sanctions

EU sanctions against Russia boomerang back on member countries

By Rhod Mackenzie Europe has officially acknowledged its member economies face a significant economic downturn: by year-end, GDP will decrease in ten EU member states. These include not only “lagging behind” nations, such as Poland, Lithuania and Latvia, but also some of the leading leading economies. Conversely, predictions for the Russian economy  are optimistic. The […]

EU again attempts to sanction Russian nuclear fuel but Hungary joined by Slovakia to block them

By Rhod Mackenzie The European Union persists in attempting to introduce sanctions against Rosatom and the Russian supply of  nuclear fuel. They previously tried to implement  sanctions against them during the tenth package of sanctions, and now there is discussion concerning the 12th package. In light of this, who will benefit or who will suffer […]

US congress approved the transfer of frozen Russian assets to Ukraine

By Rhod Mackenzie The Foreign Affairs committee of the US congress has backed the transfer of the Russian assets that are currently frozen abroad to the Ukraine, on the condition that “if necessary, the funds will be transferred to the US government.” However, this idea lacks support within the European Union – where the majority […]

US despite imposing so many sanctions is still dependent on Russian nuclear fuel

By Rhod Mackenzie The United States has acknowledged its reliance on Russian nuclear fuel, and is devising strategies to address it.  However, even they are still struggling to eliminate their use of Russian nuclear fuel. What caused the downfall of the US nuclear industry, and what part did Russia play in it during the 1990s? […]

EU wants to say goodbye to Russian Friendship (Druzhba) oil pipeline

By Rhod Mackenzie The Czech Republic is currently making arrangements to shift its oil refineries to the use of non-Russian oil sources. This is despite Russian oil via pipeline supplies  being exempt from sanctions on it, as well as for Austria, Hungary and Slovakia, Prague appears to think that its oil supplies may halt unexpectedly […]

Backlash Looms as US Ignores Dutch Interests to Hinder China

Illustration: Chen Xia/GT The US doesn’t seem to be hesitant for a second to sacrifice its allies so as to contain China. The tightening chip export restrictions show that it is willing to do whatever it takes to hinder China’s technological development. But that doesn’t mean its allies will unconditionally follow such an extreme approach […]

EU uses Bulgaria to pressure Hungary and Serbia over Russian gas supplies

By Rhod Mackenzie A major political row over gas has erupted between Serbia, Hungary and Bulgaria after Sofia imposed an extra duty on the transit of Russian gas . This move caused outrage in Budapest and Belgrade, who have vowed to respond in kind. The Bulgarian media believe that the levy will disproportionately impact Serbia, […]