International sanctions

FM: We have no intention of joining anti-Russia sanctions

Serbia has no intention of joining the sanctions against Russia and we hope that they will be lifted as soon as possible, Ivica Dacic said on Monday.

Speaking in the Serbian National Assembly, where he presented a bill on international restriction measures, the foreign minister said that sanctions are not a way to solve political problems.

Western sanctions 'severely' harming Russia: Putin

President Vladimir Putin acknowledged on Jan. 11 in an interview with German daily Bild that Western economic sanctions over the Ukraine crisis are affecting Russia.

"Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia," he said in a long interview, calling the EU sanctions "a theatre of the absurd".

Hungary would veto EU's sanctions against Poland - PM

Hungarian Prime Minister Viktor Orban has announced that his country would veto any possible EU sanctions against Poland.

"The European Union should not think about applying any sort of sanctions against Poland, because that would require full unanimity and Hungary will never support any sort of sanctions against Poland," Orban said, according to Reuters.

Turkey to claim rights against Russian sanctions through WTO: Minister

Ankara could take measures to counter Russian sanctions against Turkey on a global level Turkish Economy Minister Mustafa Elita? has signaled after the sanctions came into effect with the new year. 

"We'll use our rights in line with World Trade Organization (WTO) rules," Mustafa Elita? said in a meeting to release 2015 export figures on Jan. 4. 

EU prolongs Russia sanctions over Ukraine, Russia to introduce food embargo on Ukraine

The European Union agreed Dec. 21 to prolong damaging economic sanctions against Russia for its involvement in the Ukraine crisis for another six months amid sharp differences over relations with Moscow, while Russia will introduce a food embargo against Ukraine next month over Kiev's trade deal with the EU.

German firms hurt by Russian sanctions against Turkey

German companies doing business in Russia have suffered collateral damage from Moscow's sanctions against Turkey, a business group said on Dec. 18.

The impact of sanctions on those companies has been "considerable," said the president of the German-Russian chamber of commerce, Rainer Seele.

"Two-thirds of them have been hit," he said.

Russian sanctions on Turkey to have limited effect: EBRD

The effect of sanctions imposed on Turkey by Russia will be limited, the European Bank for Reconstruction and Development (EBRD) said on Dec. 7.

The Russian sanctions were imposed after a fighter jet which had violated Turkish airspace was shot down on Nov. 24. Moscow later announced it was a Russian aircraft.