Turning point in tech war: China sanctions US biotech industry
Leading American genomic sequencing firm Illumina says it is evaluating Beijing’s announcement with hope of ‘positive resolution’ China’s Ministry of Commerce announced on Tuesday the inclusion of a major US biotech company on its “unreliable entity list” while stating that the firm’s “discriminatory measures against Chinese enterprises” harmed the legitimate rights and interests of Chinese […]
Western Union halts money transfers to Cuba due to U.S. sanctions
Financial services company Western Union has halted money transfers to Cuba following the reinstatement of sanctions by the U.S. State Department on Cuban military-run businesses. This move is already impacting Cuban American families who rely on sending financial support to relatives on the island, News.Az reports citing CBS news. U.S. Secretary of State Marco Rubio […]
US imposes sanctions on international network shipping Iranian oil to China
The U.S. Treasury Department on Thursday imposed sanctions on an international network, alleging that it has facilitated the shipment of Iranian oil to China. The sanctions target entities and individuals in China, India and the United Arab Emirates, as well as several vessels. The network has facilitated the shipment of millions of barrels of Iranian […]
‘US sanctions will not affect Russian oil’
The comprehensive sanctions imposed by the US on Russia’s oil industry are unlikely to deal a major blow to production as high freight rates and the country’s cheap crude oil favour trade, according to Goldman Sachs. Analysts, including Callum Bruce, wrote in a note dated 24 January that higher rates are encouraging non-sanctioned vessels to […]
Murmansk seaport on target
The port of Lavna is built to help Russian companies re-orient trade and circumnavigate international sanctions. Now the grand infrastructure object in the Kola Bay is itself put on the sanction list. The Lavna port is one of the many companies that is included in the major new sanctions package announced by the US Treasury […]
Chinese Supplier Wison is sanctioned for Illicit Delivery of a Power Plant to Arctic LNG2
As part of a massive sanctions package days before the end of the Joe Biden administration, the U.S. blocked a key Chinese technology provider, Zhoushan Wison Offshore and Marine. The company had been the focus of a HNN investigation in October 2024. Three months after HNN uncovered an elaborate scheme to deliver a Chinese power […]
US sanctions Hungarian Antal Rogan over alleged corruption
The US imposed sanctions on Antal Rogan, a senior Hungarian official, on Tuesday, citing his alleged involvement in systemic corruption. Rogan, a prominent member of Prime Minister Viktor Orban’s government and head of the Cabinet Office, is accused of orchestrating schemes to misappropriate public resources and enrich himself and his political allies. According to the […]
US sanctions former SriLankan Airlines CEO
The US has sanctioned former SriLankan Airlines CEO Kapila Chandrasena for allegedly accepting bribes in the purchase of Airbus aircraft. The sanctions include his family and freeze his assets in the US. The US State Department announced the sanctions on the eve of International Anti-Corruption Day and Human Rights Day, covering several countries. The sanctions […]
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 […]
Yellen to Chinese banks: We’ll sanction them if they help Russian war machines
US Treasury Secretary Janet Yellen announced that the US could impose sanctions on Chinese banks and companies as well as the Beijing government if they help the Russian military. US Treasury Secretary Janet Yellen gave an interview to CNBC’s Sara Eisen and said, “We are prepared to take action if we see significant violations, particularly […]