India-Russia trade will continue despite Western sanctions: Envoy

Russia’s envoy Denis Alipov on Tuesday underlined the strength of bilateral ties with India, saying the positive dynamics of trade between the two countries will continue despite the West’s sanctions against Moscow. In an interview with Sputnik News India, Alipov said there were certain difficulties with trade after the … Read more

Kremlin slashes spending by £24bn as West’s sanctions batter Russia

Putin The Kremlin is poised to cut future spending plans by £24bn as Western sanctions against Russia bite. Defence, technology and transport budgets are all set to be trimmed, according to Russian media. More than 1.6 trillion roubles, or £24bn, has been slashed from the Russian state budget over the next three years as Moscow … Read more

G7 countries to hit Russia with new sanctions

G7 leaders have vowed to impose new sanctions on Russia that will restrict its ability to import key technologies for its arms industry, as they promised more support for Ukraine including security commitments. The group of seven advanced economies said they would “align and expand targeted sanctions to further restrict Russia’s access to key industrial … Read more

U.S.’s Russia sanctions architect Singh departs as Ukraine war drags on By Reuters

© Reuters. FILE PHOTO: Deputy National Security Advisor for international economics Daleep Singh gives an update on sanctions during a daily press briefing on the U.S. response after Russia launched a massive military operation against Ukraine, at the White House in By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will have a new … Read more

Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions

Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all over the world. Now, a ratcheting up of sanctions is prompting a migration to the … Read more

Moscow issues sanctions against UK journalists and defence officials

Russia has sanctioned 49 UK citizens, including journalists, defence officials and arms industry executives, in response to western punitive measures against Moscow over President Vladimir Putin’s invasion of Ukraine. Those targeted, including Financial Times chief foreign affairs commentator Gideon Rachman, are barred from visiting Russia, which the foreign ministry said was retaliation for “the UK … Read more

Nord Stream gas capacity constrained as sanctions delay equipment

Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Publishing date: Jun 14, 2022  •  10 minutes ago  •  2 minute read  •  Join the conversation Article content The capacity of Gazprom’s Nord Stream 1 pipeline to supply gas to Europe is partly constrained as sanctions make it impossible for equipment supplier Siemens Energy … Read more

Russia’s Sakhalin 1 Oil Operations Disrupted by Western Sanctions on Insurance: ONGC

Operations at Russia’s Sakhalin 1 oil project will continue to face disruptions for “a couple of months” as Western sanctions have hit insurance cover for ships to transport crude, according to India’s ONGC Videsh, a stakeholder. ONGC Videsh, the overseas investment arm of India’s top oil explorer Oil and Natural Gas Corp., has a 20% … Read more

China warns Canada over air patrols on lookout for N.Korea sanctions busting By Reuters

2/2 © Reuters. A Canadian CF-188 Hornet is guided under a water salute during media day for the Canadian International Air Show in Toronto, Canada, September 3, 2015. REUTERS/Louis Nastro 2/2 BEIJING (Reuters) – China’s foreign ministry warned Canada on Monday of potential “severe consequences” of any “risky provocation”, after Canada’s military last week accused … Read more

EU Gives Final Nod to Sanctions Targeting Russia’s Oil, Insurance, Sberbank

BRUSSELS – The European Union on Thursday gave its final approval to new sanctions on Russian oil and top bank Sberbank, after much wrangling with Hungary, as punishment for Russian President Vladimir Putin’s Feb. 24 invasion of Ukraine. EU leaders, used to a plentiful supplies of Russian energy, agreed to an embargo on crude oil … Read more