Serbia’s only oil refinery faces shutdown due to US sanctions
Serbia’s only oil refinery, Naftna Industrija Srbije (NIS), faces an imminent shutdown due to US sanctions targeting its majority Russian ownership. This situation poses a significant threat to the country’s energy security. The sanctions, enforced by the US starting October 9, 2025, target Russia’s energy sector. NIS is 51% owned by Gazprom and Gazprom Neft, […]
South Korea’s finance watchdog to sanction more ‘crypto’ exchanges
The Korea Financial Intelligence Unit (FIU) is preparing to impose significant sanctions on four major domestic cryptocurrency exchanges -Korbit, Gopax, Bithumb, and Coinone. The sanctions are a result of violations regarding anti-money laundering (AML) and “know your customer” (KYC) obligations. The FIU has conducted on-site inspections over the past 18 months and will process cases […]
EU sanctions against A7A5 and Payeer come into effect
The European Union is implementing strict sanctions against the Russian ruble-pegged stablecoin A7A5 and the payment service provider Payeer. These measures are a response to their involvement in Russia’s destabilization of Ukraine. The EU has explicitly prohibited all direct and indirect transactions involving A7A5. This is a stricter stance than previous US or UK actions. […]
US Fund Carlyle Eyes Assets of Sanctioned Russian Firm Lukoil
The American private equity giant Carlyle Group is evaluating the purchase of international assets belonging to the sanctioned Russian oil company Lukoil. Because Lukoil is under US sanctions due to the war in Ukraine, Carlyle plans to apply for a special license from the US government (specifically OFAC) to conduct due diligence and potentially finalize […]
US Sanctions North Korean Bankers Over Cybercrime & Money Laundering
The U.S. has imposed sanctions on North Korean bankers, financial institutions, and entities accused of laundering money from cybercrimes. This decision aims to cut off the funding sources for North Korea’s illegal nuclear weapons program. Officials state that over $3 billion has been diverted to the regime through these schemes in the past three years. […]
US Intensifies Pressure on Iranian Oil Trade with New Sanctions
The United States government announced significant new sanctions on Thursday aimed at curbing Iran’s illicit petroleum trade. In a coordinated action, the Department of State and the Department of the Treasury targeted shipping and aviation networks accused of facilitating these sales. According to officials, the primary objective is to sever the financial lifelines that allow […]
UK Sanctions on Illicit Russian Cyber Networks
The UK, in coordination with allies in the United States and Australia, has announced new sanctions targeting Russian “bulletproof” hosting services that facilitate global cybercrime. The sanctions focus on Media Land, a major provider of online infrastructure used for ransomware and phishing, and its ringleader, Alexander Volosovik (aka Yalishanda). Volosovik has links to notorious cyber […]
US Sanctions Thai Company Tied to Myanmar Scam Operations
According to Thai newspaper Khaosd The United States imposed sanctions on a Thai company and a Myanmar armed group accused of operating cyber-scam centers that defrauded Americans and relied on human trafficking victims. According to The U.S. Department of the Treasury’s Office of Foreign Assets Control announced that it had blacklisted the Democratic Karen Benevolent […]
Zelenskyy sanctions former business partner implicated in $100M corruption scandal
Ukrainian President Volodymyr Zelenskyy imposed sanctions on Tymur Mindich, his former business partner, according to a decree published Thursday. Mindich was implicated in a $100 million corruption scandal in Ukraine’s battered energy sector, where prosecutors alleged this week he masterminded a scheme manipulating contracts at Ukraine’s state nuclear energy company to extract kickbacks worth 10-15 […]
US partially suspends Caesar Act sanctions on Syria for 180 days
The US has partially suspended the imposition of Caesar Act sanctions on Syria for 180 days, the Treasury Department announced. The suspension replaces a May 23 waiver, which also granted a 180-day exemption from mandatory Caesar Act sanctions and represents “our commitment to continued sanctions relief for Syria,” according to an advisory from the Treasury’s […]