The United States restricted trade with five companies on Wednesday that it said help produce and procure drones for use by Russia in Ukraine and by Iran-backed Houthis in Red Sea shipping attacks. The companies from Russia and China were among 11 additions to the Commerce Department’s Entity List, which means suppliers need licenses before...
he U.S. Treasury Department has imposed sanctions on three maritime companies based in the United Arab Emirates (U.A.E.) and three vessels owned by the companies for shipping Russian oil sold above a price cap imposed by the world’s major economies to reduce the amount of oil revenue Moscow has to fund its war in Ukraine....
Last September, I had argued why “a war of arms and a peace of commerce cannot co-exist”. This is a follow up to that and events of the last 2 years sadly reinforce the point. With Russia’s GDP (troublingly) growing by 3.6% in 2023, Putin is overseeing the fastest-growing G7 economy with unemployment at an...
Ramchandra Khadka stood in front of a temple in the middle of Kathmandu, Nepal, praying for his fellow countrymen who are fighting for Russia in Moscow’s war against Ukraine. As the ceremonial bells rang and the sweet smell of incense filled the air, he lit candles and offered flowers to a deity. All he wants...
The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine. The action, one day before the second anniversary of Russia’s invasion of Ukraine, essentially bans U.S. shipments to the targeted...
Banned broadcaster RT has ramped up its presence in the UAE and other countries neutral over Russia’s illegal war in Ukraine in a propaganda push to rehabilitate Vladimir Putin. The Kremlin-controlled news channel, formerly known as Russia Today, was banned in the UK and EU, and blocked in the US, after the February 2022 invasion. It...
“The UAE Has Become Russia’s Main Trading Partner In The Arab Region” “Russia’s policy in the Middle East in 2023 was particularly active. Moscow managed to improve relations with Arab countries and Iran, strengthen dialogue with Turkey and maintain normal relations with Israel. All this was the result of strict adherence to the two diplomatic...
Blood Gold Report: Key Findings The Kremlin has earned more than US$2.5 billion from trade in African gold since Vladimir Putin launched his full scale invasion of Ukraine in February 2022. In the Central African Republic (CAR), a Wagner front company has been awarded exclusive rights to the Ndassima mine, the country’s largest gold mine, in return...
On Friday, the 1st of December, the presidents of Latvia, Lithuania and Poland boycotted the joint photo session of state leaders at the 28th session of the United Nations Framework Convention on Climate Change in Dubai (COP28) because Belarusian President Aleksandr Lukashenko participated in it. “It would be hypocritical to stand shoulder to shoulder with...
The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors. Britain sanctioned on Wednesday a network of companies based in the United Arab Emirates (UAE) that it accuses of being responsible for channeling more than $300 million in gold revenues to...