Section: Sanctions
USA sanctioned individuals and organizations involved in the transfer of Iranian drones to Russia
The Ministry of Finance and the US State Department announced on November 15, 2022, the introduction of sanctions against organizations and individuals who participated in the development and transfer of Iranian drones to Russia, which were used to attack Ukrainian cities. Source: The Office of Foreign Assets Control (OFAC) of the US Department...
US has imposed sanctions against 42 individuals and companies that help Russia buy weapons
The US Department of the Treasury’s Office of Foreign Assets Control announced on November 14, 2022, sanctions against a transnational network of 42 individuals and entities that procured technology for Russia’s military-industrial complex. Source: US Department of the Treasury It is claimed that the network, together with intermediaries,...
Canada froze Russian property and funds worth about $330 million
Royal Canadian Mounted Police noted on November 7, 2022, that more than 412 million Canadian dollars (about 330 million US dollars) were blocked in Canada as part of the implementation of anti-Russian economic sanctions for violating the sovereignty of Ukraine. Source: Royal Canadian Mounted Police (RCMP) “Since February 24, 2022, the RCMP...
Britain has frozen 18 billion pounds worth of Russian assets
The British government announced on November 10, 2022, that it had frozen assets totalling £18 billion ($20.5 billion) owned by Russian oligarchs and other individuals, and entities sanctioned over Russia’s invasion of Ukraine. Source: Andrew Griffith, Economic Secretary to the Treasury of the UK “We have imposed the most severe...
Hungary blocks EU aid package worth of €18B for Ukraine
On November 9, 2022, it became known that Hungary told EU finance ministers at a Brussels meeting, that it would not support any changes necessary to prepare a EUR 18 billion aid package for Ukraine. Source: Hungarian officials The European Commission will propose to Kyiv soft loans on a more steady basis on November 9, 2022. However, this...
Luxembourg froze 5.5 billion euros of Russian assets
Luxembourg’s Foreign Minister Jean Asselborn said during his speech in parliament on November 8, 2022, that Luxembourg has frozen 5.5 billion euros of Russian individuals and legal entities, which is about a third of all Russian assets blocked on the territory of the European Union. Source: The Minister of Foreign Affairs of Luxembourg Jean...
G7 threatened Belarus with consequences for supporting Russia in the war against Ukraine
If Belarus provides more active support to the Russian Federation in the war against Ukraine, it will face devastating costs, the representatives of the G7 and the EU have warned in their joint statement on November 4, 2022. Source: The representatives of the G7 and the EU The G7 countries and the European Union once again called on Belarus to...
Switzerland imposed sanctions against Iran due to the supply of drones to Russia
On November 2, 2022, it became known that Switzerland has joined the European Union sanctions against Iran in connection with its supply of kamikaze drones to Russia. Source: The government of Switzerland “The Federal Department of Economic Affairs and Energy (EAER), which is responsible for sanctions, has decided together with the Federal...
Norway introduced sanctions against 30 Russian individuals and 7 legal entities
Norway has introduced a new package of sanctions against Russian President Vladimir Putin and the Russian regime. They will come into force on October 28, 2022. Source: The Foreign Minister of Norway Anniken Huitfeldt The new sanctions are in line with those recently introduced by the EU. The Norwegian Foreign Minister Anniken Huitfeldt said that...
EU froze Russian assets worth 17.5 billion euros
Christian Wigand, the representative of the European Commission noted on October 27, 2022, that assets of 1,350 Russian individuals and organizations subject to EU sanctions were frozen. Accounts, real estate and yachts of such persons are tracked and frozen by EU member states. Source: Christian Wigand, the representative of the European...