Russia's Foreign Ministry has vowed to take "effective and harsh retaliatory measures" against new EU sanctions imposed on June 15, targeting Russian individuals and companies, as well as some foreign entities. Spokeswoman Maria Zakharova stated the sanctions are self-defeating and harm the EU and global security.
Russian newspapers highlight US influence in Ukraine peace talks, a potential US-Iran framework agreement to end hostilities, and the EU's 21st sanctions package against Russia. Market news covers gold price drops due to US rate hike expectations and forecasts for rising aluminum prices.
Slovak MEP Judita Lassakova stated that EU sanctions against Russia will ultimately harm ordinary citizens in the bloc. Speaking to TASS at the St. Petersburg International Economic Forum, she criticized the "sweeping economic restrictions" and called for "common sense" in dealing with Russia, highlighting Slovak PM Robert Fico as a "sensible voice."
Kremlin spokesman Dmitry Peskov discussed preparations for State Duma elections, EU sanctions plans, and the sick leave of Central Bank Governor Elvira Nabiullina. He also expressed concern over US-Iran escalation, warning of global economic consequences.
Russian President Vladimir Putin described EU sanctions targeting organizations where children spend their summers as "nonsense" and a "disgrace" to their authors, questioning the logic and expected effect of such measures.
Hungarian Prime Minister Peter Magyar stated that Hungary would support anti-Russian sanctions if there is unanimous agreement within the European Union. This comes as the EU prepares for its 21st package of restrictions, with Hungary having previously blocked aid to Kyiv and sanctions against Russia.
France has reduced border checks at Dover port following chaotic delays over a busy bank holiday weekend. Meanwhile, the EU reportedly rejected a UK proposal for a single market in goods, and Hungary's foreign minister will visit Brussels to discuss unfreezing funds.
France has called for EU sanctions against Israeli Minister Itamar Ben-Gvir, citing "unacceptable actions" against French and European citizens during the "Global Flotilla of Steadfastness." French Minister Gérald Darmanin stated that while France disagrees with the flotilla's approach, it cannot tolerate the threat or mistreatment of French citizens by a public official.
Israel deported approximately 430 foreign activists from the Global Sumud Flotilla after intercepting them near Cyprus. The activists were attempting to break the Gaza blockade. International outcry followed, with Italy calling for EU sanctions against Israeli National Security Minister Itamar Ben-Gvir for his "unacceptable" treatment of the detainees.
German automakers are experiencing renewed chip supply difficulties after the EU added Chinese manufacturer Yangzhou Yangjie Electronic Technology (Yangjie) to its sanctions list. This loss of a key supplier, which had been compensating for earlier shortages from Nexperia, is causing concern among German companies.
The German automotive industry is experiencing new semiconductor supply challenges after the EU sanctioned Chinese firm Yangjie, a key supplier that had partially replaced Nexperia. Companies are seeking alternatives, but competitors are at full capacity, leading to concerns about market stability.
Banks, military companies and firms selling stolen Ukrainian grain also face penalties as bloc sees opportunity to turn screws on Russia.
The EU's 20th sanctions package includes a ban on operations with Murmansk port, which an expert says is an attempt to halt Russian Arctic development. Alexey Fadeyev, Doctor of Economics, called it a direct confirmation of the port's strategic importance for the Russian economy and the Trans-Arctic Transport Corridor. He noted there is no evidence the port is used to circumvent sanctions.
Jakarta’s move to press on with importing 150 million barrels of Russian oil despite latest EU sanctions against an Indonesian port underscores a growing divide between Western efforts to isolate Moscow and Asia’s push for energy security. On Thursday, the European Commission announced its 20th package of sanctions against Russia, which includes Indonesia’s Karimun Oil Terminal for its “connections with the shadow fleet and circumvention of the oil price cap”. The sanction on Karimun, located in...
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The European Commission made its move in response to Russia's increasing reliance on crypto transactions to circumvent sanctions amid the country's war on Ukraine.
The European Union’s latest Russia sanctions package, its twentieth so far, brings crypto settlement squarely into an already fractured geopolitical spotlight. Adopted on April 23, the package adds 120 new listings and rolls out financial measures that touch just about every corner of Russia’s crypto scene. That includes service providers, decentralized trading platforms, ruble-backed tokens, […] The post EU sanctions Russian crypto usage for 20th time adding bans on digital rubles and anyone using Russian crypto services appeared first on CryptoSlate.
Russia has significantly expanded the list of representatives of European institutions banned from entering the country in response to the 20th package of EU sanctions. The Russian Foreign Ministry stated the new European sanctions grossly violate international law and are incapable of influencing Russia's foreign policy. The restrictive measures target representatives of European institutions, EU member-states, and other European countries, as well as civil activists, academic community members, and parliamentarians holding positions hostile to Russia.
The Chinese Ministry of Commerce has condemned the EU's inclusion of Chinese companies in its latest anti-Russian sanctions package, vowing to take necessary measures to protect its businesses and demanding their immediate removal from the list.
The European Union has imposed sanctions on the Belarusian Oil Company, Volat-Sanjiang, and China's Space Sanjiang Group as part of the 20th anti-Russian sanctions package. The Belarusian Oil Company is targeted because its management is appointed by President Alexander Lukashenko. China Space Sanjiang Group becomes the first Chinese state-owned company blacklisted under the Belarus sanctions regime for supporting Belarus's military-industrial complex.
Sanctions affected Tuapse, Komsomolsk, Angarsk, Achinsk, Syzran, Ryazan and Afipsky refineries
Viktor Orbán's electoral defeat removes Israel's most dependable EU ally, potentially enabling new sanctions on violent West Bank settlers and suspending the EU-Israel Association Agreement. His successor Péter Magyar indicated Hungary may no longer block EU decisions on Israel, while Italy has already suspended defense ties and Germany expresses deep concern over Palestinian territories.
