UK Imposes Record $1.3 Million Fine on Sabre Corp. Unit for Breaching Russia Sanctions
Britain has levied a fine of more than £1 million (approximately $1.3 million) against the UK subsidiary of the airline ticketing services provider Sabre Corp. This penalty marks the largest fine issued by the UK for violations of the anti-Russian sanctions implemented following the 2022 invasion of Ukraine. According to the UK’s Office of Financial […]
UK Chokes Off Russian Oil Revenue with New Wave of Maritime Sanctions
The UK has announced 70 new sanctions aimed at choking off Russia’s war economy, coinciding with the G7 Summit in Évian-les-Bains. The measures target three primary areas: The “Shadow Fleet” and Energy Exports: The UK is targeting over 20 oil tankers and is the first G7 nation to sanction newly acquired Liquefied Natural Gas (LNG) […]
UK cracks down on backdoor Russian sanctions evasion with tough new measures
The UK government has announced a tough new package of sanctions targeting shadow financial systems, cryptocurrency exchanges, and illicit networks that Russia uses to bypass existing sanctions and fund its war in Ukraine. The primary target is the Kremlin-backed “A7 network,” which claims to have moved over $90 billion last year to process oil money […]
Ukraine Sanctions 121 Russian Military Commanders and Religious Figures
Ukrainian President Volodymyr Zelenskyy has approved a new wave of sanctions targeting 121 Russian military commanders responsible for orchestrating missile strikes on Ukraine, alongside nine religious figures accused of spreading pro-war propaganda. The sanctions single out commanders across multiple branches of the Russian military who directly ordered or executed bombardments: Commanders responsible for firing over […]
US Hits Iran’s Oil Transport Network with New Sanctions
On Wednesday, the U.S. Treasury Department announced a fresh wave of sanctions aimed at crippling Iran’s oil transportation infrastructure. The new measures target a total of more than two dozen individuals, businesses, and ships. The primary focus of these sanctions is a shipping network operated by Iranian oil tycoon Mohammad Hossein Shamkhani. He is the […]
Bessent warns ‘all options are on the table’ for Russia sanctions
Treasury Secretary Scott Bessent told that “all options are on the table” as the Trump administration weighs sanctions on Russia after President Vladimir Putin continued to bombard Ukraine despite recent talks about peace. Bessent spoke with Senior National Correspondent Rich Edson at Martin’s Tavern in Washington, D.C., responding to a question about potential sanctions on […]
US issues new sanctions to Sudan because of chemical weapon usage
The US will impose new sanctions on Sudan after finding it used chemical weapons last year in the ongoing civil war against the Rapid Support Forces (RSF), the state department has said. US exports to the country will be restricted and financial borrowing limits put in place from 6 June, a statement from spokesperson Tammy […]
Treasury announces new US sanctions on North Korea and Russia
The United States has hit North Korea and Russia with new sanctions targeting Pyongyang’s financial and military support for Moscow as well as its ballistic missile programme. The sanctions, which cover North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest US measure aimed at cutting North Korea’s […]