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US SANCTIONS CCIC Singapore was set up in 1989 and has its registered address at Singapore Science Park. Its customers include Shell, BP, Total, Exxon Mobil and major Chinese petrochemical corporations, according to CCIC’s website. Parent company CCIC was established in 1980 and is part of China’s State-Owned Assets Supervision and Administration Commission of the…
The Russian occupiers deliberately struck civilians in Sumy and give excuses every day to tighten sanctions against them and increase our support for Ukraine, said President Volodymyr Zelenskyy. “The Russians launched a savage strike on Sumy – directly targeting the city and its ordinary streets with rocket artillery. It was a fully deliberate attack on…
Russia’s largest shipping company Sovcomflot posted a loss of $393 million in Q1 of 2025, a dramatic reversal from the $216 million profit it reported during the same period last year. The losses exceeded total revenue, which fell 48% to $278.5 million. Sovcomflot linked the collapse in revenues to “unprecedented sanctions,” which have significantly reduced income…
Minister of Foreign Affairs Andriy Sybiha has held his first telephone conversation with the newly appointed Minister of Foreign Affairs of Canada Anita Anand, inviting her to Ukraine. “Grateful for reaffirming Canada’s unwavering strong support and solidarity with the Ukrainian people. We focused on diplomatic efforts to achieve a just and comprehensive peace for Ukraine,”…
About 70% of Italian companies operating in Russia did not leave the country following its 2022 invasion of Ukraine, the president of the Italian-Russian Chamber of Commerce told the RBC news website on Wednesday. Many Italian firms hesitated to make quick decisions following the invasion, Vincenzo Trani, who is also the founder of the car-sharing company…
Brussels will propose to lower the current $60 per barrel price cap on Russian seaborne oil during a meeting of G7 finance ministers this week, European Economic Commissioner Valdis Dombrovskis said Monday. Dombrovskis did not specify the level to which the EU wants to lower the price cap, but officials briefed on the discussions said Brussels would…
The United States shared a draft Ukraine ceasefire plan with European allies that includes potential sanctions relief for Russia, Bloomberg reported Friday, citing anonymous European officials familiar with the matter. The proposal was presented during talks in Paris on Thursday, with officials from Britain, Germany, France and Ukraine present. According to the U.S. State Department,…
Russia will need to replace hundreds of foreign-made civil aircraft in the coming years as its fleet of Western planes reaches the end of its lifespan, warned Sergei Chemezov, the head of state-owned defense conglomerate Rostec. At least 200 of the remaining Western planes operated by Russian carriers — cut off from maintenance and spare…
The Council of the European Union announced on Friday that it was extending the restrictive measures targeting those “responsible for undermining or threatening the territorial integrity, sovereignty and independence of Ukraine” for another six months, i.e. until September 15, 2025. “The existing restrictive measures provide for travel restrictions for natural persons, the freezing of assets,…
U.S. President Donald Trump said Friday that he is considering imposing “large-scale” sanctions on Russia in response to its intensified attacks against Ukraine. “I am strongly considering large-scale Banking Sanctions, Sanctions, and Tariffs on Russia until a Cease Fire and FINAL SETTLEMENT AGREEMENT ON PEACE IS REACHED,” Trump wrote on Truth Social. “To Russia and…
