EU sanctions state-linked Chinese oil companies over Russia war support
The European Union has sanctioned two mainland Chinese oil refineries and one Hong Kong-based oil trader as part of its latest efforts to hobble Russia’s war economy, drawing a stern rebuke from Beijing. The companies were listed in a broader package of sanctions agreed by the EU’s 27 member states on Thursday morning, punishing in […]
US puts two major Russian oil companies on sanctions list
A statement from the US Department of Treasury reported that this step was taken due to Russia’s lack of serious commitment to a peace process to end the war in Ukraine. The statement noted that Russia’s two major oil companies, Rosneft and Lukoil, were added to the sanctions list, and that these companies’ subsidiaries were […]
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 […]
UK targets Russian oil market in fresh sanctions
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. The Russian […]
EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5
The move would prohibit EU-based individuals and companies from interacting with the token, either directly or via intermediaries. The European Union is weighing a fresh round of sanctions targeting A7A5, a ruble-backed stablecoin that has rapidly become the largest non-US-dollar pegged token in the world. The move would prohibit EU-based individuals and companies from interacting […]
EU to sanction firms using fake flags for Russian tankers
The European Union is set to impose sanctions on three companies accused of providing false flags to tankers operating within Russia’s shadow fleet. According to documents reviewed by Bloomberg, the accused companies allegedly assigned fake flags from Aruba, Curaçao and Sint Maarten to at least eight EU-sanctioned vessels. These measures form part of the EU’s […]
7,500 Trucks Stuck as Kazakhstan Cracks Down on Russian Border Trade to Stop China Tech Transfers
Kazakhstan’s customs service has dramatically tightened inspections of cargo traffic bound for Russia, creating massive queues at border crossings. According to Kommersant on October 2, since mid-September officers have been inspecting 99% of trucks carrying potentially sanction-sensitive goods from China into Russia. This has triggered multi-kilometer jams along the Kazakh-Russian frontier. “Many carriers, fearing inspection, […]
UK sanctions Georgian businessmen, tankers over Russia links
The UK announced sanctions against two Georgian businessmen over their support for Russia’s war in Ukraine, and two tankers carrying Russian oil. “The UK has announced new sanctions targeting Georgia-linked supporters of Putin’s illegal war in Ukraine,” the foreign ministry said, adding to the hundreds of sanctions it has announced against supporters of the war […]
Ukraine imposes sanctions against 83 individuals, 13 entities, including Russian propagandists
Ukraine President Volodymyr Zelensky issued a presidential decree on Sept. 20 imposing sanctions against 83 individual and 13 entities involved in disseminating Russian propaganda, as well as others involved with business operations in occupied Ukrainian territories. In his evening address, Zelensky said that he imposed three separate sanctions packages, which target citizens of Ukraine, Russia, […]
US sanctions against Serbian NIS to take effect in October
President of Serbia Aleksandar Vučić stated that US sanctions against the Petroleum Industry of Serbia (NIS) is postponed for one week. Sanctions will take effect on 8-9 October. NIS ended up on the sanctions list at the start of this year due to the Russian majority ownership stake in the company, which dates back to […]