UK sanctions: £25bn of Russian assets frozen
New data released on 21 March reveals the impact of UK sanctions on Russia. It is reported that more than £25bn of Russian assets have been frozen since Russia’s illegal invasion of Ukraine. According to the annual review by Britain’s Financial Sanctions Enforcement Office, the UK, together with its allies, has imposed the most severe […]
South Korea Plans Sanctions Against BitMEX, KuCoin and CoinW
South Korea plans to sanction unregistered crypto exchanges such as BitMEX, KuCoin and others for operating illegally without VASP licences. The Financial Intelligence Unit (FIU) has identified a number of exchanges that have not registered as Virtual Asset Service Providers (VASPs), a requirement under South Korean law. The exchanges facing potential sanctions include BitMEX, KuCoin, […]
China sanctions US defence companies
The Chinese Ministry of Commerce has placed two American companies on the sanctions list for arms sales to Taiwan. The companies included in the list were Lockheed Martin and Raytheon Technologies working with the US Department of Defence. In line with the sanctions decision, both companies and their subsidiaries Raytheon Missile and Defence Corporation will […]
US targets Iranian oil network
The US announced that it has placed some companies that purchase, process and transport Iranian oil on the sanctions list. According to the US Treasury Department, a China-based ‘teapot’ oil refinery that buys and processes hundreds of billions of dollars worth of crude oil from Iran and its top executive have been added to the […]
Trump announces tariffs on countries buying oil and gas from Venezuela
US President Donald Trump announced that a 25 per cent tariff will be imposed on countries buying oil or gas from Venezuela from 2 April. In his post on the Truth Social social media account, Trump claimed that Venezuela has deliberately and fraudulently sent tens of thousands of criminals to the United States secretly. Stating […]