Iraq Imposes Banking Sanctions on Hezbollah and ISIS
The Iraqi government has implemented new banking sanctions targeting individuals and entities connected to ISIS financing networks and Lebanese Hezbollah, acting in alignment with United States Treasury Department directives. According to an official document from the Iraqi Ministry of Finance, the decision is based on recent actions by the US Treasury’s Office of Foreign Assets […]
US Sanctions the Cuban Ministry of Tourism
The US administration, under President Donald Trump’s second term, has expanded its sanctions against Cuba by adding the Cuban Ministry of Tourism to the Treasury Department’s Office of Foreign Assets Control (OFAC) list. While the exact operational impacts are still unclear, any direct or indirect business with an OFAC-listed entity poses severe legal and compliance […]
New EU Sanctions on Russian UAV Production
The Council of the European Union has announced new sanctions targeting the Russian military-industrial complex in response to Russia’s escalating attacks against Ukraine (specifically citing the deadly strikes on Kyiv on July 1 and 5). Five entities belonging to the ABS Electro group of companies, which produce critical components used in unmanned aerial vehicle (UAV) […]
EU Sanctions Deadlocked Over Greek Shipping Interests
Greece is currently blocking new European Union sanctions against Russia to protect a single domestic shipping company, according to diplomats. Athens has vetoed the new sanctions, demanding an open-ended exemption for Dynagas, a maritime transportation company owned by billionaire oligarch George Prokopiou. Dynagas specializes in legally transporting Russian Liquefied Natural Gas (LNG) from the Arctic […]
US Imposes Sanctions on 7 People and Firms Linked to Iranian Arms Network
The US Treasury Department has imposed sanctions on 7 individuals and entities due to their alleged connections with an international network that illegally procures weapons for Iran’s Islamic Revolutionary Guard Corps (IRGC). The key highlights are as follows: Global Network: The sanctioned individuals and companies are located in Iran, Russia, Italy, and Nigeria. These actors […]