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Business, News, Russia

The Russian is suspected of laundering $530 million to banks under sanctions

The US Department of Justice has announced that an indictment has been released against a Russian citizen, Iurii Gugnin (also known as Iurii Mashukov), who lives in New York. Gugnin…

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Russian diamond mining company Alrosa leaves Angola due to sanctions

Russian PJSC Alrosa, the largest diamond mining company, has withdrawn from the project in Angola due to sanctions. The largest mining company in Angola, Catoca, which engages in the exploration,…

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Russian SPB Exchange is asking for US sanctions to be lifted

Russian SPB Exchange has prepared an annual report for 2024, which will be discussed at the annual meeting of shareholders on June 26. The document states that on April 7,…

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Belarusian wood pellets led to sanctions and imprisonment

The Latvian State Revenue Service (SRS) sent materials on violations of the law to the prosecutor's office in order to initiate criminal proceedings against a local businessman who was suspected…

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EU court retains billionaire German Khan on the sanctions list

On June 4, the European Court of Justice denied Russian billionaire German Khan the lifting of EU sanctions. The billionaire, who was sanctioned by the EU in 2022, challenged sanctions…

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Ex-head of Motor Sich stays with EU sanctions

The head of the European Union refused to lift sanctions against a Ukrainian businessman, Vyacheslav Boguslaev, the former head of Motor Sich JSC*. Boguslaiev was added to the EU sanctions…

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Panama hits Russia’s “shadow fleet”

The Panama Maritime Administration (PMA) has tightened the rules for the transshipment of oil from ship to ship with the participation of tankers registered under its flag. The PMA stated…

Business, News, Russia

Russian fishing holding company Norebo responded to EU sanctions

The Russian fishing holding company Norebo responded to the EU sanctions. May 20th, the European Union imposed sanctions on several individuals and entities, including Norebo, as part of the 17-package…

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Australia removes ex-Russian businessman Makarov from the sanctions list

Australia, following the UK, lifted sanctions against Igor Makarov, a billionaire and the president of the ARETI International Group, registered in Cyprus. ARETI is focused on investments in various sectors…

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Sanctions crush contracts of Russian football clubs

Sanctions have crushed the contracts of Russian football clubs. The Brazilian football club Botafogo announced that it was terminating the contract with Wendel (Marcus Wendel Valle da Silva), a midfielder…