Bessent warns ‘all options are on the table’ for Russia sanctions
Treasury Secretary Scott Bessent told that “all options are on the table” as the Trump administration weighs sanctions on Russia after President Vladimir Putin continued to bombard Ukraine despite recent talks about peace. Bessent spoke with Senior National Correspondent Rich Edson at Martin’s Tavern in Washington, D.C., responding to a question about potential sanctions on […]
Hungary sanctions Ukrainian drone commander for bombing oil pipeline in Russia
Hungary has imposed a travel ban on the commander of Ukraine’s Unmanned Systems Forces after three consecutive attacks on the Druzhba oil pipeline on Russian territory. The attacks halted oil imports to Hungary and to Slovakia for days. The sanction was announced by Hungarian Foreign Minister Péter Szijjártó, who said the country considered the pipeline […]
Belgium to recognize Palestine, sanction Israel
According to Politico, Foreign Minister Maxime Prévot said the recognition would happen only after Hamas releases all Israeli hostages and no longer manages Palestine. Belgium will join the group of countries that will recognize the state of Palestine at this month’s U.N. General Assembly and will impose sanctions on Israel over the war in Gaza, […]
Europe’s sanction move on Iran is a serious threat to tanker markets
The United Kingdom, France, and Germany have initiated a 30-day process to re-implement United Nations sanctions against Iran. This action, includes restrictions on oil exports, financial transactions, and maritime transport. These sanctions were originally suspended under the 2015 nuclear deal, and their re-implementation is a response to Iran’s increased uranium enrichment activities. This move is […]
China Sanctions Two Lithuanian Banks in Retaliation Against EU Measures
China has sanctioned two Lithuanian lenders, UAB Urbo Bankas and AB Mano Bankas, in response to the European Union’s decision last month to target Chinese financial institutions over alleged links to Russia’s war in Ukraine. The Ministry of Commerce announced that the banks are now on Beijing’s countermeasure list, prohibiting Chinese organizations and individuals from […]
Ukraine sanctions Russian, Chinese, Belarusian firms supplying drone technology
According to the Ukrainian Presidential decree, restrictions were introduced against 39 Russian nationals and 55 companies from Russia, China, and Belarus. The measures target entities involved in the production of drones using artificial intelligence, as well as suppliers of electronic components for unmanned aerial vehicles. Among the sanctioned companies are Russian defense developers Zala Aero, […]
UK targets sanctions circumvention and crypto networks exploited by Russia
According to the statement made by UK’s Foreign, Commonwealth & Development Office, financial networks utilised by Russia to soften the blow of western sanctions are being targeted by the UK. With sanctions continuing to bite, Russia has turned to the Kyrgyz financial sector to channel money through opaque financial networks, including through the use of […]
US imposes sanctions on international court officials in ‘flagrant attack’
The Trump administration has ramped up its efforts to hobble the international criminal court in what the ICC has denounced as a ‘flagrant attack against the independence of an impartial judicial institution’. According to The Guardian, The US state department announced new sanctions on four ICC officials, including two judges and two prosecutors, saying they […]
US issues sanctions against Greek shipper of Iranian oil
The United States has issued a new round of sanctions against Iran, seeking to disrupt oil exports by going after a global network of companies owned by a single Greek shipper. According to Al Jazeera, in a statement published by the US Treasury Department on Thursday, the government announced sanctions on companies and vessels owned […]
Houthis sanction 64 shipowners for trading with Israel
Under the Humanitarian Operations Coordination Center (HOCC), Yemen’s Houthis have announced sanctions against 64 shipowners whose vessels violated the naval blockade imposed on Israel. The move follows the declaration issued by the Yemeni Armed Forces, warning maritime operators against entering Israeli ports. According to the HOCC, the sanctioned vessels had previously received pre-penalty notices cautioning […]