US grants Turkey exemption from Gazprombank sanctions
Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar stated that the US granted Turkey an exemption from the Gazprombank sanction. After talks between the Ministry of Energy and Natural Resources and the Ministry of Foreign Affairs with US officials, Minister Bayraktar announced that Turkey can continue to make natural gas debt payments through […]
US sanctions Chinese cyber security company
The United States sanctioned Chengdu-based cybersecurity company Sichuan Silence Information Technology Company, Limited (Sichuan Silence) and one of its employees, Guan Tianfeng (Guan), for their role in compromising tens of thousands of firewalls worldwide, including firewalls at US critical infrastructure companies. Simultaneously, the US State Department announced a Reward for Justice offer of up to […]
EU adopts largest ever sanctions package against Russia
European Union member states have adopted the most extensive sanctions package against Russia to date. Under the new sanctions, 52 ships from Russia’s ‘shadow fleet’ and dozens of Russian officials were blacklisted. EU member states adopted the most extensive sanctions package against Russia to date at the EU Foreign Affairs Council meeting in Brussels, Belgium. […]
Zelensky prepares to impose sanctions on Georgian government
Ukrainian President Volodymyr Zelensky accused Georgia’s ruling Georgian Dream (GD) party of trying to make the country dependent on Russia and announced that he was working with European and other partners to prepare sanctions against the Georgian government. “The situation in Georgia is, of course, not just a problem of one nation, not just a […]
US sanctions 5 individuals and 4 organizations over Russia
The United States has sanctioned five individuals and four entities linked to the TGR Group, a vast international network that circumvented sanctions on behalf of Russian elites. According to the official statement, this step is being taken in coordination with the UK National Crime Agency, as well as the US Drug Enforcement Administration and the […]
UK sanctions Kenyan businessman over illegal gold trade
The UK and US governments have imposed sanctions on Kamlesh Pattni, a British-Kenyan businessman, for his alleged involvement in the illegal gold trade. According to a statement from the UK Foreign, Commonwealth and Development Office, the assets of Kamlesh Pattni and four others, including his wife and brother-in-law, will be frozen. Pattni’s name was implicated […]
China sanctions 13 US firms over Taiwan
China has sanctioned at least 13 American defense firms and six executives over arms sales to Taiwan, which Beijing considers a ‘breakaway province’. Foreign Ministry spokesman Lin Jian said, “Taiwan independence and peace in the Taiwan Straits are fundamentally incompatible. The US insistence on using force to support Taiwan’s independence cannot change China’s firm determination […]
Trump may target Iraq’s oil sector to counter Iranian influence
US President-elect Donald Trump’s planned maximum sanctions against Iran could extend to neighbouring Iraq, targeting OPEC’s second largest crude oil producer and a known hotbed of oil smuggling, according to three sources familiar with the talks. According to S&P Global Commodity Insights, the imposition of secondary sanctions on Baghdad, similar to the US sanctions on […]
US Court Cancels Sanctions on Crypto Mixer Linked to N. Korea Hack
A federal appeals court has ruled that the US Treasury Department exceeded its authority by sanctioning cryptocurrency mixer Tornado Cash after a North Korean hacking group used the software to launder more than $455 million. A three-judge panel of the Court of Appeals sided with six users of crypto-mixing services who argued that the software […]
Russia Sells Shares in Angolan Diamond Mines due to sanctions
A government official in Angola announced that Russian stakes in the country’s two major diamond mines have been sold to an Oman-backed fund as a result of international sanctions. Russia’s diamond giant Alrosa was until now co-owner of Angola’s Catcoa mine, the world’s fourth largest, and Luele mine in partnership with the South African country’s […]