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Industry News | Ukraine/Russia Conflict
US Sanctions Target Russian Defense & Gold Imports
The United States has issued sanctions against Russia’s Defense Industry & Gold Imports in response to Russia’s invasion of Ukraine. These sanctions target 99 Russian groups and individuals critical to the Russian defense industry, including the state-owned defense company, Rostec, producer of Russian helicopters and…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
UK Sanctions Target Russia Precious Metals
May 27, 2022 – The United Kingdom announced a 35% tariff on all platinum and palladium imports from Russia and Belarus, targeting over £1.7 billion of trade. This new round of sanctions is intended to put increased pressure on Russia and further weaken the military…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Technology Sector Targeted by US Sanctions
April 8, 2022 – The U.S. Department of Treasury recently issued a new round of sanctions on the Russian Federation in response to its invasion of Ukraine, this time targeting the Russian technology sector. This new round of sanctions targets 21 business entities and 13…
Event | Industry News | Supply Chain | Ukraine/Russia Conflict
Russian Gold & Silver Banned from Global Markets
March 29, 2022 – Russian gold and silver refineries have been banned from the largest global trading markets in gold and silver. The London Bullion Market Association (LBMA) and the Chicago Merchantile Exchange (CME) have both announced a suspension on Russian gold and silver from…
Ukraine-Russia Conflict Impact Summary
February 7, 2022 – Tensions between Russia and the North Atlantic Treaty Organization (NATO) continue to rise as a result of the imminent threat of invasion by Russian troops on the border of Ukraine ensue. In December 2021, Russian Foreign Minister Sergey Lavrov issued a…