Western sanctions
Coverage of Western sanctions in the Nexus archive.
- Russia’s economy is ‘sputtering,’ and Putin’s wartime spending model has pushed the country to an ‘economic, political, and military abyss’
Russia's economy shows signs of strain despite wartime growth metrics like stable GDP and low unemployment. The war effort has dominated industrial and technological resources, leading to military stalemates and rising costs, according to a CSIS report. Everyday Russians face economic distress as the model becomes unsustainable.
- Black Sea Blow: Ukraine Damages Sanctioned Russian Tanker in Major Strike
Ukraine's military damaged the sanctioned Russian tanker FINA A in the Black Sea, targeting a vessel used to transport oil in circumvention of Western sanctions. The strike also damaged two road bridges and multiple Russian command and drone-control points across occupied territories and inside Russia.
- Iran central bank chief heads to Moscow for expanding monetary cooperation
Iran's Central Bank Governor Abdolnaser Hemmati led a delegation to Moscow to discuss expanding monetary and banking cooperation between Iran and Russia. The talks aim to facilitate monetary exchanges, strengthen central bank collaboration, and develop mechanisms for broader economic ties, amid ongoing Western sanctions on Iran and potential U.S.-Iran negotiations on sanctions relief.
- Putin slams Western sanctions as damaging to the global economy
Putin criticized Western sanctions for harming the global economy and eroding trust in Western currencies, citing Russia's lower state debt and controlled budget deficit as strengths. He emphasized a shift toward a multipolar world and highlighted attendance at the St. Petersburg forum by leaders from Saudi Arabia, Uzbekistan, Tanzania, and China.
- Putin slams Western sanctions as damaging to the global economy
Russian President Vladimir Putin criticizes Western sanctions, stating that developing countries now play a more significant role in the global economy while Western countries' output has decreased.
- Russian ruble stablecoin A7A5 grows despite Western sanctions: CertiK
Russian ruble-backed stablecoin A7A5 processed over $110 billion in transactions despite Western sanctions, according to CertiK.
- India rolls out welcome mat for Myanmar’s Min Aung Hlaing
Myanmar leader Min Aung Hlaing's first trip to India as president, invited by Prime Minister Narendra Modi, aims to strengthen ties and counter Chinese influence. India maintains relations despite Western sanctions following Myanmar's 2021 coup.