Sanctions

Leaders will discuss how to respond to surging energy prices amid the war in the Middle EastEurope live – latest updatesEU leaders have welcomed the end of diplomatic deadlock over a long-awaited €90bn (£78bn) loan for Ukraine, after the bloc finalised the agreement along with a 20th package of sanctions against Russia.After weeks of delay, the EU signed off on the loan on Thursday, in time for summit talks in Cyprus that are scheduled to begin in the evening and will include talks over a dinner with the Ukrainian leader, Volodymyr Zelenskyy. Continue reading...

British foreign secretary told to impose new measures, with ruble-pegged cryptocurrency A7A5 being supported in countryMore than 20 MPs and peers have called on the foreign secretary to take action against institutions and individuals in Kyrgyzstan allegedly facilitating large-scale Russian sanctions evasion.They urged the UK to levy personal sanctions against three top Kyrgyz officials for their alleged role in facilitating Russian sanctions evasion more broadly, and more specifically for allowing Kyrgyzstan to host infrastructure supporting the cryptocurrency A7A5. Continue reading...

Move comes after Hungary and Slovakia dropped opposition following reopening of the Druzhba oil pipelineEU leaders are set to meet in Cyprus this evening to discuss the latest on the Middle East and the next EU budget, starting in 2028.But it looks like they will have a bit of a detour – and a reason to celebrate, too – as the long-awaited €90bn loan for Ukraine and the 20th package of sanctions against Russia are on course to be unblocked after four months of delays caused by Hungary’s Viktor Orbán. Continue reading...

• The Biden administration announced comprehensive sanctions targeting Russian entities involved in chemical weapons production and deployment, following reports of their use against Ukrainian forces in recent weeks. • The Treasury Department froze assets of 12 Russian companies and individuals, with officials stating the measures aim to deter further violations of the Chemical Weapons Convention. • Security analysts warn that chemical weapons escalation signals Russia's desperation as its conventional military capabilities face sustained Ukrainian resistance.

• The US Treasury Department announced targeted sanctions against 15 military leaders and three jade trading companies linked to Myanmar's junta, citing credible evidence of systematic ethnic persecution against Rohingya and other minorities. • The sanctions block access to the US financial system and freeze assets estimated at $40 million, with the State Department formally classifying the military's actions as crimes against humanity. • International human rights bodies praised the measures but noted they represent a limited response, calling for broader multilateral action and ICC referral to hold perpetrators accountable.

News follows Guardian report on licence given to British firm exporting machinery to Armenian firm linked to Russian war effortBritish firms will face “much tougher” controls to prevent their goods from reaching Russia via other countries, undermining sanctions and aiding Vladimir Putin’s assault on Ukraine.Under plans to be unveiled on Wednesday, the government will be able to require UK manufacturers to obtain a licence if they want to export to a country suspected of acting as a staging post for exports ultimately destined for Russia. Continue reading...