EU Lifts Sanctions on 3 LNG Tankers
The European Commission has announced the lifting of sanctions on three tankers operated by Japan’s Mitsui O.S.K. Lines. This decision came after receiving commitments that these vessels would cease their activities involving Russian-sourced LNG. The sanctions had been imposed on the tankers North Moon, North Ocean, and North Light, which were transporting cargo from the […]
US Sanctions Venezuelan Gang Allegedly Linked to Maduro
The U.S. Treasury Department has announced sanctions against a Venezuelan group operating under the leadership of Venezuelan President Nicolas Maduro and allegedly supporting drug cartels. The Office of Foreign Assets Control (OFAC), an agency of the Treasury Department, announced that the organization, dubbed the Cartel de los Soles (Cartel of the Suns), has been classified […]
US sanctions North Korea trading company, individuals for IT worker schemes
The US Treasury Department sanctioned a North Korean trading company and three individuals for evading sanctions and generating revenue for Pyongyang through ‘fraudulent information technology worker schemes.’ The Office of Foreign Assets Control designated the Korea Sobaeksu Trading Company and three associated individuals –Kim Se Un, Jo Kyong Hun and Myong Chol Min — for […]
UK sanctions 25 targets involved in alleged people smuggling
United Kingdom has sanctioned 25 targets involved in alleged people smuggling, under a new financial sanctions regime targeting those facilitating the travel of refugees and migrants across the English Channel via small boats. The individuals and entities targeted include a small boat supplier in Asia and gang leaders based in the Balkans and North Africa. […]
Estonia sanctions 19 more Georgian officials over democratic crackdown
Estonia has slapped entry bans on 19 high-ranking Georgian officials responsible for the persecution of peaceful protesters, journalists, and opposition representatives. Those on the latest list include Georgia’s minister of justice, prosecutor general, members of parliament, prosecutors, judges, and a former police chief. “These individuals are directly or indirectly responsible for the persecution of peaceful […]
Family-based sanctions legal under IEEPA, says US court
A federal judge has ruled that US authorities can legally sanction adult children of designated individuals under emergency powers legislation, rejecting a challenge from the family of sanctioned Cypriot businessman Christodoulos Vassiliades in a decision that clarifies the scope of presidential emergency authorities. According to the World Ecr, The DC District Court found that the […]
Ship registry and 105 vessels among entities listed in EU’s latest Russian sanctions
The European Union officially rolled out its 18th sanctions package, overcoming opposition from Slovakia. The sanctions are aimed squarely at crippling Moscow’s revenue streams and tightening the noose on its shadow fleet of sanctioned tankers Under the new measures, the oil price cap for Russian crude will be tightened—reduced to roughly $47–$48 per barrel, or […]
UK Sanctions Russian Spies
The British Foreign Office has also linked Russia’s intelligence agency to a cyber-sabotage campaign targeting institutions, elections, and public health programs across Europe and the US. The UK imposed sanctions on 18 officers and three units of Russia’s military intelligence agency for their roles in a 2022 airstrike on a theatre in Ukraine that killed […]
UK imposes 137 new sanctions on Russia
The UK has announced 137 new sanctions targeting Russia’s energy sector. The UK Foreign Office stated that the new sanctions will disrupt Russia’s oil revenues and render a larger portion of its already struggling stay-behind fleet dysfunctional. The statement noted that the 137 new sanctions against Russia further increase pressure on Russia’s stay-behind fleet operations. […]
Dealer sanctioned over gatekeeping failure
Echelon Partners failed to guard against clients’ potentially-suspicious trading in U.S. OTC markets. According to Investment Executive, investment dealer Echelon Wealth Partners Inc. (now known as Ventum Financial Corp.) is being sanctioned in a settlement with the Canadian Investment Regulatory Organization (CIRO) over gatekeeping failures involving suspicious trading on behalf of several foreign brokers. According […]