The sanctions imposed by the US and the European Union on Friday, against people and companies for supporting Russia's war in Ukraine also included several companies from China, the Voice of America (VOA) reported.
On the second anniversary of Russia-Ukraine conflict, US President Joe Biden announced over 500 new sanctions against Russia for its ongoing war of conquest of Ukraine and the death of Aleksey Navalny, who was Putin's fiercest opposition leader.
Ukrainian Prime Minister Denys Shmyhal urged Japan and the European Union to enact new sanctions against Russia in response to the escalating situation.
According to S&P Global Commodity Insights This conflict arises as a consequence of EU sanctions against Russia, which triggered changes in Urals crude oil price assessments by Platts, affecting the pricing mechanism for West Shetland crudes, as revealed by Harbour Energy on January 11.
Approximately 400,000 US-made semiconductors, worth a total of USD 53.6 million, were shipped to Russia via the Maldives, in the year after Russia invaded Ukraine, as per Russian customs clearance data obtained from the Indian research firm Export Genius and analysed by Nikkei.
This is the first time the two leaders are meeting in person since the beginning of the Russian-Ukraine conflict in February last year. PM Modi has spoken to Russian President Vladimir Putin as well as President Zelenskyy a number of times.
Notably, last year, bilateral trade and economic cooperation between the two countries received a powerful impetus and mutual trade reached almost 30 billion US dollars.
The US Defense Department just released the 2022 China Military Power Report last week, and both China and Russia were central in October's National Defense Strategy.
In a press statement, European Commission President Ursula von der Leyen announced that they are "stepping up the pressure" on Russia with the ninth package of sanctions.
Brussels [Belgium], October 7 (ANI): The European Union (EU) on Thursday (local time) adopted its latest package of sanctions against Russia over the illegal annexation of Ukraine's Donetsk, Luhansk, Zaporizhzhia and Kherson regions.