Maximum amount of corporate fine to rise due to national implementation of Sanctions Criminalisation Offences Directive
New legislation that enters into force roday (20th May, 2025) will implement the Sanctions Criminalisation Directive of the European Union in Finland. The purpose of the Directive is to ensure that offences against sanctions are punishable in all EU Member States and that the related national penal provisions meet a common minimum level. The Criminal […]
Hong Kong vows enforcement of UN Iran sanctions, hits out at US measures
Locally based Super Sources Industrial and owner Wang Chao among list of firms, individuals hit by US sanctions for alleged Iran missile programme support. The Hong Kong government has reaffirmed its commitment to strictly enforcing UN Security Council sanctions while hitting out at the United States’ unilateral decision to penalise a company based in the […]
NPA to sanction non-compliant oil marketing companies
The acting Chief Executive of the National Petroleum Authority, Mr. Godwin Kudzo Tameklo, has reaffirmed the Authority’s commitment to ensuring compliance with the rules and procedures governing operations in the country’s downstream petroleum industry. He stated that while the NPA would bring a human face to the law, sanctions would be enforced against industry players […]
UK Sanctions Azerbaijan State-Owned Tanker for Shipping Russian Oil
The sanctions on Azerbaijani companies and individuals come as the country is deepening energy ties with the European Union. A tanker sanctioned by the U.K. for shipping oil on behalf of Russia is owned by the government of Azerbaijan, corporate documents show. Targeting a state-owned tanker was a warning to Azerbaijan at a time when […]
EU finalizes 17th sanctions package against Russia
The new measures, approved on the eve of a possible face-to-face meeting between Putin and Zelensky, focus mainly on Moscow’s “ghost fleet,” effectively extending the restrictions already in place to more vessels, individuals, and entities linked to the Kremlin’s war effort. The ambassadors of the 27 member states finalized the 17th package of sanctions against […]