New Zealand imposes new sanctions on Russia
New Zealand has announced a new round of sanctions against 33 individuals and entities linked to the Russian government over their involvement in the ongoing war in Ukraine. The New Zealand Ministry of Foreign Affairs sanctioned 33 people and organizations for supporting Russia’s illegal war against Ukraine. Sanctions specifically target cyber actors, as well as […]
US imposes new sanctions on Cuba-linked entities and individuals
The United States has announced a new wave of sanctions targeting eight individuals and five entities connected to the Cuban government. The sanctions target individuals and organizations accused of helping procure military equipment from abroad on behalf of Cuba’s Ministry of the Revolutionary Armed Forces and its security agencies. The US State Department justified the […]
EU sanctions five individuals tied to Russian Military
The European Union has imposed a new round of sanctions on five unnamed individuals connected to Russia’s military-industrial complex following recent Russian airstrikes on Ukraine. EU foreign policy chief Kaja Kallas announced the August 7th decision, stating that Russia’s inability to advance on the battlefield has led Moscow to escalate its attacks against civilians. She […]
US Treasury sanctions two more Iran-linked crypto exchanges
As part of its ongoing “Economic Fury” campaign, the US Treasury has sanctioned two cryptocurrency exchanges—Shelbit and Aban Tether—for helping facilitate financial transactions for Iran’s Islamic Revolutionary Guard Corps (IRGC). Shelbit: Despite being registered in Dubai and lacking obvious ties to Iran, this exchange allegedly processed a massive $6.3 billion over two years. The Treasury […]
Canada Sanctions Streit Group
Canada has officially imposed sanctions on Streit Group, an armored vehicle manufacturer based in the UAE. Streit Group is run by Guerman Goutorov, a Canadian-Russian businessman. The company is accused of supplying its manufactured armored vehicles directly to Russia’s National Guard (Rosgvardia). Canadian Foreign Minister Anita Anand stated that the sanctions are designed to cut […]
Iraq Imposes Banking Sanctions on Hezbollah and ISIS
The Iraqi government has implemented new banking sanctions targeting individuals and entities connected to ISIS financing networks and Lebanese Hezbollah, acting in alignment with United States Treasury Department directives. According to an official document from the Iraqi Ministry of Finance, the decision is based on recent actions by the US Treasury’s Office of Foreign Assets […]
US Sanctions the Cuban Ministry of Tourism
The US administration, under President Donald Trump’s second term, has expanded its sanctions against Cuba by adding the Cuban Ministry of Tourism to the Treasury Department’s Office of Foreign Assets Control (OFAC) list. While the exact operational impacts are still unclear, any direct or indirect business with an OFAC-listed entity poses severe legal and compliance […]
New EU Sanctions on Russian UAV Production
The Council of the European Union has announced new sanctions targeting the Russian military-industrial complex in response to Russia’s escalating attacks against Ukraine (specifically citing the deadly strikes on Kyiv on July 1 and 5). Five entities belonging to the ABS Electro group of companies, which produce critical components used in unmanned aerial vehicle (UAV) […]
EU Sanctions Deadlocked Over Greek Shipping Interests
Greece is currently blocking new European Union sanctions against Russia to protect a single domestic shipping company, according to diplomats. Athens has vetoed the new sanctions, demanding an open-ended exemption for Dynagas, a maritime transportation company owned by billionaire oligarch George Prokopiou. Dynagas specializes in legally transporting Russian Liquefied Natural Gas (LNG) from the Arctic […]
UK Imposes Record $1.3 Million Fine on Sabre Corp. Unit for Breaching Russia Sanctions
Britain has levied a fine of more than £1 million (approximately $1.3 million) against the UK subsidiary of the airline ticketing services provider Sabre Corp. This penalty marks the largest fine issued by the UK for violations of the anti-Russian sanctions implemented following the 2022 invasion of Ukraine. According to the UK’s Office of Financial […]