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Sanctions

USA

Trump orders blockade of sanctioned oil tankers to and from Venezuela

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Economy

Italian firms in Russia lead to €1bn boost for Kremlin war coffers

Since the full-scale invasion of Ukraine in 2022, Italian companies paid over €1 billion in taxes to Russia, half of which went to military spending to finance the ongoing destruction of Ukraine.

Business

Swiss firm Gunvor drops plan to buy Lukoil assets after US resistance

“As long as Putin continues the senseless killings, the Kremlin’s puppet, Gunvor, will never get a licence to operate and profit,” said the US Treasury in an X post on Thursday.

Syria

UN lifts sanctions against Syria's al-Sharaa before White House visit

The sanctions relief fulfils the Trump administration's pledges following the US leader's May meeting with al-Sharaa in Riyadh, during which he promised to lift or waive decades-old sanctions against Syria.

France

Risky to stay, costly to go: French companies in Russia face dilemma

Many French corporate giants have withdrawn from the Russian market, either because of the difficulties of doing business in a heavily sanctioned country or the potential PR disaster of staying.

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Ukraine

Zelenskyy: Ukraine strikes cut Russia's oil refining capacity by 20%

Oil exports play a key role in funding Russia's invasion of Ukraine and new sanctions from the EU and US aim to cut into Moscow's oil and gas export earnings.

Russia

Putin dismisses US sanctions, Trump replies ‘We will see'

Russia’s president downplayed the latest US sanctions as an “unfriendly act” which he claims would not have much impact on Russia’s economy or its stance on Moscow’s war in Ukraine. His comments were largely dismissed by Donald Trump, who said, “I am glad he feels this way”.

Europe News

EU leaders kick can down the road on reparation loan for Ukraine

EU leaders have vowed to return to the thorny issue of leveraging immobilised Russian assets as an extraordinary loan to Ukraine in December's summit.

Europe News

Threat of EU sanctions against Israel still on the table, Kallas says

The 27 European ministers of foreign affairs, who were meeting in Luxembourg, considered the situation in Gaza too "fragile" to withdraw possible sanctions against Israel.

USA

Chinese airlines protest US plan to ban flights over Russian airspace

The Kremlin shuts its airspace to US airlines in 2022 in response to Western sanctions over its full-scale invasion of Ukraine.

Europe News

EU envoy calls on the US to rejoin the West on Russian sanctions

David O'Sullivan, the EU's sanctions envoy, told Euronews he hopes the US will return to a policy of applying new sanctions against Russia.

Serbia

US sanctions Serbia's main oil supplier over Russian-majority control

The measures, which Washington has postponed six times, could lead to fuel shortages and price increases in Serbia.

Europe News

MEPs face backlash over controversial meeting with Russian lawmakers

A controversial meeting between European lawmakers and Russian State Duma MPs sparked outrage among other MEPs, who said it violated European Parliament rules and demanded disciplinary action.

France

Captain of oil tanker linked to Russia's shadow fleet to go on trial in France

The ship, which was boarded by the French navy over the weekend, remains off the country's Atlantic coast.

Europe News

MEPs urge support for Iranian civil society three years after Mahsa Amini's death

Repression is intensifying in Iran, warn human rights activists and MEPs.

EU Decoded

Can the EU overcome divergence over sanctions against Israel?

The President of the European Commission proposed punitive measures against Israel for the first time, due to the worsening humanitarian situation in Gaza. However, Ursula von der Leyen acknowledged that approving sanctions will be difficult, given the divisions among  EU member states.

Europe News

EU court annuls Council’s Pumpyanskiy sanctions decision again

The EU Council listed the former Russian businessman on the basis of executive positions he no longer held at the time of the sanctions decision. The court says that's unjustified.

Gaza

Spain increases aid for Gaza and imposes arms embargo on Israel

Spain's government has been an outspoken critic of the war in Gaza, which began after Hamas-led militants killed around 1,200 people in an incursion into southern Israel on 7 October 2023.

Business

Syria resumes oil exports after 14 years, with 600,000 barrels a day

Before 2010, when the protests against Bashar al-Assad led to a civil war in the country, oil provided more than half of Syria's income.

Europe News

Loopholes in ship flagging system undermine sanctions on Russia

As unchecked flagging of ships continues to enable global sanctions evasion, governance must be "radically improved," says a new report by the Royal United Services Institute (RUSI).

Europe News

Belgium to recognise Palestine at the UN General Assembly

Belgium joins the ranks of Australia, France, Canada and the UK, all who have pledged to recognise a Palestinian state at the UNGA next week in a bid to ramp up pressure on the Israeli government to end the war in Gaza and alleviate the ongoing humanitarian crisis.