EU negotiates sanction swap with China to rescue critical ASML supplier
The European Union is currently negotiating a “sanction swap” with China to save a vital German company, Sindlhauser Materials GmbH, from going out of business. Sindlhauser is a crucial supplier for the semiconductor equipment giant ASML, but it relies heavily on Chinese rare earth minerals to operate. In July 2026, China restricted Sindlhauser’s access to […]
US lifts sanctions on Venezuela’s top legislator
The US Treasury Department has removed Jorge Rodriguez, the head of Venezuela’s National Assembly, from its sanctions blacklist as part of a broader diplomatic pivot prioritizing energy access and political transition. The delisting of Rodriguez—brother to interim President Delcy Rodriguez—reflects Washington’s ongoing recognition of the interim government following the US ouster of former President Nicolas […]
US fines Bank of America $1.2bn for money laundering, sanctions violations
The US Treasury Department has fined Bank of America over $1.21 billion for widespread failures in its anti-money laundering (AML) protocols and for violating international sanctions. The penalties stem from enforcement actions by three regulatory bodies: Regulators issued a $1.2 billion penalty—which includes a record $750 million fine from the Office of the Comptroller of […]
EU’s largest sanction against Russia
The European Union has announced the addition of 1,600 companies and individuals involved in Russia’s defense industry infrastructure to its sanctions list. In response to the US lifting sanctions on Russian diesel fuel, the EU implemented its most comprehensive sanctions package in history, targeting 1,600 individuals and companies within Russia’s defense infrastructure. The sweeping 930-page […]
US administration announces new sanctions against Iran
The US Department of the Treasury has added 16 individuals and 10 entities linked to Iran to its sanctions list as part of efforts aimed at blocking Iran’s access to the international financial system. In a statement, the Department noted that under the “Economic Exclusion Operation,” Iran’s attempts to “infiltrate” the international financial system were […]