US Sanctions Threaten Hong Kong Banks Over Iranian Oil Trade
The United States is escalating its financial pressure on Tehran by threatening secondary sanctions against Chinese and Hong Kong banks that process payments related to Iran’s oil trade. This move places financial institutions squarely in the middle of a growing regulatory conflict between Washington and Beijing. US Treasury Secretary Scott Bessent has directly warned several […]
EU prepares sanctions on Chinese banks over Russia ties
According to Bloomberg, The European Union leadership is planning to ban European companies from cooperating with two Chinese banks that have been helping Russia circumvent existing trade restrictions. According to draft documents, financial institutions operating within the European Union will be prohibited from conducting any transactions with two regional Chinese banks located near the China-Russia […]
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 […]