Russian President Vladimir Putin issued a decree on Thursday enabling the government to confiscate American assets in Russia, encompassing real estate and belongings. This is in response to potential US seizures of Russian assets. Vladimir Putin, the president of Russia, signed an order on Thursday that allows the government to
The Financial Times reported that a Russian court confiscated €800 million from Deutsche Bank, UniCredit, and Commerzbank. Moscow has had enough after two years of being the target of a weaponized global reserve currency, being kicked out of SWIFT, countless (toothless) sanctions, and witnessing the freezing and eventual confiscation of
The US threatens India with sanctions following Iran’s Chabahar Port deal, citing risks of business with Iran despite India’s investment Within hours of India concluding a ten-year agreement to manage Iran’s Chabahar Port, the US reaffirmed its warning that “anyone considering business deals with Iran needs to be aware of
Putin’s gold strategy, implemented in early 2022 by tying the value of the ruble to gold, has successfully countered sanctions, aided by Russia’s status as the world’s second-largest producer of gold. Russia is the target of more than 16,000 sanctions. Nonetheless, the Russian economy and military apparatus expanded by 3.6%
The yacht “Amadea,” owned by Russian oligarch Suleiman Kerimov, who is under sanctions, costs US taxpayers $1 million a month. According to recent court documents, maintaining a mega-yacht that American authorities bought from a Russian tycoon is costing the government close to $1 million every month. The U.S. Department of
The new U.S. sanctions imposed on Russia in reaction to the passing of opposition leader and anticorruption crusader Alexey Navalny are threatening India’s oil supply from Russia. According to industry sources in India who spoke to Reuters, Indian refiners are worried that the most recent sanctions imposed by the United
According to a report by Sputnik Globe-News, the US has defied its sanctions and imported Russian crude worth nearly $3.5 million in October and November. Despite imposing sanctions on Russia over its invasion of Ukraine, the United States received Russian oil worth $2.7 million and $749,500 last October and November,
According to US economist and former Wall Street analyst Michael Hudson, due to sanctions warfare, the US and EU might become failed economies. The US’s attempts to use sanctions to destroy the Russian economy have failed miserably, hurting not only the US but also allies who adopted ineffective economic warfare
According to research conducted by The New York Times, Western companies suffered losses of more than $100 billion after leaving Russia. The New York Times said on Sunday that Western corporations that declared their exit from Russia after Russia’s special military operation in Ukraine began in 2022 lost more than