Tag Archives: sanction

Russia ‘can’t make more’ tanks because of this key sanction, Biden official says

Russia ‘can’t make more’ tanks because of this key sanction, Biden official says

The West has hit Russia with a range of economic sanctions including a promise this weekend from the G-7 nations to reduce their dependence on the country’s oil. But one type of sanction, so-called “export controls,” has attracted less attention than other high-profile penalties like seizing oligarchs’ yachts. Export controls ban companies from sending crucial products like semiconductors to Russia with the goal of gradually starving its economy. But a top Biden administration official told… Source link

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Russia faces increased risk of default as key US sanction exemption expires in May

Russia faces increased risk of default as key US sanction exemption expires in May

Sanctions on Russia have effectively isolated Vladimir Putin’s country from the global economy, with the country at increased risk of not being able to pay its bills. The major credit rating agencies have begun the process of declaring the country in default, which generally refers to a government unable to meet obligations on its debt. The agencies add that further sanctions at the end of May will further ratchet up pressure on Russia. On Friday, S&P Global Ratings downgraded Russia’s… Source link

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U.S. asks judge to sanction Google in pretrial document fight

WASHINGTON, March 21 (Reuters) – The U.S. Justice Department, which has accused Alphabet Inc’s (GOOGL.O) Google of breaking antitrust law in its search business, asked a judge to find that the company abused an attorney-client privilege designation to avoid turning over documents. In a court filing, the Justice Department asked for Google to be sanctioned for creating a “Communicate with Care” program that trains workers to include an attorney and a request for advice when writing about… Source link

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Pressure mounts to include Russia’s tech giant Yandex in the EU sanction list – EURACTIV.com

A group of progressive MEPs are preparing to question the European Commission on why Russia’s largest technology company has been excluded from the sanctions list so far, while Baltic states are planning to raise the point in the Council discussions. Yandex is the second largest search engine in Russia regarding market share and provides several online services, including advertising, mobility apps and navigation. The company also offers ride-hailing services in several EU… Source link

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