Tag: Sanctions

New Delhi has increased its energy purchases from Russia over the past three months, delivering substantial quantities of a variety of items in exchange. This is how the Western sanctions have brought Russia and India closer.
According to a Bloomberg report, the seized super yacht of Russian businessman Dmitry Pumpyansky will be auctioned with the proceeds going to J.P. Morgan after he secured a court order in Gibraltar last month allowing the sale of the yacht.
The National Academy of Sciences, which is a key science body, has sanctioned a White House climate official, Jane Lubchenco, who serves as the White House Office of Science and Technology Policy's deputy director for climate and the environment.
Iran is avoiding sanctions by using cryptocurrency. With international cash scarce, Iran is resorting to cryptocurrency to keep imports flowing.
With gas and oil exports accounting for 30 to 40 percent of Russia's budget, Switzerland's position in this wartime equation cannot be underestimated. This is how Switzerland is helping Russia avoid sanctions.
The Russian ruble has undergone an astonishing recovery, surging to levels not seen in almost two years, after losing over half of its value in March owing to Western sanctions. Sergey Kopylov, a junior partner at consultancy firm BSC and a lead researcher at Plekhanov Russian University of Economics, unravels the mystery of the rising ruble.
The sanctions imposed on Russia by the West to punish it for its military action in Ukraine have caused Beijing to conduct massive stress tests modeling the impact of Russia-style sanctions on China.
Russian Foreign Minister Sergey Lavrov stated on Sunday that more than $300 billion was robbed from Russia, the bulk of which was payouts for oil and gas deliveries, since energy giant Gazprom was required to deposit money in Western bank accounts.
China is undertaking significant measures to brace for possible future US sanctions, such as those placed on Russia's financial sector, with authorities recently holding an emergency session of domestic and international institutions to discuss how the nation's overseas assets can be best protected. To counter this, China held secret bank meetings to plan for protecting assets from US sanctions.
According to individuals acquainted with the situation, India is set to buy stakes in offloaded western oil companies in Russia.