sanctions

Russia’s oil revenues hit multi-year lows due to sanctions, EU and U.S. restrictions, and shifting trade with India, forcing Moscow to raise taxes and borrow.

President Zelensky signs decrees on sanctions against individuals supporting Russia. The restrictions include synchronization with Canada and sanctions for 28 people.

Zelensky emphasized the importance of negotiations to end the war, but stated that Russia is obstructing leader meetings. Diplomacy and sanctions are possible pathways to peace.

The U.S. offers up to $6 million for information leading to the arrest of executives from Garantex crypto exchange, accused of bypassing sanctions.

Sony has officially ended its operations in Russia, liquidating its subsidiary after supporting Western sanctions and the Ukraine invasion.

Trump signed an executive order imposing a 25% tariff on imports from India, related to Russian oil, as part of a strategy to pressure countries trading with Russia.

Despite sanctions, Russia increased its revenues from energy exports, earning over $80 billion in 2024. The European Union remains its main buyer.

Finnish President says Trump is losing patience with Russia over its delay in ending the war in Ukraine; US preparing new sanctions targeting Russian energy trade.

Trump may lift Syria sanctions in exchange for access to resources and permission to build Trump Tower in Damascus. Joining the Abraham Accords is also discussed.

An Iranian supertanker, inactive for a long time, has delivered oil to China, bypassing U.S. sanctions and revealing the ongoing activity of a “shadow fleet.”