Western Union halts money transfers to Cuba due to U.S. sanctions

Financial services company Western Union has halted money transfers to Cuba following the reinstatement of sanctions by the U.S. State Department on Cuban military-run businesses. This move is already impacting Cuban American families who rely on sending financial support to relatives on the island, News.Az reports citing CBS news. U.S. Secretary of State Marco Rubio […]

US imposes sanctions on international network shipping Iranian oil to China

The U.S. Treasury Department on Thursday imposed sanctions on an international network, alleging that it has facilitated the shipment of Iranian oil to China. The sanctions target entities and individuals in China, India and the United Arab Emirates, as well as several vessels. The network has facilitated the shipment of millions of barrels of Iranian […]

Britain sanctions Russian group ZSERVERS and it’s six members

Britain on Tuesday announced new sanctions targeting a Russian cyber entity responsible for facilitating “crippling ransomware attacks” globally. In a statement, the government said key Russian cybercrime syndicate ZSERVERS is responsible for aiding merciless ransomware attacks around the world. It said the new sanctions also target six ZSERVERS members who are part of a “prolific […]

Russian companies find loophole in legislation

Companies linked to sanctioned Russian billionaires are avoiding financial audits by exploiting a loophole in Dutch legislation, Dutch public broadcaster NOS reported. According to the report, these billionaires are using a clause in Dutch law to classify their companies as micro-businesses, which allows them to hide the flow of money and avoid strict reporting requirements, […]

Trump warns BRICS countries of sanctions

US President Donald Trump threatened sanctions against BRICS countries this time. Trump announced that if the BRICS countries create the BRICS currency, ‘100 per cent’ tariffs will be applied to these countries. Stating that he will ask for a commitment from the BRICS countries that they will not create a new BRICS currency or support […]

EU to Russia: Sanctions are coming to media companies

The European Union will include a ban on access to Russian propaganda media services in its 16th sanctions package. Russia under the leadership of Vladimir Putin, who launched an all-out attack and occupation attempt against Ukraine’s territorial integrity and sovereignty, continues to target defenceless civilians, critical infrastructure facilities, health and education institutions. ‘Russian state agency […]

EU plans sanctions on 50 Russian products in upcoming trade restrictions

The European Union has announced plans to impose sanctions on 50 types of Russian products, according to the EU’s Special Representative for Sanctions, David O’Sullivan. Citing the foreign media that during his visit to Astana, O’Sullivan discussed the potential inclusion of various products under 50 trade codes in the next package of sanctions against Russia. […]

Russian Senator Held Stake in SpaceX While He Was Sanctioned

A U.S. trust linked to sanctioned Russian senator and billionaire Suleiman Kerimov held a 1% stake in Elon Musk’s SpaceX before authorities blocked the trust, Bloomberg reported Wednesday, citing anonymous sources familiar with the matter. Delaware-based Heritage Trust reportedly acquired the SpaceX stake in 2017, a year before the Trump administration’s Treasury Department sanctioned Kerimov […]

Tehran says they are ready to sit for talks on removal of sanctions

Tehran is prepared to start sanctions-lifting negotiations if other parties show readiness, Iran’s deputy foreign minister for international and legal affairs said. Kazem Gharibabadi’s remarks follow President Donald Trump’s Monday speech, where he referenced Iran’s oil revenue, potentially hinting at a continuation of a maximum pressure policy in his new term. Speaking to reporters the […]