EU lifts economic sanctions on Syria, following US move
The European Union has lifted economic sanctions on Syria in a bid to help the war-torn country’s recovery, the 27-nation bloc’s foreign policy chief Kaja Kallas has said, offering the nation another critical lifeline after the ouster of Bashar al-Assad. “We want to help the Syrian people rebuild a new, inclusive and peaceful Syria,” Kallas […]
Mitsui OSK Seeks Japan’s Help as EU Sanctions LNG Tankers
Mitsui OSK Lines Ltd. is seeking help from the Japanese government after a surprise decision by the European Union to sanction three of its liquefied natural gas tankers linked to a Russian project. As Bloomberg reports, “We are not at all happy about this, so we are now lobbying the EU through various channels, including […]
US issues new sanctions to Sudan because of chemical weapon usage
The US will impose new sanctions on Sudan after finding it used chemical weapons last year in the ongoing civil war against the Rapid Support Forces (RSF), the state department has said. US exports to the country will be restricted and financial borrowing limits put in place from 6 June, a statement from spokesperson Tammy […]
USA Statement: Providing Sanctions Relief for the Syrian People
Marco Rubio, US Secretary of State announced a statement that US issued a general license providing immediate sanctions relief for Syria. “In accordance with the President’s promise to deliver sanctions relief to Syria, I have issued a 180-day waiver of mandatory Caesar Act sanctions to ensure sanctions do not impede the ability of our partners […]
Maximum amount of corporate fine to rise due to national implementation of Sanctions Criminalisation Offences Directive
New legislation that enters into force roday (20th May, 2025) will implement the Sanctions Criminalisation Directive of the European Union in Finland. The purpose of the Directive is to ensure that offences against sanctions are punishable in all EU Member States and that the related national penal provisions meet a common minimum level. The Criminal […]
Hong Kong vows enforcement of UN Iran sanctions, hits out at US measures
Locally based Super Sources Industrial and owner Wang Chao among list of firms, individuals hit by US sanctions for alleged Iran missile programme support. The Hong Kong government has reaffirmed its commitment to strictly enforcing UN Security Council sanctions while hitting out at the United States’ unilateral decision to penalise a company based in the […]
NPA to sanction non-compliant oil marketing companies
The acting Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo, has reaffirmed the Authority’s commitment to ensuring compliance with the rules and procedures governing operations in the country’s downstream petroleum industry. He stated that while the NPA would bring a human face to the law, sanctions would be enforced against industry players […]
UK Sanctions Azerbaijan State-Owned Tanker for Shipping Russian Oil
The sanctions on Azerbaijani companies and individuals come as the country is deepening energy ties with the European Union. A tanker sanctioned by the U.K. for shipping oil on behalf of Russia is owned by the government of Azerbaijan, corporate documents show. Targeting a state-owned tanker was a warning to Azerbaijan at a time when […]
EU finalizes 17th sanctions package against Russia
The new measures, approved on the eve of a possible face-to-face meeting between Putin and Zelensky, focus mainly on Moscow’s “ghost fleet,” effectively extending the restrictions already in place to more vessels, individuals, and entities linked to the Kremlin’s war effort. The ambassadors of the 27 member states finalized the 17th package of sanctions against […]
CBUAE imposes sanctions on five insurance brokers over anti-money laundering failures
Two fined, three warned for breaching anti-money laundering and terrorism financing rules. Dubai: The Central Bank of the UAE (CBUAE) has imposed administrative and financial sanctions on five insurance brokers operating in the country for failing to comply with anti-money laundering (AML) and counter-terrorism financing (CTF) regulations. The penalties were issued under Article (14) of […]