Page 29 - bneIntelliNews monthly country report Russia May 2024

instead of their complete confiscation is gaining popularity among the G7 countries.
Next round of EU sanctions on Russia to target shadow fleet, ships transporting North Korean equipment. EU Trade Commissioner Valdis Dombrovskis said earlier in April that the bloc is preparing its 14th round of sanctions against Russia, which should be adopted in spring.
Airbus has been granted a waiver by the Canadian government, allowing it to continue using Russian titanium after Ottawa became the first Western nation to ban the metal in its latest package of sanctions targeting the Kremlin, Reuters reported on April 23. Airbus – one of the world's largest manufacturers of commercial passenger jets – was concerned the sanctions meant an effective ban on the import of its Europe-made jets which rely on lightweight titanium for their construction.
European Council adopts law on criminal offences, penalties for EU sanction violation. The European Council approved the law on the prosecution of violation or circumvention of EU sanctions, mainly concerning the sanctions against Russia, the parliament's press service reported on April 12.
US sanctions office looks into chip supply companies over use in Russia's war. U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is investigating several U.S. and foreign companies for supplying military-purpose chips which end up in Russia, Bloomberg reported on April 12, citing an unnamed U.S. official.
US, UK jointly expand sanctions against Russian metals. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME).
US officials say China aids Russia's massive military expansion. According to one official, supplies from China are helping Russia launch its "most ambitious defence expansion since the Soviet era and on a faster timeline than we believed possible early on in this conflict."
Chinese banks block payments from Russia for electronic parts. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, citing representatives of the Russian business.
EU preparing 14th sanctions package against Russia this spring. "We have started preparing a 14th sanctions package, which should be adopted in spring," Commissioner Valdis Dombrovskis said at the "Standing with Ukraine: European Parliament's legacy for the sanctions regime" conference of the Socialists and Democrats parliamentary group in Brussels.
● CBR money
Germany opposes the transfer of Russian assets to Ukraine due to fears of new WWII lawsuits. Demands for reparations stemming from WWII crimes have dogged Germany for decades. Calls for further reparations are appearing
29 RUSSIA Country Report May 2024 www.intellinews.com