Category: Sanctions

How Putin's Gold Strategy Defeated Sanctions 1

How Putin’s Gold Strategy Defeated Sanctions

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%

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Russian Oligarch’s Yacht Cost US Taxpayers $1 Million A Month 1

Russian Oligarch’s Yacht Cost US Taxpayers $1 Million A Month

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

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India’s Oil Supply From Russia Threatened By New U.S. Sanctions 1

India’s Oil Supply From Russia Threatened By New U.S. Sanctions

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

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“Time For Sanctions Against Israel’ Says Belgian Official

Belgian deputy prime minister Petra De Sutter said it was time for sanctions against Israel due to the inhuman bombing in Gaza. On November 8, Belgian deputy prime minister Petra De Sutter told the Flemish daily Het Nieuwsblad that the EU member state must take action to impose sanctions on

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EU Lost $1.5 Trillion As A Result Of Russia Sanctions

Russian Deputy Foreign Minister Alexander Grushko, during the Eurasian Economic Forum, said that the EU lost $1.5 trillion as a result of Russia’s sanctions. According to Russian Deputy Foreign Minister Alexander Grushko, the European Union has lost almost $1.5 trillion overall as a result of the sanctions and the suspension

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Dutch Banks Fail To Freeze Russian Assets Due To Typos

A study conducted by the De Nederlandsche Bank (DNB), the Dutch Central Bank, has revealed that Dutch banks fail to freeze Russian assets due to typos. A third of Dutch financial institutions are unable to trace and freeze blacklisted Russian assets due to translation errors in account owners’ surnames, undermining

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