The Central Bank of the Russian Federation announced a new restructuring of the Russian economy: in the face of sanctions and the departure of foreign manufacturers, Russian companies will have to look for new suppliers and build new supply chains. Economists say this could narrow the choice for consumers. How will these...

The EU Aviation Safety Committee has added 21 Russian airlines to the list of carriers that are banned or restricted from flying within the EU because these carriers do not meet international safety standards, Meduza reports. Among the Russian airlines that made it to the list are Aeroflot, Rossiya, Pobeda,…

The United States imposed sanctions against the daughters of Vladimir Putin - Ekaterina Tikhonova and Maria Vorontsova. The President of Russia himself has never publicly admitted that they are his daughters. The publication Ukrainska Pravda told in more detail. “Ekaterina Vladimirovna Tikhonova and Maria Vladimirovna Vorontsova are the daughters of the President of Russia…

The United States on April 4 barred the Russian government from repaying more than $600 million of reserves held in US banks to holders of its sovereign debt, which should increase pressure on Moscow and absorb its dollar reserves, Reuters reported. In accordance with the sanctions imposed after…

Since the outbreak of war in Ukraine, a flurry of Western sanctions has undermined the Russian economy and damaged its financial system. The country is largely cut off from the SWIFT international payment system, its access to $630 billion of foreign exchange reserves is limited, and its assets are…

Russia's war in Ukraine has made the Russian Federation a pariah in the global energy market. With the start of the war, a de facto embargo was imposed on Russian oil, with oil companies, trading houses, shippers and banks applying sanctions at the same time, CNN reports. However, there are now signs that...

More than 400 companies have announced their withdrawal from Russia since its February 24 invasion of Ukraine, according to a list compiled by the Yale School of Management. However, for some brands, it's easier said than done, according to CNBC. President of Ukraine Volodymyr Zelensky in his address…

The US Department of Commerce has published a list of 99 aircraft that have flown to Russia and Belarus since March 2, thus violating US sanctions, the BBC reports. The US Government points out that any form of maintenance of these aircraft in any country in the world ...

A video of Russian citizens fighting for groceries among empty shelves has gone viral on social media, NewsWeek reports. The video was posted on her Twitter page by Lyubov Tsybulska, adviser to the Ministry of Foreign Affairs of Ukraine. The video has received over 230 views so far.…

A bipartisan group of senators on March 15 unveiled legislation calling on the Treasury Department to offer a monetary reward for information that leads to the confiscation of assets belonging to Russian oligarchs under sanctions, in an attempt to increase financial pressure on the Kremlin in connection with the war in ...