Page 13 - European Union

UK Treasury department imposes further economic sanctions on Russia

British people and businesses will be banned from making transactions with the Russian central bank, its finance ministry and its wealth fund

Russia's Central Bank raises rate to help ruble amid Western sanctions

The bank's action follows the Western decision Sunday to freeze its hard currency reserves in an unprecedented move that could have devastating consequences for the country's financial stability

Palladium, gold prices climb as West cranks up sanctions on Russia

Spot gold climbed 1.1% to $1,909.16 per ounce, rising about 6% so far this month in what would be its best monthly gain since May 2021

People protest in France against Russian invasion, denounce Vladimir Putin

Hundreds of people protested on Sunday in Paris and in the Riviera city of Nice against Russia's invasion of Ukraine, with Ukrainian flags and those of other eastern European nations hoisted high.

Ukraine crisis: Europe, Canada set to close airspace to Russian planes

Russia is now widely expected to further retaliate against the air blockades and other sanctions

Ukraine crisis: US, European Union cut few Russian banks from SWIFT

Removing banks from SWIFT is deemed to be a severe curb because almost all banks use the system.

European Union shuts airspace to Russian airlines, will buy Ukraine arms

The shift underscored how Russia's war on Ukraine was rewriting Europe's post-World War II security and defense policy in ways that were unthinkable only a few weeks ago

Russian banks face exclusion as allies deploy 'financial nuclear weapon'

The US, Britain and European Union placed sanctions against Moscow on Saturday as Russia continued its assault against Ukraine, saying they would block access to the SWIFT international payment system

US, EU, UK to sanction Russian central bank, block SWIFT banking service

US, EU and UK will put in place sanctions on Russian financial sector, including a block on its access to global financial system and central bank restrictions in response to the Ukrainian invasion

Putin ramps up Ukraine invasion pronouncing peace talks dead

Kremlin spokesman Dmitry Peskov said that Kyiv had refused to conduct negotiations, after the two sides failed to reach agreement on a format or a location for any talks

Ukraine has renewed Cold War between Western countries, Russia: Expert

Srikanth Kondapalli, Dean of School of International Studies at JNU cautioned that the Russian actions in Ukraine may embolden China in initiating Galwan like incident

Russia banned from Eurovision Song Contest 2022 after Ukraine invasion

Last year's Russian entry, Manizha, finished number 9 in the contest.

European Union still mulling SWIFT ban on Russia, says top EU Diplomat

The European Union may still disconnect Russia from the SWIFT international financial network over Moscow's military operation in Ukraine, EU foreign policy chief Josep Borrell announced Friday."SWIFT is something that has not been included on the table because it was not mature enough the discussion, but nothing is off the table. Maybe it can be adopted in the following days, it will depend," Borrell said at a press conference after the EU Foreign Affairs Council.Western countries have been threatening to disconnect Russia from SWIFT as a part of economic sanctions in response to Moscow's military operation in Ukraine.

US, Europe agree to freeze assets of Russia's Vladimir Putin, Sergey Lavrov

The US Treasury Department is expected to release more details later on Friday

EU 'close' to agreeing on asset freeze on Putin, Lavrov: Luxembourg

Luxembourg's foreign minister said Friday that the 27-nation European Union was very close to agreement to freezing the assets of Russian President Vladimir Putin and Foreign Minister Sergey Lavrov. Jean Asselborn said before a meeting of EU foreign ministers to discuss Russian sanctions that I think we are very close to an agreement, that we will find an agreement here, for sanctions on the two. There will be a discussion but I think we agree that Putin and Lavrov, as far as the freezing of assets is concerned, that we will find a consensus here, he said. Asselborn said Russia would be hurt by the banks measures. We can't talk everything on this, talk everything down because we don't have SWIFT on the list at this moment. Once again: the debate about SWIFT is not off the table, it will continue." EU leaders largely agreed it was too soon to impose a travel ban on Putin and Lavrov because negotiating channels needed to be kept open.

New Western sanctions to break Russian supply chains, President Putin told

The US and its allies have decided to block assets of four large Russian banks, impose export controls and sanction oligarchs close to President Vladimir Putin

Bitcoin helping Russia evade financial sanctions, Putin may legalise crypto

Bitcoin surged to $39,000 in a quick rally following Biden's sanctions after dipping below $35,000 on Thursday when Putin declared war on Ukraine

Ukraine crisis: World leaders fine-tune punitive measures against Russia

A raft of new, stronger sanctions against Russia from Japan, Europe, Australia, Taiwan and others. And a cascade of condemnation from the highest levels

Ukraine fights Russian invasion as West ramps up sanctions on Kremlin

President Volodymyr Zelenskiy said Ukraine's military had stopped Russia from achieving its objectives in the first day of the assault

Russia-Ukraine war: West divided over excluding Russia from payment system

European leaders have pledged to impose tough economic and financial sanctions on Russia, but there is a lack of unity within the West over cutting the country off the SWIFT financial payment system.