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Europe News

EU agrees new sanctions on Russia, with an import ban on diamonds

The European Union agreed on Monday to slap Russia with a fresh round of sanctions that includes the long-awaited ban on diamonds, a valuable revenue stream for the Kremlin that has until now remained untouched.

Europe News

Brussels rows back on plan to tax frozen Russian assets

Seizing the money in retaliation for the Ukraine war could breach international law, officials worry

Economy

How EU countries could cut off the remaining Russian gas imports

A new proposal would make it easier for EU member states to phase out Russian gas completely.

Lithuania

Children of Russian oligarch Abramovich have Lithuanian passports

The Interior ministry confirmed the findings of a Lithuanian investigative journalism centre which collaborated with an international investigation.

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Russia

Russian foreign minister to visit first NATO country since Ukraine war

Sergei Lavrov will attend an OSCE meeting in the North Macedonian capital Skopje later this week.

Business

Turkey faces scrutiny as exports to Russia surge

Turkey's significant increase in exports of critical goods to Russia sparks fears of sanctions evasion, leading to urgent diplomatic discussions and potential ramifications for Turkey's relations with NATO.

Markets

French exporters see only limited market loss from Russian sanctions

The effectiveness of European sanctions on Moscow has been called into question, as Russia is still able to access European products via its neighbours.

Norway

Russians living in this town are divided over war in Ukraine

This small Norwegian town lies right on the Russian border, and Moscow's full-scale invasion of Ukraine is having repercussions on its inhabitants.

Business

Financial crime and Russian oligarchs: How Cyprus vows to crackdown

The Cypriot president has reached out to an unnamed 'third country' to help with investigations into alleged evasions of sanctions against Russia by oligarchs.

Business

EU Russian sanctions stymied by complexity, poor enforcement

Economic punishments for the Ukraine invasion are still too easy to avoid, some lawmakers say.

Economy

UK facilitates corruption by Central Asian elites, says new report

The UK’s powerful financial sector “bears some responsibility for the continuation of corruption and kleptocracy by Central Asian elites”, according to a British parliamentary report, which also noted the government’s responsibility in the matter.

Markets

How a dark fleet of ships is helping Russia evade oil sanctions

A dark fleet, untraceable operators, and discounts helped Russian oil trade flow despite Western sanctions in the last 18 months.

Economy

Why is Denmark being tasked with blocking Russian oil tankers?

Copenhagen's mission will be backed by laws that allow states to inspect ships suspected of posing an environmental threat.

Europe News

New round of EU sanctions against Russia targets diamond imports

The European Commission has sent member states an official proposal for a new round of sanctions against Russia, targeting imports of diamonds.

Travel News

Where are Russian private jet owners flying under travel sanctions?

Russian private jet owners are switching the French Riviera and the Seychelles for Dubai and Turkey.

Economy

Russia scorns latest round of US sanctions over war in Ukraine

The Kremlin has dismissed sanctions from Washington just days after Putin’s bedbug jibe over potential EU export bans.

Business

Russian oligarch Kuzmichev detained in France over sanctions probe

Considered by the EU to be one of Russia's most influential people, Alexey Kuzmichev has been detained by French police for questioning.

Europe News

EU vows to tax Russia's immobilised assets for Ukraine reconstruction

Ursula von der Leyen gave more details on Friday about the delayed plan to use the immobilised assets of the Russian Central Bank to pay for Ukraine's reconstruction.

Ukraine

Euroviews. French energy companies have betrayed Macron’s Ukraine pledge

If democracy and sustainability are about to prevail in Europe, then governments should rein over the companies who rush for quick profit at the expense of us all, Andrii Zhupanyn writes.

Europe News

'We're very close' to sanctioning Russian diamonds, says Belgian PM

Western countries are "very close" to establishing a traceability system to sanctioning Russian diamonds, Belgian Prime Minister Alexander De Croo said during a surprise visit of President Volodymr Zelenskyy to Brussels.

Stay up to date with the latest on EU sanctions against Russia over its invasion of Ukraine.