He’s now a billionaire criminal
87-year-old Joe Lewis has been sentenced to three years of probation for leaking information. With a fortune of $7.3 billion, Lewis joins the ranks of billionaires who have been convicted of a crime but managed to protect their fortunes. The 87-year-old founder of the Tavistock Group was spared prison time by a federal judge in […]
The US will impose sanctions on 200 more Chinese chip companies: High-bandwidth memory may also face export ban
An e-mail sent by the US Chamber of Commerce, the largest lobby group in the US, to its members, indicating that High Bandwidth Memory (HBM) exports will also be banned, caused the leak of the sanctions plan. As is well known, the US has been engaged in a chip war with China for several years […]
EU Proposes Sanctions Against Chinese Firms Helping Russia’s War Efforts
The European Union is proposing to impose sanctions on a number of Chinese companies that it alleges helped Russian companies develop drones used against Ukraine. This would require the support of 27 member states. According to documents seen by Bloomberg, the European Commission is also considering restrictions on additional Russian oil tankers to hamper Moscow’s […]
US sanctions Gazprombank and 6 partners
The US Treasury Department announced sanctions against Gazprombank along with 6 of its foreign subsidiaries. In addition to Gazprombank, more than 50 Russian banks with international links were added to the sanctions list to further restrict Russia’s links to the international financial system. Foreign banks are as follows: Luxembourg-based bank GPB International SA, Hong Kong-based […]
UK sanctions on kleptocrats this time
The UK has sanctioned kleptocrats and announced the launch of the Foreign Office’s new campaign against dirty money. ‘Sanctions have been imposed on three notorious kleptocrats who siphoned off their fortunes from their countries, and on their friends, family and fixers who helped them,’ the UK Foreign Office said in a statement. The following statements […]
US to Sanction One of Russia’s Largest Banks
Gazprombank, the last of Russia’s major state-owned banks, which maintains access to SWIFT and settlements in major world currencies, will be subject to new US sanctions. US President Joe Biden’s administration is considering the possibility of designating Gazprombank (GPB), Russia’s third largest bank by assets, which serves as a centre for gas deals with Europe. […]
Russia’s fines against Google exceeded 20 decillion dollars
The amount of fines imposed by Russian courts on Google for removing channels belonging to Russian organisations and individuals on YouTube has exceeded 20 decillion dollars. Speaking to the Russian news agency TASS, legal expert Ivan Morozov said that administrative fines were imposed on Google in the country for removing some channels on YouTube. Pointing […]
Largest Western bank under pressure to cancel investment in Russia
The US is pressuring Raiffeisen Bank, the largest Western bank in Russia, to cancel a $1.6 billion industrial investment. According to Reuters, the bank has chosen an interesting exit strategy from Russia. In its plan to repatriate its remaining $1.6 billion assets in Russia, it planned to buy shares in the Austrian construction company Strabag, […]