EU Expands Iran Sanctions to Target Strait of Hormuz Blockades
The European Union is gearing up to widen its sanctions against Iran, focusing specifically on individuals and organizations responsible for obstructing traffic through the Strait of Hormuz. According to Reuters, two EU diplomats confirmed that member state ambassadors have reached a political consensus. They plan to update their sanctions criteria to officially penalize anyone interfering […]
EU adopts new sanctions against Russia
The new package of sanctions substantially increases the pressure on the Russian war economy, targeting key sectors such as energy, finance, the military industrial base, special economic zones, as well as enablers and profiteers of its war of aggression. According to EU, a total ban on Russian Liquefied Natural Gas (LNG) and a further clamp-down […]
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 […]
EU extends economic sanctions against Russia
The EU Council announced that the restrictive measures first imposed on Russia in 2014 due to its destabilizing actions in Ukraine have been extended until January 31, 2026. The statement reminded that EU sanctions were significantly expanded following Russia’s attack on Ukraine in February 2022. The EU sanctions impose a wide range of restrictions on […]
China lifts sanctions against several MEPs
China has lifted sanctions on five EU parliamentarians after signaling interest in closer economic and political ties with Europe. European Parliament President Roberta Metsola informed political group leaders during a closed-door meeting of the decision of the Chinese authorities. Beijing had initially imposed its sanctions in 2021 on 10 EU individuals and four entities, including […]
EU’s next step: Aluminium imports from Russia to be banned
As the Russia-Ukraine war enters its third year on February 24, EU countries have begun negotiating the details of the 16th sanctions package against Russia. The new package will include a ban on aluminum imports from Russia. According to leaks to the European press, the European Commission plans to present a package that includes various […]