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Tag: sanctions

Energy crisis: Could Italy's next government drop Russian sanctions? – BBC News

Energy prices have become a key issue in Italy’s upcoming election. Polls suggest a coalition led by the far-right is likely to win, with some of its members talking about dropping sanctions against Russia, because of the energy crisis. Italy’s favourite to become prime minister, Giorgia Meloni, has been firmly behind Italy’s current government’s supportive position towards Ukraine. However, her coalition partners Matteo Salvini and…

Russia warns Lithuania of consequences over rail transit sanctions – BBC News

Russia has warned Lithuania of “serious” consequences after it banned the rail transfer of some goods to the Russian territory of Kaliningrad. Kaliningrad – a strategic region where Russia’s Baltic Fleet is headquartered – has no border with mainland Russia. The western territory was annexed from Germany after World War Two in 1945 and is bordered by EU and Nato members Lithuania and Poland. Lithuania…

EU disagreements stall progress on proposed Russia sanctions

European Union hoped to show a united front in advance of Monday’s summit in Brussels. But disagreements about Russian energy imports have stalled progress on proposed sanctions meant to punish Russia for its war in Ukraine. There was some optimism that the deadlock over the sixth round of sanctions could be broken, but those hopes were dashed by the EU leader with the friendliest relations…

How is Russia's economy performing under Western sanctions? | Inside Story

Western nations imposed some of their strongest ever sanctions on Russia as punishment for invading Ukraine. The measures were meant to cripple its economy. But the Ruble is trading at a two-year high against the U.S. dollar, and revenues from energy exports are up. Still, the International Monetary Fund expects the economy to shrink by 8.5 percent this year. So what is the real picture?…

Russia's economy begins to feel sanctions effect

Russians are only just starting to see the effect the war is having on their economy, as sanctions and international isolation begin to bite. From inflation to supply chain logistics, every corner of the economy will feel the effect. Al Jazeera’s @Bernard Smith has more from Moscow. – Subscribe to our channel: http://aje.io/AJSubscribe – Follow us on Twitter: https://twitter.com/AJEnglish – Find us on Facebook: https://www.facebook.com/aljazeera…

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