Section: Economy

      Australia sanctioned Iran and Russia for violation of human rights and war in Ukraine
      Dec10

      Australia sanctioned Iran and Russia for violation of human rights and war in Ukraine

      The press service of the Minister of Foreign Affairs of Australia Penny Wong noted on December 10, 2022, that the Australian government introduced sanctions under the “Magnitsky Act” against 13 individuals and two legal entities from Russia and Iran in response to the violation of human rights and the invasion of Ukraine. Source: The...

      USA is ready to allocate $94M for demining of Ukraine and Canada $15M
      Dec10

      USA is ready to allocate $94M for demining of Ukraine and Canada $15M

      Mary Hakobyan, Deputy Minister of Internal Affairs of Ukraine noted on December 9, 2022, that partner states were ready to allocate significant sums to aid in demining of Ukraine. Source: Mary Hakobyan, Deputy Minister of Internal Affairs of Ukraine “The issue of demining Ukraine concerns not only us, but also many of our partners abroad,...

      EU introduced the 9th package of sanctions against Russia: details
      Dec08

      EU introduced the 9th package of sanctions against Russia: details

      The President of the European Commission Ursula von der Leyen noted on December 7, 2022, that the European Union implemented the 9th package of sanctions against Russia, as it “continues to bring death and devastation to Ukraine”. Source: The President of the European Commission Ursula von der Leyen “This list covers key figures...

      Norway will transfer €14.5M to the EU Military Assistance Mission to Ukraine
      Dec07

      Norway will transfer €14.5M to the EU Military Assistance Mission to Ukraine

      The European Council noted on December 6, 2022, that the European Union and Norway had signed an agreement under which Norway would transfer 14.5 million euros to the European Union Military Assistance Mission in support of Ukraine (EUMAM Ukraine). This is an unprecedented step for a country that is not a member of the European Union. Source: The...

      EU oil sanctions against Russia entered into force
      Dec05

      EU oil sanctions against Russia entered into force

      EU oil sanctions against Russia came into effect today on December 5, 2022. Source: The European Council “The Council decided today to set an oil price cap for crude oil and petroleum oils and oils obtained from bituminous minerals (CN code 2709 00) which originate in or are exported from Russia, at USD 60 per barrel. The level of the cap...

      Austria will allocate more than €600M to the medical infrastructure of Ukraine
      Dec03

      Austria will allocate more than €600M to the medical infrastructure of Ukraine

      The head of the Ministry of Health of Ukraine Viktor Lyashko noted on December 2, 2022, that the Verkhovna Rada of Ukraine ratified the framework agreement with the Austrian government on the creation of the National Rehabilitation Center in Lviv (the largest city in western Ukraine), and the construction and equipping of the National specialized...

      European Union and the G7 countries agreed to introduce the price cap for Russian oil
      Dec03

      European Union and the G7 countries agreed to introduce the price cap for Russian oil

      The President of the European Commission, Ursula von der Leyen, announced on Twitter on December 2, 2022, the purpose of the restriction on sea imports of Russian crude oil, which the EU countries and its G7 partners will apply from December 5 of this year. Source: The President of the European Commission Ursula von der Leyen “The EU...

      EU controls about €300B of the financial resources of the Russian central bank
      Dec02

      EU controls about €300B of the financial resources of the Russian central bank

      EU High Representative Josep Borrell noted on December 2, 2022, that the European Union provided and would continue to provide active support to Ukrainian and international law enforcement officers in the investigation of atrocities committed by Russian troops on the territory of Ukraine, and would coordinate international efforts to bring to...

      Russia caused $9B worth of damage to the Ukrainian city of Kharkiv
      Dec02

      Russia caused $9B worth of damage to the Ukrainian city of Kharkiv

      The mayor of Kharkiv Igor Terekhov said on December 2, 2022, that about 500 houses in Kharkiv (a city in eastern Ukraine) would be impossible to restore. Estimated losses due to the war – 9 billion dollars. Source: The mayor of Kharkiv Igor Terekhov “There are about 300 houses that we will not be able to restore because of structural...

      Switzerland has frozen 7 billion euros worth of Russian assets
      Dec01

      Switzerland has frozen 7 billion euros worth of Russian assets

      The Ministry of Economy of Switzerland noted on December 1, 2022, that it updated information on frozen Russian assets. The total amount of assets frozen in Switzerland due to Russia’s aggression against Ukraine reached 7.5 billion Swiss francs (7.2 billion euros). Source: The Ministry of Economy of Switzerland “As of 25 November, CHF...