Britain imposes sanctions on Russian oligarchs, businesses, and international networks aiding Russia's oil and gold industries, which play a significant role in financing the ongoing invasion of Ukraine.
According to the Financial Times, based on a freedom of information request to HM Treasury, 127 companies had voluntarily reported sanctions violations to the UK government by May 17.
The US has sanctioned Ekaterina Zhdanova for laundering funds and facilitating crypto transactions worth hundreds of millions of dollars, helping Russian elites bypass sanctions.
Two Russian-Canadian nationals and a Brooklyn resident have been arrested in Manhattan on charges related to illegally exporting electronics to entities associated with Moscow's military, as alleged $10 million exports violated US sanctions against Russia. The trio used two Brooklyn-based companies as intermediaries to facilitate these shipments.
There are indications Camozzi has maintained dealings in Russia with sanctioned companies directly involved in the Ukraine war, despite international pressure.
Belgium commits €1.7 billion for Ukraine's assistance, drawing from taxed frozen Russian assets. The EU and G7 explore taxing immobilized Russian sovereign assets, while Belgium works on banning Russian diamonds from its markets.
The president stressed that sanctions pressure on Russia is obviously insufficient, evidenced by the growing number of Russian drone and missile strikes.
Norway joined Finland, Baltic states and Poland in banning entry of Russian passenger cars starting October 3, part of measures aimed at cutting Russia's income for its invasion of Ukraine.
The UK sanctions Russian officials involved in recent sham elections in Ukraine's occupied regions of Crimea, Donetsk, Luhansk, Zaporizhzhia, and Kherson.
In 2022, due to Western sanctions, Russia significantly reduced the production of missiles and other weapons. However, by the end of 2022, Moscow's military-industrial manufacturing has practically recovered and has even exceeded its pre-war levels, according to the NYT. It means Moscow has found a way to evade sanctions and export controls.