US sanctions on Syria are being lifted
The White House announced that US President Donald Trump will sign an executive order that will lift sanctions on Syria. White House Spokesperson Karoline Leavitt spoke at the daily press briefing. Leavitt, who stated that Trump will sign an executive order to end the US sanctions program on Syria as of today, said, “This is […]
US issues new Iran-related sanctions
Treasury Department will continue to degrade Iran’s ability to produce, proliferate ‘deadly weapons,’ says Treasury Secretary Bessent. The Treasury Department’s Office of Foreign Assets Control (OFAC) designated one individual and eight entities, and identified one vessel as blocked property, for their involvement in the procurement and transshipment of “sensitive machinery” for Iran’s defense industry, it […]
U.S. limits Huawei AI chip production
U.S. announces stricter measures on Chinese chipmakers amidst rising technological rivalry. They are limiting Huawei AI chip production to 200.000 units. According to Chosun, The Trump administration has formalized tough measures to curb China’s semiconductor ambitions. Jeffrey Kessler, Vice Minister of the U.S. Department of Commerce, stated during a congressional hearing that, under the export control […]
China plans to turn Shenzhen into AI and aviation hub amid US sanctions
Beijing is deepening reforms to accelerate the development of emerging industries in the Chinese tech hub, which faces a barrage of US trade curbs. The plan focuses on boosting Shenzhen’s ability to create scalable business models in industries such as artificial intelligence and aviation that can be replicated across China, by helping the city cultivate […]
USA sanctions Iran-backed Iraqi group
Sanctions block assets of Iran-backed Iraqi groupp Kata’ib Al-Imam Ali, prohibit US nationals from dealing with them. The US Treasury announced Thursday that it had added Kata’ib Al-Imam Ali, an Iran-backed group in neighboring Iraq, onto its sanctions list. The department’s Office of Foreign Assets Control’s Specially Designated Nationals and Blocked Persons List was updated […]
US hits Hong Kong and UAE firms with new round of Iran-related sanctions
The United States unveiled another round of sanctions targeting 10 individuals and 27 entities tied to Iran’s financial network, spotlighting the crucial financial role it believes Hong Kong and the United Arab Emirates play to help Tehran avoid Washington’s efforts. Aimed at Iranian nationals and a mainland Chinese national as well as Hong Kong and […]
‘Narco subs’ trafficking cocaine targeted in latest U.S. sanction
Six accused drug traffickers allegedly using boats and ‘narco subs’ to traffic cocaine were hit with U.S. sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control said. Four Guyanese nationals — Paul Daby Jr., Randolph Duncan, Mark Cromwell, Himnauth Sawh — and two Colombians — Yeison Andres Sanchez Vallejo and Manuel Salazar […]
US sanctions Iranian shadow banking network
The United States on sanctioned over 30 people and entities it said were tied to an Iranian shadow banking network used to launder billions of dollars for sanctioned institutions affiliated with the Islamic Republic. The network —run by Iranian brothers Mansour, Nasser and Fazlolah Zarringhalam— relied on front companies in Hong Kong and the United […]
US Sanctions 4 ICC members
US Secretary of State Marco Rubio announced sanctions on ICC members, in Response to the ICC’s illegitimate actions targeting the United States and Israel. Marco Rubio said that, “I am designating Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin, and Beti Hohler of Slovenia […]
White House halts new Iran sanctions amid nuclear talks
The White House has issued a directive to pause all new sanctions activity toward Iran, according to The Wall Street Journal. According to the report, White House press secretary Karoline Leavitt issued the order last week, halting measures that had been part of President Donald Trump’s ongoing “maximum pressure” campaign. The directive was passed to […]