... legal entities, of which 150 are related to Ukraine. Most of the blocked companies are from the defence or technology sectors and engage in manufacturing dual- use products. The SDN list includes a smaller number of companies blocked for violating US sanctions or interacting with Cuba, Syria, North Korea or Venezuela, including even subsidiaries of major Russian companies (for example, two Rosneft subsidiaries). But neither Rosneft, nor other Russian blue chips have been blocked yet.
The anti-Russia “sanctions from hell” have long been discussed by the initiating countries. They boil down to the US ...
... which is needed by both the military and medics. Cuba has faced fuel shortages as a result of a U.S.-led embargo for years now. Venezuela and a number of other countries have yet to feel the full force of the COVID-19 pandemic, but doctors and the population will likewise be hit hard. The most stable situation right now is in Russia, where the safety margin is greater, and sanctions are not yet that extensive. The principal danger lies in the sanctions blockade of Crimea. However, Moscow has sufficient ...
The PDVSA case raises important questions concerning Russian banks’ strategy regarding U.S. sanctions
In terms of sanctions, February was significant due to reports about certain ties between Russia’s Gazprombank and PDVSA, Venezuela’s monopolist in oil production. On February 10, Gazprombank refuted a report by
Reuters
that PDVSA’s banking accounts had been transferred to the Russian lending institution. Later,
Reuters
shared insider information that Gazprombank had ...
... pleases, should U.S. officials spot something they do not like. But this is of little concern to foreign businesses. The companies are operating, supplying their products and remaining on the production chains.
Ivan Timofeev:
Are US Sanctions Against Venezuela a Regime C
Despite all this, it would be premature to consider this event a change in the sanctions policy against Russia.
The sanctions will grow in size and intensity. Moscow and Washington are a long way from resolving their key contradictions. The political reasons for the sanctions remain, and there are no safety mechanisms in place in the event that new problems ...
... current price crisis is definitely putting the Venezuelan economy to a tough test, with the risk of default looming large. If the sanctions were to escalate, a script which has already been played more than once in the past, that might deliver the final blow. A hypothetical default would also have direct repercussion on China and Russia, which are owed important debts from Venezuela, and earlier in November consolidated a bilateral partnership concerning natural gas.
Check?
So, although the ...