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Tag Archives: sanctions

EU imposes more sanctions on Russia

Brussels, Belgium | Xinhua | The European Union on Thursday imposed more sanctions on Russia over its conflict with Ukraine, including a ban on gold imports and the tightening of export controls on high-technology goods. The “reinforced, prolonged EU sanctions against the Kremlin send a strong signal to Moscow: we will …

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Iran says to gradually eliminate dollar in trade with Russia

Tehran, Iran | Xinhua | Iran’s chief banker said the U.S. dollar will be gradually eliminated from Iranian-Russian economic transactions, the official news agency IRNA reported on Thursday. The trade volume between Iran and Russia stood at 4 billion U.S. dollars, which can be conducted through the Iranian currency rial and …

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Iran pursues dynamic diplomacy to counter U.S. isolation

Tehran, Iran | Xinhua | U.S. President Joe Biden’s first Middle East tour meant to rally support to counter what he called “Iranian threats” is most likely to see a watered-down achievement, given Iran’s sustained efforts to improve relations with neighbors and other countries in the region, analysts said. A handful …

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EU to ban Russian gold imports in new sanctions package

Brussels, Belgium | Xinhua | The European Commission on Friday adopted a proposal for a seventh package of measures that will ban the importation of Russian gold. The proposal is part of a new set of measures that are intended to improve the implementation and effectiveness of the EU’s six earlier …

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UN Security Council renews sanctions on DRC

Security Council’s sanctions on the DRC are designed to curb the violent activities of armed groups United Nations | Xinhua | The United Nations Security Council on Thursday renewed the sanctions imposed on the Democratic Republic of the Congo (DRC). Adopting resolution 2641 by a vote of 10 in favor to …

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Russia legalizes parallel imports amid Western sanctions

Moscow, Russia | Xinhua | Russian President Vladimir Putin signed a bill into law on Tuesday legalizing “parallel imports” in the country in a bid to stabilize prices amid Western economic sanctions. The law protects Russian companies that import certain categories of goods without the permission of the intellectual property owner, …

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G7 summit concludes, pledging new sanctions on Russia

Elmau, Germany | Xinhua | The leaders of the Group of Seven (G7) nations vowed to “continue to impose severe and immediate economic costs” on Russia at the conclusion of their three-day summit on Tuesday. They said they were seeking to impose a “price cap” on Russian oil, but no specific …

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