Tag: Region Europe
Poland no longer sending arms to Ukraine, as trade dispute escalates
WARSAW, Poland (AP) — Poland’s prime minister said his country is no longer sending arms to Ukraine, a comment that appeared aimed at pressuring Kyiv and put Poland’s status as a major source of military equipment in doubt as a trade dispute between the neighboring states escalates. Prime Minister Mateusz Morawiecki said in an interview late on Wednesday that Poland is no longer transferring weapons to Ukraine. He made the comment as his populist party faces pressure from a…
Zelenskyy returns to Washington as GOP dissent grows to funding war
WASHINGTON (AP) — Ukrainian President Volodymyr Zelenskyy returned to Washington on Thursday for a whirlwind one-day visit, this time to face the Republicans now questioning the flow of American dollars that for 19 months has kept his troops in the fight against Russian forces. Zelenskyy arrived at the Capitol to talk privately with Republican and Democratic leaders of the House and Senate as the world is watching Western support for Kyiv. He will also meet with President Joe Biden…
Austria to buy four Embraer C-390 cargo planes for over $500 million
GRAZ, Austria — The Austrian Air Force will buy four Embraer C-390 “Millennium” aircraft to replace its aging fleet of three C-130 “Hercules” cargo planes in a deal that is expected to be worth more than half a billion Euros ($532 million), the defense ministry announced on Wednesday. Austria’s current fleet of turboprop transporters was purchased second-hand 20 years ago. The planes are now 56 years old. To prolong their service life, an upgrade of almost €37 million would…
NYT: Evidence Suggests Ukraine Carried Out Missile Strike on Ukrainian Market Which They Blamed Russia
Ukrainian forces carried out a missile strike on a market in eastern Ukraine and then falsely blamed Russia for the attack, according to analysis from the New York Times. From The New York Times, “Evidence Suggests Ukrainian Missile Caused Market Tragedy”: The Sept. 6 missile strike on Kostiantynivka in eastern Ukraine was one of the deadliest in the country in months, killing at least 15 civilians and injuring more than 30 others. The weapon’s payload of metal fragments struck a…
European council and UK government announce new Russia sanctions
On 15 March 2022, the European Council introduced a fourth package of sanctions against Russia. The move follows an informal meeting attended by EU heads of state and government on 10-11 March. The sanctions target entities and individuals. Measures include: Bans on: Transactions with certain state-owned companies which are already subject to refinancing restrictions Providing credit rating services (and access to any subscription services in relation to credit rating activities) New investments in the Russian energy sector Subjecting a greater number…
Expropriation and other recent measures aimed at foreign investors in Russia
As a reaction to the international sanctions following the Russian invasion of Ukraine, the Russian government enacted several economic retaliatory measures that could significantly impair foreign investments in Russia or contracts concluded with Russian companies. Below, we outline the various measures currently discussed and/or already in force and provide you with information on investment protection and related legal instruments at your disposal if you are affected by these measures. The situation regarding the various measures in force or in preparation…
EU adopts fifth package of sanctions against Russia
The European Council has today (08 April 2022) adopted a fifth package of sanctions against Russia, with a view to putting pressure on Russia’s economy and limiting its capacity for aggression against Ukraine. Key sanctions include: – Prohibitions on: – The purchase, import or transfer of coal and other solid fossil fuels into the EU if they originate in Russia or are exported from Russia, effective as of August 2022. – Vessels registered under the flag of Russia accessing EU ports (subject…
Update: UK Government announces new Russia sanctions
On 06 April 2022, the UK Government announced a new package of economic sanctions against Russia. Building on the approach previously taken, the sanctions target business elites, banks and strategic industries, including iron and steel. Additionally, the Government has announced measures to undermine the capabilities of the Russian energy sector and has committed to ending all dependence on Russian oil and coal by the end of 2022, with imports of Russian gas to end as soon as possible thereafter. The…
UK Government announces 14 new Russian sanctions
On 31 March 2022, the UK Government announced 14 new Russian sanctions, targeted primarily at state-owned media organisations and Russian propagandists. Those subject to the new sanctions will have their UK assets frozen and no UK citizen or company will be able to do business with them. Individuals subject to travel bans will also be prohibited from travelling to or from the UK. The entities and individuals sanctioned are: TV-Novosti – the organisation that owns RT Rossiya Segodnya…
UK announces new sanctions targeting Russian war leaders
The UK government has today (21 April 2022) announced 26 new sanctions, targeting Russian military leaders, and individuals and entities supporting the Russian military. The sanctions follow “intelligence which reveals intentional bombing of critical and civilian infrastructure in Mariupol”. The sanctions will be introduced under either the “standard” process or the “fast-track” process, with the latter being used for individuals and entities being targeted “in alignment with global partners from the G7 and the EU”. Individuals and entities sanctioned under…
