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 […]
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 […]
US sanctions Mexico cartel members, including rapper El Makabelico
Treasury aims to disrupt Cartel del Noreste’s leadership and financial networks tied to violence and drug trafficking. The US Department of the Treasury has announced sanctions on assets of four individuals that it linked to Mexico-based Cartel del Noreste, including the popular hip-hop artist El Makabelico. The sanctions target three “high-ranking members” of Cartel del […]
The U.S. Plans New Sanctions Against Brazil
The United States is escalating its dispute with Brazil over the fate of Donald Trump’s ally, former president Jair Bolsonaro, by planning new sanctions against the judges who are trying him on coup charges. This is according to Bolsonaro’s son, Eduardo, who is a congressman. Eduardo has been lobbying in Washington for the U.S. to […]
US Treasury Targets Iranian Network Evading Sanctions and Enabling Oppression
The U.S. Department of the Treasury’s Office of Foreign Assets Control designated 18 entities and individuals that play pivotal roles in the Iranian regime’s efforts to generate revenue and circumvent U.S. sanctions. “Facing severe financial constraints due to international isolation, Iran has engineered sophisticated banking schemes and alternate payment messaging systems specifically designed to bypass […]