Contents tagged with Sanctions on Russia
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US Ambassador urges Russia to evaluate the ‘Kremlin report’ objectively
US Ambassador to Russia John Huntsman called on Moscow to perceive the so-called "Kremlin report" based on its "real, not contrived meaning and without emotions." Relations between the two countries are far from being exhausted by this legal act, he told Interfax.
Huntsman reminded that six months ago, Congress voted to strengthen sanctions against Russia by a majority vote, so there will be no surprises on January 29. He added that this is the implementation of the results of the vote, which …
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Russia says new US sanctions illegal, demands explanations
New US sanctions imposed earlier against Deputy Minister of Energy of Russia Andrey Cherezov and Head of department of this Ministry Evgeniy Grabchak are illegal, said Russian Minister of Energy Alexander Novak, adding that the Ministry would wait for clarifications from the US, TASS reports.
According to Novak, no arguments about the introduction of sanctions were provided. “People are working, performing their functions, government functions, they continue working and such prohibitions only …
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Russian liquefied gas delivered to the United States despite sanctions
Despite the new sanctions against Russian energy companies, which the US Treasury announced on Friday, the first batch of Russian-made liquefied natural has been delivered to the United States this weekend.
As confirmed by Luke Pinneo, the representative of the US Coast Guard, the Gazelys tanker belonging to the French company Engie entered the territorial waters of the United States on Wednesday and is currently anchored in the Gulf of Massachusetts, the Voice of America reports.
"They plan …
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Russia: no sanctions will intimidate us
RIA Novosti reports that Leonid Slutsky, Head of the State Duma Committee on Foreign Relations, told journalists on Friday that new US sanctions are another destructive step aggravating the state of Russian-American relations.
"New US sanctions are a destructive step that aggravates relations between Russia and the United States. It is clear that Washington seeks to achieve its own geopolitical goals, unfair competition and to gain an advantage in global markets," Slutsky said.
In turn, …
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US expands sanctions against Russia
The US has announced new sanctions on a number of Russian companies and individuals involved in Russia’s annexation of the Crimea and violence in in eastern Ukraine, as reported on the website of the US Treasury. Both Russian citizens and citizens of Ukraine involved in the activities of the LPR (Luhansk People’s Republic) and DPR (Donetsk People’s Republic) fell under the sanctions. In particular, the Deputy Minister of Energy of the Russian Federation Andrey Cherezov, the Director of the …
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Kremlin: Russia is ready to be disconnected from SWIFT
The Russian economy is ready to work without being connected to the SWIFT international bank transfer system, stated Russian Deputy Prime Minister Arkady Dvorkovych at the World Economic Forum in Davos.
“It can work without SWIFT, at some point SWIFT did not exist. Of course, all of this is a little slower and not as effective, but it can work,” Dvorkovych said, as cited by TASS and RIA Novosti.
He added that the Russian government hopes that there will be no disconnection from SWIFT, because …
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Kremlin: Russia will respond to new US sanctions
Russia will respond promptly to new US sanctions if they are introduced, said Russian Deputy Foreign Minister Sergey Ryabkov, Izvestia reports.
“We need to wait for developments with respect to the Americans’ announcements of one decision or another. And we will definitely respond,” the diplomat said.
According to the deputy foreign minister, “all possible courses of action are being analyzed, and all response options will be on the Russian president’s table when and if it becomes necessary …
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Italian Eni suspends project with Russian oil conglomerate Rosneft due to US sanctions
The Italian company Eni has suspended its joint drilling with Rosneft in the Black Sea due to the threat of new US sanctions, and is awaiting clarification from the US. A statement to this effect was made by Chairwoman of the Board Emma Marcegaglia at a session of the World Economic Forum in Davos.
“We began drilling in the Black Sea with Rosneft. You know, new sanctions are expected from the US. Of course, before beginning the project, we investigated carefully and, of course, asked for US …
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Kremlin warns Microsoft of multibillion dollar losses if it complies with US sanctions against Russia
Software giant Microsoft could lose several billion dollars’ worth of market revenue in Russia due to US sanctions, said Nikolai Nikiforov, the Minister of Communications and Mass Media of the Russian Federation to journalists on the sidelines of the World Economic Forum in Davos, TASS reports.
"[The sanctions] will end with the fact that Microsoft will lose a market worth several billion dollars in terms of its corporate and government clients in our country," Nikiforov stated. He added that …
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Media: Kremlin has chosen a new bank to serve the Russian military sector
Citing two sources in the government's financial and economic sectors, as well as two financiers familiar with the situation, Kommersant newspaper reports that a special credit organization will be formed as part of Promsvyazbank to work with Armed Services Procurement operations and large state contracts.
On Thursday, January 18, the Ministry of Finance officially confirmed information that has appeared in the media that a special bank would be created in Russia for the needs of the defense …