Latest news and stories about sanctions in finance in Portugal for expats and residents.
European Union ambassadors agreed to extend the current price cap on Russian oil until July 23. The measure prevents a potential price surge for crude oil while the bloc continues negotiations on its 21st package of sanctions against Moscow.
An analysis of Portugal's shifting economic relations with Iran, tracing the period of market opening to the subsequent re-imposition of international sanctions.
The Trump administration has temporarily lifted sanctions on Russian oil for one month, a move analyzed by experts regarding its limited impact on global market shortages and the potential European reaction.
The Portuguese company Business United and its owner, António Mira, have been sanctioned by the US after the FBI identified the firm as an alleged intermediary in several operations involving helicopters and parts destined for the Iranian Pasargad Helicopter Company, which is linked to Iran's military fleet, reports Público. The sanctions resulted in the freezing of assets and...
European Union countries reached an agreement this Thursday in Brussels to impose new sanctions on Russia. This 21st package of sanctions will extend a price cap mechanism for oil exported by Russia.
The company is accused of receiving “illicit funds generated in the United States and laundering those funds for the PCC in Brazil.”
Despite 20 rounds of EU sanctions since 2022, trade between the bloc and Russia reached 57.2 billion euros last year. A study by the Kiel Institute for the World Economy suggests that imposing tariffs on these remaining trade flows could generate significant revenue to support Ukraine while exerting economic pressure on Moscow. Researchers propose a 'Ukraine Support Tariff' on both imports and exports, arguing that the asymmetric economic impact would hurt Russia far more than the EU, providing a flexible tool for policymakers to manage long-term economic leverage.
European Union restrictions will target the energy, cryptocurrency, trade, and fishing sectors.
The European Commission proposed today a new package of sanctions against Russia focused on “high-impact sectors” such as energy, financial services, and cryptocurrencies, while also seeking to ban Russian armed forces combatants from entering the European Union (EU).
The European Commission proposed today a new package of sanctions against Russia focused on “high-impact sectors” such as energy, financial services, and cryptocurrencies, while also seeking to ban Russian armed forces combatants from entering the European Union (EU).
The European Commission proposed a new package of sanctions against Russia this Tuesday, focusing on 'high-impact sectors' such as energy, financial services, and cryptocurrencies, while also seeking to ban Russian armed forces combatants from entering the European Union (EU). 'Our consistency in applying sanction packages is yielding results, and today we are presenting...'
José Azeredo Lopes, a commentator for CNN Portugal, analyses the impact of Donald Trump's decision to lift sanctions on Russian oil, specifically the European reaction.
The Portuguese tax and customs authority is investigating a significant rise in exports to countries that maintain trade relations with Russia, amid concerns over potential sanctions evasion.
The article discusses concerns over Portugal potentially bypassing sanctions through its cork exports. Despite a decline in exports to Russia, shipments to nearby countries have increased, raising suspicions that sanctioned goods, including cork, may be rerouted through these nations to avoid restrictions. The investigation highlights the broader issue of sanctions evasion and emphasizes the need for stricter monitoring of trade flows to prevent circumvention.
