounting pressure from international sanctions.
UK PM Starmer urges European allies to increase Ukraine support
This year, the UK "will give more military support to Ukraine than ever before."
Ukraine arrests $50 million worth of Russian oligarch Deripaska’s assets
Raw materials were stored at a Mykolaiv plant previously owned by Deripaska and were prepared for re-exporting to Russia via the EU.
Politico: Ukraine hopes Putin’s behavior will turn Trump against Russia
Trump and Ukraine differ sharply on ending the Russo-Ukrainian war, with conflicting views on what outcomes are realistic.
Barbados and Panama to remove flags from 114 Russian shadow fleet tankers
Following January 2025 sanctions, Russian vessels are seeking new registrations, with some moving from Barbados to flags like Tanzania and São Tomé.
Canada has over $317 million in Russian assets frozen due to Ukraine invasion
Additionally, over 3,000 Russia-linked individuals and entities have been under the Canadian sanctions over the invasion of Ukraine.
FT: EU eyes Belgian king as Hungary threatens to block Russia sanctions renewal
A royal WWII decree is considered a fallback option to retain Russia’s frozen €190 bn in the EU if pro-Russian Budapest vetoes sanctions renewal.
Ukraine wants just peace, won’t accept “peace at any price,” UN envoy says
“Peace through strength is the only effective tool to stop the aggressor and ensure a comprehensive, just, and lasting peace,” Kyslytsya says.
Bloomberg: Trump team readies oil sanctions plan for Russia
The approach that Trump ultimately chooses is pivotal to the global oil market, in addition to the further development of the Russo-Ukrainian War
Russian gas giant Gazprom plans to reduce central office staff by 40%
The corporation evaluates substantial workforce cuts at Saint Petersburg headquarters following reduced European market access due to Russia's invasion of Ukraine.
Reuters: Tougher US sanctions to curb Russian oil supply to China and India
Sources note that these sanctions will significantly reduce the fleet of ships available to deliver crude from Russia, with one source noting: ''it's going to drop off a cliff.''
YLE: Dubai firms own 55 vessels in Russian shadow fleet
A Finnish investigation uncovers an extensive Dubai-based network managing Russian shadow fleet oil and LNG tankers. A single UAE firm owns 24 sanctioned ships.
