White House halts new Iran sanctions amid nuclear talks
The White House has issued a directive to pause all new sanctions activity toward Iran, according to The Wall Street Journal. According to the report, White House press secretary Karoline Leavitt issued the order last week, halting measures that had been part of President Donald Trump’s ongoing “maximum pressure” campaign. The directive was passed to […]
4 banks to get relief as Japan moves to partially lift sanctions on Syria
At least four banks will get relief from Tokyo as Japan on decided to partially lift sanctions on Syria. As NHK reported, top Japanese government spokesman Hayashi Yoshimasa told that Tokyo should “support positive efforts in Syria and help improve the lives of its people, who have been worn down by years of crisis, while […]
US Treasury Sanctions High-Ranking Members of Cartel del Noreste
The Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two high-ranking members of the Mexico-based Cartel del Noreste (CDN), formerly known as Los Zetas. CDN, one of the most violent drug trafficking organizations in Mexico and a U.S.-designated Foreign Terrorist Organization (FTO), exerts significant influence over the border region, especially near the […]
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 […]
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 […]