China Sanctions Two Lithuanian Banks in Retaliation Against EU Measures
China has sanctioned two Lithuanian lenders, UAB Urbo Bankas and AB Mano Bankas, in response to the European Union’s decision last month to target Chinese financial institutions over alleged links to Russia’s war in Ukraine. The Ministry of Commerce announced that the banks are now on Beijing’s countermeasure list, prohibiting Chinese organizations and individuals from […]
Ukraine sanctions Russian, Chinese, Belarusian firms supplying drone technology
According to the Ukrainian Presidential decree, restrictions were introduced against 39 Russian nationals and 55 companies from Russia, China, and Belarus. The measures target entities involved in the production of drones using artificial intelligence, as well as suppliers of electronic components for unmanned aerial vehicles. Among the sanctioned companies are Russian defense developers Zala Aero, […]
UK targets sanctions circumvention and crypto networks exploited by Russia
According to the statement made by UK’s Foreign, Commonwealth & Development Office, financial networks utilised by Russia to soften the blow of western sanctions are being targeted by the UK. With sanctions continuing to bite, Russia has turned to the Kyrgyz financial sector to channel money through opaque financial networks, including through the use of […]
US imposes sanctions on international court officials in ‘flagrant attack’
The Trump administration has ramped up its efforts to hobble the international criminal court in what the ICC has denounced as a ‘flagrant attack against the independence of an impartial judicial institution’. According to The Guardian, The US state department announced new sanctions on four ICC officials, including two judges and two prosecutors, saying they […]
US issues sanctions against Greek shipper of Iranian oil
The United States has issued a new round of sanctions against Iran, seeking to disrupt oil exports by going after a global network of companies owned by a single Greek shipper. According to Al Jazeera, in a statement published by the US Treasury Department on Thursday, the government announced sanctions on companies and vessels owned […]