EU court rejects Russian firms’ request to repeal sanctions

The European Court of Justice dismissed an appeal to cancel EU sanctions filed by Russian companies including Gazprom Neft and Rosneft as well as several Russian bankson Thursday. The court resolution confirmed that sanctions were applied correctly. The judges underscored that the purpose of sanctio...

Locked content Putin criticizes protectionism and sanctions

Russian President Vladimir Putin said during Eastern Economic Forum (EEF) in Vladivostok that protectionism more often becomes a challenge for the global economy. “The world and global economy are coming up against new forms of protectionism today with different kinds of barriers which are inc...

CBOS: 68 percent of Poles support sanctions

According to a poll conducted by CBOS (Public Opinon Research Center) almost half of Poles believe that the EU’s current sanctions against Russia are too small in scale. About 22 percent believe that they are appropriate in scale. The poll, conducted on June 11-14 on a random sample of 1,011, asked ...

Locked content Walesa: Repeal sanctions against Russia

During a visit in Naples, Italy to receive the “People for Peace and Culture” award at the Naples Institute of Southern Culture, former Polish president Lech Wałęsa expressed his dissaproval for renewing sanctions against Russia. As Ansa reports, Wałęsa stated that the sanctions had gravely affected...

Locked content Russia implements new sanctions?

Russia imposed banking sanctions on 41 countries, including EU members, the media reported. Legal and natural persons from black-listed countries will be subject to the same verifying procedures as entities suspected of financing terrorism. Lenders and other banking institutions are obliged to repor...

Locked content Brussels and Washington for imposing more severe sanctions on Russia

The US secretary of the treasury and the EU commissioner for the euro agreed that sanctions imposed on Russia should be maintained. Secretary Jack Lew called Russia to stop supporting separatists in Eastern Ukraine. The diplomats met in Brussels on Monday. “We can see that the sanctions have been wo...

Locked content MFA denies lifting EU sanctions against Russia

Poland’s Ministry of Foreign Affairs has issued a statement denying media reports about the possible lifiting of the EU’s sanctions against Russia. “The aim of the so-called technical package, adopted on 5 December, was only to eliminate loopholes in the sanctions regime against Russia b...

Locked content Russia will not limit trade with Europe; feels sanctions

Alexey Ulyukaev, Minister of Economic Development of the Russian Federation said in an interview with Frankfurter Allgemeine Zeitung that Russia is feeling the sanctions that have been placed upon her and that it does not seek to limit its trade with Europe in favor of ties with China. “Our tr...

Locked content Further sanctions to be implemented

Further EU sanctions on Russia are to take effect starting friday. Although, Brussels does consider a change of policy contingent on the development of the situation in Eastern Ukraine. A Wednesday meeting of EU representatives revealed disagreement in further discussion about sanctions. Finland, su...

Locked content EU delays new sanctions against Russia

Ambassadors of EU member states have agreed to extend sanctions against Russia, but the enforcement of the restrictions has been postponed due to a ceasefire in eastern Ukraine. “The sanctions aim at promoting a change of course in Russia’s actions destabilising eastern Ukraine,” said European...