Featured Russia

U.S. sanctions delay Russian passenger jet by a year – Rostec CEO

Serial production of Russia’s first post-Soviet mainline commercial aircraft will be delayed by a year due to U.S. sanctions, the head of state-owned industrial conglomerate Rostec said on Monday, Russian news agencies reported. Russia hopes the MS-21, a twin-engine, medium-range passenger plane, will give Boeing and Airbus a run for… Read More

Russia’s Gazprombank freezes accounts of Venezuela’s PDVSA: source

Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. While many foreign firms have been cutting their exposure to PDVSA… Read More

EU needs stronger anti-fraud curbs, lawmakers say, after Danske scandal

The European Union needs tougher anti-fraud controls including a central body able to enforce laws against money laundering, European lawmakers said on Friday, describing financial crime as as a security problem for the continent. Curbs should be more uniform across the EU and its framework for swapping financial intelligence is… Read More
8th February 2019
The United Kingdom’s National Crime Agency (NCA) has considered up to 140 unexplained wealth orders (UWOs) to date, according to an official. UWOs require individuals to explain how they obtained an asset where it is suspect that their income would be insufficient to obtain it. So far the agency has… Read More
6th February 2019
The U.S. Office of Foreign Assets Control (OFAC) recently removed three companies from its Specially Designated Nationals (SDN) List, where they had been each designated under two Executive Orders as part of OFAC’s Ukraine-/Russia-related program. The delisting process for these firms, which was elongated due to the Congressional oversight… Read More
4th February 2019
Businessman and Putin critic Bill Browder has hit out at what he says is the United Kingdom’s reluctance to investigate money laundering. He also alleged that British lawmakers took bribes to prevent probes. Addressing the European Parliament this week, Browder said: “Some people are benefiting from this flow of money… Read More
18th January 2019
AP — The Treasury Department appears set to lift sanctions on three companies connected to Russian oligarch Oleg Deripaska despite concerns from lawmakers in both parties who say the Trump administration should be tougher on Russian President Vladimir Putin and his allies. Treasury’s decision to ease… Read More
16th January 2019
AP — Treasury Secretary Steven Mnuchin is urging senators to vote against a Democratic resolution that would maintain sanctions on companies linked to Russian oligarch Oleg Deripaska [pictured]. Mnuchin met with Republican senators behind closed doors Tuesday in the hours before a planned Senate vote on… Read More
14th January 2019
The United States has warned German companies involved in the Russian-led Nord Stream 2 gas pipeline that they could face sanctions if they stick with the project. U.S. President Donald Trump has accused Germany of being a “captive” of Moscow because of its reliance on Russian energy and urged it… Read More
11th January 2019
AP — Treasury Secretary Steven Mnuchin told lawmakers in a classified briefing Thursday that the Trump administration will keep strict U.S. sanctions on Oleg Deripaska and any companies he owns, but Democrats say they still have concerns that the government is being too soft on the… Read More
9th January 2019
AP — The leaders of seven House committees are calling on Treasury Secretary Steven Mnuchin to explain why the United States is easing sanctions on companies linked to Russian oligarch Oleg Deripaska. It’s one of the first moves of the new Democratic House to scrutinize… Read More
7th January 2019
The European Union has extended its economic sanctions targeting specific sectors of the Russian economy until 31 July 2019, citing a lack of progress in implementing an agreement over Moscow’s conflict with Ukraine. The measures, which target the financial, energy and defence sectors, and the area of dual-use goods, were… Read More
20th December 2018
A Russian mafia whistleblower who was found dead after going out for a run near his home in southern England six years ago probably died of natural causes rather than from an elaborate poison plot, a British coroner found on Wednesday. Alexander Perepilichny, 44, was found collapsed and vomiting… Read More