China sanctions 2 US companies over Taiwan
China has sanctioned two US defense companies for supporting arms sales to Taiwan, which China says it can take back by force if necessary. This is a rare development. It includes freezing the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems in China. It also bans company management from entering the country. […]
He’s now a billionaire criminal
87-year-old Joe Lewis has been sentenced to three years of probation for leaking information. With a fortune of $7.3 billion, Lewis joins the ranks of billionaires who have been convicted of a crime but managed to protect their fortunes. The 87-year-old founder of the Tavistock Group was spared prison time by a federal judge in […]
The EU announced the expected decision: Iran’s Censoring Tech Firm Removed from Sanctions List
Despite protests by Iranian democracy activists, the European Union has removed ArvanCloud, an Iranian technology firm accused of censorship, from its human rights sanctions list. According to the official gazette of the European Union, Arvan Cloud (also known as Abr Arvan; Noyan Abr Arvan Co.; Arwan Company; Arvancloud) has been removed from the sanctions list. […]
EU Proposes Sanctions Against Chinese Firms Helping Russia’s War Efforts
The European Union is proposing to impose sanctions on a number of Chinese companies that it alleges helped Russian companies develop drones used against Ukraine. This would require the support of 27 member states. According to documents seen by Bloomberg, the European Commission is also considering restrictions on additional Russian oil tankers to hamper Moscow’s […]
US sanctions Gazprombank and 6 partners
The US Treasury Department announced sanctions against Gazprombank along with 6 of its foreign subsidiaries. In addition to Gazprombank, more than 50 Russian banks with international links were added to the sanctions list to further restrict Russia’s links to the international financial system. Foreign banks are as follows: Luxembourg-based bank GPB International SA, Hong Kong-based […]
This time the US is targeting North Korea’s military financing
On Wednesday last week, the United States announced sanctions against six individuals and two entities based in Russia, China and the United Arab Emirates for funneling funds to North Korea’s weapons programs. The US Treasury Department and the South Korean Foreign Ministry said in a statement that this step was taken in coordination between the […]
China-backed cyberattacks to be sanctioned
The UK government has formally accused China of being behind ‘malicious’ cyber attacks on MPs and the Electoral Commission. Two individuals and a company have been sanctioned for the cyberattacks. British Deputy Prime Minister Oliver Dowden suggests that they were behind attempts to access the data of MPs critical of Beijing and potentially 40 million […]
US may also sanction those involved in Huawei’s secretive chip network
The US Government intends to escalate Washington’s chip wars strategy. Bloomberg claims that sanctions are imminent against a number of Chinese semiconductor companies linked to tech giant Huawei. Leaked reports show that the Chinese companies or entities under scrutiny include some that were highlighted last year in allegations that Huawei was trying to set up […]