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World

Ukraine can’t have NATO-style security guarantees from the West, Germany says

BERLIN — Western countries are willing to safeguard Ukraine’s future existence with security guarantees but they can’t amount to a similar level of protection as the NATO military alliance provides, German Chancellor Olaf Scholz said Wednesday. Countries like the U.S., U.K., Germany and France have started discussing with Ukraine how to ensure that a potential […]

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World

Putin under pressure as Kremlin growing ‘upset’ over sanctions ‘Some unrest in Moscow’

Former special assistant to the US Presidency William Courtney says Russia’s economy is taking a major hit amid the flurry of economic sanctions by Western countries over the Ukraine war. While the Kremlin appears to shrug and turn a blind eye to Russia’s economic reality, Russian citizens are taking the brunt of sanctions and have […]

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Finance

Brussels pushes for tougher sanctions enforcement via EU-wide body

Senior Brussels officials are discussing the creation of an EU-wide sanctions authority, as they push for tougher and more consistent enforcement of penalties related to the war in Ukraine. Mairead McGuinness, financial services commissioner, said officials were open to introducing an EU version of the Office of Foreign Assets Control (Ofac), the powerful US Treasury […]

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Science

Putin’s ‘leverage’ over Europe exposed as ‘hungry’ China helps sidestep sanctions

Professor Samir Dani revealed that, although gas prices were rising before the war, Russia has exacerbated the crisis, using its resources as “leverage” against European states highly dependent on Russian gas. He added that Russia is now pivoting towards China, spurred by Europe’s plans to go green and its reluctance to continue buying Russian energy. […]

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Sports

LIV players threaten DP World Tour with legal action unless sanctions are rescinded

“To this end, we ask that you rescind your fines and suspensions by 5pm on Friday, July 1, 2022.” Players have sent an open letter, imploring the DP World Tour to reconsider penalties for joining LIV Golf Series. Last Updated: 30/06/22 10:32pm Players have sent an open letter to DP World Tour Sixteen players have […]

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World

‘Thanks Biden!’ Putin mouthpiece claims US sanctions ‘paying’ for Ukraine war

Russia1’s Solovyov made a point of recognising President Biden as “our agent” as the Kremlin propagandist gloated over the extra revenue Russia has been able to cash in as a result of US sanctions on oil. The Russian state TV host boasted that Vladimir Putin’s war in Ukraine was a net benefit to the Kremlin’s […]

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Business

U.S. blocks gold imports from Russia in latest round of sanctions targeting Putin’s war

The Treasury Department on Tuesday announced that the U.S. and a handful of key economic allies will prohibit imports of Russian gold, Moscow’s largest export outside of the energy sector. The expanded sanctions represent the latest effort by the U.S. and some of its Group of Seven partners to target Russian President Vladimir Putin and […]

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World

Prime Minister announces additional sanctions in support of Ukraine

Canada is committed to standing in unity to support the government and people of Ukraine in their fight for a peaceful, prosperous, and democratic future. We will continue to stand shoulder-to-shoulder with Ukraine as it seeks to defend itself from Russian aggression. The Prime Minister, Justin Trudeau, today announced that Canada will be imposing additional […]

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World

War and sanctions keep Ukraine and Russia tourists from Adriatic coast

BECICI, Montenegro, June 22 (Reuters) – The once ubiquitous Russian signs along Montenegro’s picturesque Adriatic coast have all but disappeared as the war in Ukraine and sanctions against Russia keep tourists from those countries away from one of their favourite destinations. Adriatic resorts in Croatia, Montenegro and Albania, NATO members that have joined international sanctions […]

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World

Russia becomes China’s top oil supplier amid Ukraine war sanctions

China’s crude oil imports from Russia soared by 55% from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via the east Siberia Pacific pipeline […]