Russia Asked U.S. to Lift Sanctions From Aeroflot
Russian authorities have asked Washington to lift sanctions against their flagship airline Aeroflot to resume direct flights with the United States but have not yet received an answer Russian Foreign Ministry Sergey Lavrov said that, “We made this offer at the meeting in [Saudi Arabia] more than a month ago. The Americans considered it, but so […]
OFAC sanctions 30 vessels which linked Iranian oil trade
The U.S. Treasury’s Office of Foreign Assets Control sanctioned a UAE-based Indian national who owns multiple shipping companies operating a shadow fleet of nearly 30 vessels linked to Iranian oil trade. According to OFAC, many of these ships are part of Iran’s so-called ‘shadow fleet’ and have been involved in transporting Iranian oil for the […]
China punishes US drone industry in latest salvo
China has dropped the hammer on 11 US-based drone manufacturers — including Skydio, BRINC Drones, and Boeing-owned Insitu — by placing them on its ‘unreliable entity’ list, a move that subjects these companies to sweeping trade sanctions and export restrictions. The Chinese government accuses US drone makers of engaging in ‘military technology cooperation with Taiwan,’ […]
US issued Iran related sanctions against China
United States imposed sanctions on entities and individuals in Iran, the UAE and China. The US accuses these entities being part of an Iranian weapons procurement network. The U.S. Treasury Department announced sanctions on six entities and two individuals in action taken in coordination with the Department of Justice, accusing them of responsibility for procurement […]
US removes sanctions on wife of Russian billionaire
A close ally of Russian President Vladimir Putin, Karina Rotenberg, wife of oligarch Boris Rotenberg removed from US sanctions. The US has lifted sanctions imposed on the wife of a Russian billionaire considered to have close ties with Russian President Vladimir Putin. A statement by the US Office of Foreign Assets Control on Wednesday listed […]
UK sanctions: £25bn of Russian assets frozen
New data released on 21 March reveals the impact of UK sanctions on Russia. It is reported that more than £25bn of Russian assets have been frozen since Russia’s illegal invasion of Ukraine. According to the annual review by Britain’s Financial Sanctions Enforcement Office, the UK, together with its allies, has imposed the most severe […]
South Korea Plans Sanctions Against BitMEX, KuCoin and CoinW
South Korea plans to sanction unregistered crypto exchanges such as BitMEX, KuCoin and others for operating illegally without VASP licences. The Financial Intelligence Unit (FIU) has identified a number of exchanges that have not registered as Virtual Asset Service Providers (VASPs), a requirement under South Korean law. The exchanges facing potential sanctions include BitMEX, KuCoin, […]
China sanctions US defence companies
The Chinese Ministry of Commerce has placed two American companies on the sanctions list for arms sales to Taiwan. The companies included in the list were Lockheed Martin and Raytheon Technologies working with the US Department of Defence. In line with the sanctions decision, both companies and their subsidiaries Raytheon Missile and Defence Corporation will […]
US targets Iranian oil network
The US announced that it has placed some companies that purchase, process and transport Iranian oil on the sanctions list. According to the US Treasury Department, a China-based ‘teapot’ oil refinery that buys and processes hundreds of billions of dollars worth of crude oil from Iran and its top executive have been added to the […]
Britain removes Turkish company from sanctions list
Active Shipping has been removed from UK’s sanctions list for 1 year as part of the sanctions imposed on Russia. The UK Treasury said that the company was being removed from the list and was no longer subject to an asset freeze. Following the presidential decree that revealed US could initiate sanctions against financial institutions […]