Euroclear, a Brussels-based clearing house, announced it will transfer €1.55 billion from interest generated by frozen Russian funds to support Ukraine. This decision follows EU and G7 discussions on using Russia’s immobilized assets, totaling €210 billion, sanctioned due to the Ukraine conflict. The first payment will aid Ukraine’s defense, with
EU foreign ministers are seriously considering sanctions against Israel if it defies the ICJ’s order to halt its military operation in Rafah, according to Irish Foreign Minister Micheal Martin, following recent attacks in the area. According to Irish Foreign Minister Micheal Martin, EU foreign ministers have for the first time
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 US bid to crush Russia and China economically by sanctioning them has only driven them closer, with bilateral trade between the nations reaching a new record of $227 billion in 2023. Vladimir Putin arrived in Beijing on Thursday for his first international visit since beginning his new term as
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%
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
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
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