Sanctions

A report of sanctions on Russian individuals and defense manufacturers not being punitive enough follows new worldwide sanctions imposed this week.

"We are convinced that only together can we resist global challenges," Belarusian President Alexander Lukashenko said.

Multinational oil corporation Shell is currently invested in the venture, as are Japanese companies Mitsui and Mitsubishi.

New data shows that industrial production and manufacturing dropped in May compared to 2021.

"I think that destroying Ukraine would be a colossal mistake, including for us," Oleg Deripaska said.

Russia's foreign ministry has expanded its blacklist of foreigners in a tit-for-tat response.

One panelist on Russian state TV touted the country's oil revenues while the American economy struggles with high inflation and gas prices.

An explosive joint report by the Organized Crime and Corruption Reporting Project (OCCRP) and Meduza exposed a common thread between several assets allegedly linked to Russian President Vladimir Putin.

Western leaders imposed severe sanctions on Russia in response to Vladimir Putin's Ukraine invasion, which began on February 24.

According to a recent report, Russia made nearly $100 billion in fossil fuel exports during the first 100 days of the war in Ukraine.

At least 30 aircraft allegedly belonging to Russian businessmen have flown over EU airspace despite flight bans imposed after the invasion of Ukraine.

British defense officials said on Tuesday that Russia is trying to mobilize its weapons production to meet the demands of the Ukraine war.

Russian oligarchs and business leaders will keep a low profile at the St. Petersburg International Economic Forum this year, hoping to avoid Western sanctions.

Pro-Kremlin television host Olga Skabeyeva said "it's time for Russia to roll out something," appearing to float the idea of missiles.

Belarusian President Alexander Lukashenko has publicly championed the role of import substitution in lessening reliance on Western products.

Even with unprecedented sanctions imposed on Russia, experts say Putin won't run out of war funds anytime soon due to oil revenue.

The Russian president told ministers that unemployment was low and inflation had stabilized.

Biden had pledged to make the Saudi Crown Prince a "pariah." Now, he's preparing to meet him, hoping to bring surging gas prices down.

Russia's foreign minister Sergei Lavrov said Saturday that the country has "alternative sales markets" for oil exports "where we are already increasing sales."

News outlet Agentstvo reported the Russian president has not made any unprompted reference to the war.

High-profile resignations and a report that Russian elites are displeased with the Russian president point to waning support for Putin's war.

The new sanctions aim to "further tighten and enforce existing sanctions" by pinpointing yachts in which "sanctioned Russian elites maintain interests."

According to one estimate, Russia is spending about 21 billion rubles—or more than $330 million—a day on the war in Ukraine.

In a Saturday assessment, the Institute for the Study of War said that there is "eroding military professionalism" within the leadership of Russia's forces.

A Russian military court assessed Wednesday that the sacking of 115 servicemembers was justified after troops decided to return to their base instead.

Texas Senator Ted Cruz was one of the 30 lawmakers who signed a September 2021 letter to the White House pushing for an end to the ammunition ban.

"This would not be the first time Moscow has launched an ambitious military adventure...only to find itself outmatched and humiliated," Anders Aslund warned.

Vladimir Putin's invasion has removed Russia from a seat at the top international table.

A waiver allowing Russia to still make bond payments despite Western sanctions expired today, leaving Moscow exposed to a looming default.

The U.S. president said the sanctions on Russia serve as a warning to China about what would happen if it tries to take Taiwan by force.