Tag: Sanctions
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Exclusive: Raiffeisen Bank will not be sanctioned, but recital urges banks to divest from Russia
The Maltese Herald can confirm that Raiffeisen Bank will not be sanctioned in the EU’s upcoming 19th sanctions package against Russia, but recitals will once again urge banks and companies to divest their business from Russia. Austria will also not receive a derogation to exempt Raiffeisen Bank from doing business in Russia. Austria is pressing…
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Austria fights for preferential treatment over Raiffeisen Bank
Austria is fighting fore preferential treatment in the upcoming 19th sanctions package against Russia by the EU over its Raiffeisen Bank. According to the Financial Times the bank is following Russian law and Russian Courts in order to claw-back frozen assets under its custody which were owned by sanctioned Russian individuals. The complex procedure involves…
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Nice speeches, but where is the action?
Yesterday at the United Nations General Assembly, Malta’s Prime Minister Robert Abela asserted his strongest position in favour of international rule-of-law and Ukraine’s territorial integrity since the Russian invasion of Ukraine started. His position came as a surprise after having remained very cautious on the issue with the excuse of neutrality. Now, the Prime Minister…
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Is President Donald Trump right about Russian oil and gas purchases by Europe?
President Donald Trump is bringing yet another cynical excuse to avoid slapping new sanctions on Russia despite repeated pledges that he would so if Putin kept bombing Ukrainian cities. President Trump is accusing Europe of buying Russian oil and gas and says that he would be happy to slap new sanctions if Europe stopped buying…
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Editorial: Europe’s grand pact with Arabia
Europe and the Arabic world both have a common problem: they both have a state neighbouring their region which is belligerent, imperialist and has no regard for the international law and rule-of-law. Europe grapples with Russia’s imperialist belligerence while the Arab world has to contend with Israel’s increasing aggression throughout the region. Both of the…
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Nerandra Modi praises India’s relationship with Russia while President Trump accuses India of a one-sided relationship
India’s Prime Minister Nerandra Modi was full of praise about India’s relationship with Russia after meeting with Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation summit in Tianjin, China. Nerandra Modi joined Vladimir Putin for a car-ride that lasted 45 minutes before the leaders led talks between their delegations. Pemier Modi said that…
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Nerandra Modi meets Xi Jinping as Donald Trump enforces 50% tariffs on Indian products
India’s Prime Minister Nerandra Modi is ignoring US president Donald Trump’s 50% tariffs on Indian products and instead of negotiating under pressure, is allegedly looking to strengthen trade ties with China and Russia. Modi was in China earlier today meeting with China’s President Xi Jinping in Tianjin, China on the sidelines of the Shanghai Cooperation…
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Exclusive: Alkagesta investigated by the UK and EU authorities over Russian oil sales to Libya
The Maltese Herald has been informed that Alkagesta is currently being investigated by the EU and UK authorities over illegal Russian oil sales to Libya. Alkagesta, which holds the most voluminous oil bunkering operation in Malta, has also been previously suspected of being involved in the Libyan oil smuggling industry, also by using fraudulent certificates…
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President Trump to meet with Putin following meeting with Steve Witkoff
According to President Vladimir Putin’s aide, Yuri Ushakov, President Donald Trump and Putin have decided to meet to discuss the war in Ukraine. The announcement follows a meeting by Steve Witkoff with Putin at the Kremlin that took place yesterday. Ukraine’s President Volodymyr Zelensky has not yet confirmed whether he will attend the meeting, but…
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“Secondary sanctions and tariffs on China, Brazila and India are the obvious next step” – US Ambassador to NATO Matt Withaker
Speaking to Bloomberg, the US Ambassador to NATO Matt Whitaker said that secondary sanctions and tariffs are the obvious next step against China, Brazil and India which are funding Russia’s war effort in Ukraine by purchasing Russian oil. President Donald Trump also made a similar announcement yesterday. The sanctions are due on August 10th if…
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The EU is to support ship-flag member states over new Russian sanctions
The new EU sanctions package against Russia as explained here includes a new price cap on Russian oil of around $46.7, a ban on the purchase of Russian oil that has been refined by foreign third-parties, and a total ban on Nordtsream pipelines. Malta has raised concerns about the new sanctions package at an EU…
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EU Commission President and High Representative announce new sanctions on Russia and price oil cap
The EU Commission President Ursula von der Leyen and High Representative Kaja Kallas have just announced the approval of the new sanctions package against Russia and the new price oil cap, setting the buying price of Russian oil at 15% below the market rate. At the current average market rate of $54 and $55 Russian…