EU sanctions 30 individuals and organizations after Navalny’s death
EU foreign ministers have pledged political support for new sanctions after the murder of Russian opposition leader Alexei Navalny in an Arctic penal colony. “We have agreed to impose sanctions under the US global human rights sanctions regime on 30 individuals and organizations responsible for the killing of Alexei Navalny,” Josep Borrell said after the […]
SEC to be sanctioned over DEBT Box decision
A federal judge in the US sanctioned the Securities and Exchange Commission for improper actions against Utah-based crypto company DEBT Box. In the ruling, the SEC’s actions were characterized as a ‘gross abuse of authority’. According to the court ruling, the regulator will also have to pay DEBT Box’s legal costs. The judge’s decision included […]
Sanction against F1 driver Nikita Mazepin canceled
The EU Court has ruled that sanctions against Nikita Mazepin, whose contract with Formula 1 team Haas was terminated following Russia’s invasion of Ukraine, were unjustified. The judges said the economic freeze imposed on the driver in response to the invasion of Ukraine was not justified simply because he is the son of Russian oligarch […]
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 […]
Largest Western bank under pressure to cancel investment in Russia
The US is pressuring Raiffeisen Bank, the largest Western bank in Russia, to cancel a $1.6 billion industrial investment. According to Reuters, the bank has chosen an interesting exit strategy from Russia. In its plan to repatriate its remaining $1.6 billion assets in Russia, it planned to buy shares in the Austrian construction company Strabag, […]