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BBCNEWS Business June 19, 2024



2022, the west further tighten the screws. since then, the us uk- eu, the screws. since then, the us uk eu, along with countries including australia, canada and japan have imposed more than the 16,500 sanctions on russia. and just last week, the us and uk imposed a tough new raft of measures. their main target has been russia s money, freezing foreign currency reserves and bank deposits. they have also banned exports of technology for making weapons, band flights and restricted wealthy business people linked with the kremlin. russia s oil industry has also been another major target. despite the export controls, russia seems to have continued to be able to fund its war machine in ukraine. the economy has largely withstood the shock and is expected to grow by about 1 2% this year according to the international monetary fund. that s partly because it is still selling oil to countries like india and china. and because moscow has been able to impart sanctioned goods by bu ....

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The fifth sanctions package: a ban on coal imports, partial closure of ports

On 5 April, the President of the European Commission Ursula von der Leyen presented the principles of the European Union’s proposed fifth package of sanctions against Russia (see Press statement by President von der Leyen on the fifth round of sanctions against Russia).

The new restrictions are to cover six elements: ....

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