UK imposes new sanctions against Russia, North Korean companies
Category
Economics
Publication date

UK imposes new sanctions against Russia, North Korean companies

Government of Great Britain
UK

Earlier, Great Britain announced a new package of sanctions against Russia and North Korea.

Which Russian and North Korean companies had come under British sanctions?

It is noted that two Russian and one North Korean companies have come under restrictions because they are trying to violate or circumvent UN sanctions against North Korea and trade weapons in exchange for oil.

In particular, the following were subject to restrictions:

  • The Russian "Vostochnaya stevydornaya kompaniya", operating in the port of Vostochny, is a Russian provider of cargo services;

  • Russian "Toplivno-bunkernaya kompaniya" (TBK) for permission for ships involved in the transportation of oil to North Korea to work in the Russian port of Vostochny;

  • Alexei Mikhailovych Vorotnikov, director of TBK;

  • the North Korean company Paekyangsan Shipping Co Ltd operates under the DPRK-flagged Paek Yang San 1 and promotes North Korea's military programs by transporting petroleum products between Russia and North Korea.

Britain will apply certain restrictions to these three companies and the individual, including an asset freeze, a travel ban to the United Kingdom and transport sanctions.

The sanctions package confirms the fact that Russia will not be able to hide its illegal partnership with North Korea after its veto by the UN Panel of Experts, writes the United Kingdom government.

North Korea receives large quantities of oil from Russia

The Russian Federation supplies oil products to North Korea in volumes that violate the restrictions established by the UN Security Council.

Russia sent oil products from the port of Vostochny to North Korea. Russian supplies have already pushed North Korean imports above the 500 barrels per year set by the UN Security Council, a US official said on condition of anonymity.

According to the official, the Russian Federation can continue supplying oil "to infinity" since Russian and North Korean commercial ports are located close enough to each other.

At the same time, the official emphasised that the US will continue to apply restrictions "against those who work to facilitate the transfer of weapons and oil products between Russia and North Korea."

The UN Security Council imposed restrictions on North Korea's oil imports in 2017 in response to its nuclear weapons tests. Under these restrictions, North Korea can receive only 500,000 barrels of oil and petroleum products per year.

Category
Politics
Publication date

Will Putin agree to a ceasefire — insider data

Putin is currently skeptical
Source:  Reuters

As Reuters has learned from its sources in the Kremlin, it is highly unlikely that Russian dictator Vladimir Putin will agree to the ceasefire regime against Ukraine that the Zelenskyy and Trump teams agreed on in Saudi Arabia.

Points of attention

  • The United States' offer of military aid and intelligence sharing alongside the ceasefire proposal has been met with skepticism and complaints from officials close to Putin.
  • Insider insights shed light on the complex dynamics and negotiations surrounding the potential ceasefire agreement, providing valuable information on Putin's perspective and concerns.

Putin is currently skeptical

According to an insider close to the illegitimate head of the Kremlin, Russia supposedly needs to work out the conditions for any ceasefire and receive certain guarantees.

"It's hard for Putin to agree to this in its current form... Putin has a strong position because Russia is moving forward," claims an anonymous journalistic source.

In addition, it is indicated that without ceasefire guarantees, Russia's position could quickly weaken, and then the West could accuse Russia of failing to end the war.

According to another insider, for dictator Putin, it now looks as if Ukraine and the US are trying to trap him.

The big picture is that the United States has agreed to resume military aid and intelligence sharing and has embellished this move with a proposal for a ceasefire, officials close to the Russian dictator complain.

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