US Suddenly Lifts Sanctions on Bosnian Serb Leader Dodik
Washington has ended sanctions imposed on the former Republika Srpska president Milorad Dodik, his associates, family members and companies connected to them. According to Balkan Insight, in a sudden change of approach, the United States’ Office of Foreign Assets Control, lifted sanctions that had been imposed on the former president of Bosnia’s Serb-led Republika Srpska […]
US puts two major Russian oil companies on sanctions list
A statement from the US Department of Treasury reported that this step was taken due to Russia’s lack of serious commitment to a peace process to end the war in Ukraine. The statement noted that Russia’s two major oil companies, Rosneft and Lukoil, were added to the sanctions list, and that these companies’ subsidiaries were […]
US Hits Firms Moving Iranian Oil and Major China Crude Terminal
According to Bloomberg, The US sanctioned more than 50 individuals, firms and vessels involved in exporting Iranian oil and liquefied petroleum gas, including a key crude-import terminal. The latest designations by the Treasury Department mark the latest effort by Washington to target the Beijing-Tehran energy trade. The agency’s Office of Foreign Assets Control said the […]
China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean
China sacntioned five of South Korean shipbuilder Hanwha Ocean’s U.S. subsidiaries. This step is escalating tensions with Washington over their alleged involvement in a probe into the Chinese shipping industry. The sanctioned subsidiaries are Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC and HS USA Holdings Corp., […]
U.S. sanctions 29 companies in China, Turkey, and UAE over Iran military support
The U.S. government announced a major expansion of its sanctions, adding 29 entries (26 entities and three addresses) to the Commerce Department’s Bureau of Industry and Security (BIS)’s restricted entity list. The sanctions target companies in China (15 firms), Turkey, and the UAE, which the U.S. accuses of providing illicit support to Iran’s military and […]
EU Eyes Sanctions on Russian Ruble-Backed Stablecoin A7A5
The move would prohibit EU-based individuals and companies from interacting with the token, either directly or via intermediaries. The European Union is weighing a fresh round of sanctions targeting A7A5, a ruble-backed stablecoin that has rapidly become the largest non-US-dollar pegged token in the world. The move would prohibit EU-based individuals and companies from interacting […]
US sanctions six Indian firms for buying Iranian petroleum products
The United States has imposed sanctions on six Indian companies for allegedly engaging in significant transactions involving Iranian-origin petrochemical products. “The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. Today, the United States is taking action to stem the flow of revenue that the regime uses to support […]
US sanctions against Serbian NIS to take effect in October
President of Serbia Aleksandar Vučić stated that US sanctions against the Petroleum Industry of Serbia (NIS) is postponed for one week. Sanctions will take effect on 8-9 October. NIS ended up on the sanctions list at the start of this year due to the Russian majority ownership stake in the company, which dates back to […]
US lifts sanctions on Belavia
The United States has lifted sanctions on Belavia, Belarus’s national airline. The decision was announced by John Coel, the US President’s special envoy, during a meeting with Belarusian President Alexander Lukashenko. Coel stated, “I would like to officially announce here that sanctions against Belavia have been lifted. This decision has been approved and entered into […]
Adani turns away sanctioned tankers
Adani Group, India’s largest private port operator, has banned sanctioned tankers. According to local media reports, Adani Group, India’s largest private port operator, has banned sanctioned tankers from the US, UK, or European Union from entering its ports. Adani’s port operations in India are focused more on container and dry bulk transport rather than tankers. […]