Sanctions

Ahead of G7 Summit, UK announces ban on Russian diamonds in fresh round of sanctions

The diamond export restriction coincides with the ongoing Russia-Ukraine war and would affect a sector with $4 billion in exports in 2021

Sudan's brutal war enters its second month: What has happened so far

Hundreds of people have been killed and nearly a million displaced in the war between Sudan army chief Abdel Fattah al-Burhan and deputy-turned-rival Mohamed Hamdan Daglo, who commands the paramilitary Rapid Support Forces (RSF). Here’s the timeline of the main developments in the conflict

US sanctions Chinese companies accusing them of providing chemicals used to create fentanyl to drug gangs

The Treasury said that as part of the campaign against fentanyl manufacture, five individuals with addresses in China and Guatemala were also named

China imposes sanctions on US' Ronald Reagan Presidential Library for hosting Taiwan president

US has no official relations with Taiwan but maintains extensive informal and commercial ties. Washington is required by federal law to ensure the island has the means to defend itself if attacked by China

Czech, Slovak prime ministers urge European Union to enforce sanctions on Russia

Czech and Slovakia have provided Ukraine with substantial humanitarian and military aid since the Russian invasion started in February 2022

United States dismisses China mediation on Ukraine as not 'impartial'

White House National Security Council spokesman John Kirby said that China has refrained from criticizing the Russian invasion of Ukraine and has continued to buy Russian oil even as the West piles sanctions on Moscow's energy industry to starve the Kremlin of money to pay for the war

In fear of foreign sanctions, Chinese President Xi Jinping pushes for greater self-reliance

Xi Jinping said, in a closed-door meeting with members of the National People’s Congress, that greater self-reliance and development in science and technology is the only path to advancing ‘high quality development' and building China into 'a great modern socialist country’

European Union agrees new round of sanctions over Russia's war in Ukraine

The EU's measures echoed sanctions announced earlier Friday by the United States and Britain and came in the wake of a G7 statement that warned of penalties for any country abetting Russia in its war

G7 threatens Russia sanctions busters with 'severe costs'

Ukraine's allies have sought to use sanctions and trade bans to choke off Russia's ability to acquire more weapons or produce them domestically using imported components

One year of Ukraine war: How Western sanctions haven't worked against Russia

Despite the sanctions on Russian oil and gas, the country's energy revenues increased to $168 billion for the year, the highest level since 2011. Russia finished the year with a record-high current account surplus of $227 billion (18.7 lakh crore)