US Hits Firms Moving Iranian Oil and Major China Crude Terminal
According to Bloomberg, The US sanctioned more than 50 individuals, firms and vessels involved in exporting Iranian oil and liquefied petroleum gas, including a key crude-import terminal. The latest designations by the Treasury Department mark the latest effort by Washington to target the Beijing-Tehran energy trade. The agency’s Office of Foreign Assets Control said the […]
EU Imposes ‘Competition’ Sanction on Gucci, Chloé, and Loewe: Total Fine is €294 Million
The European Union has fined Gucci, Chloé, and Loewe a total of €157 million for obstructing competition. The brands are accused of interfering with the price policies of retailers, and regulatory pressures in the sector are increasing. The European Union’s competition authority has fined the brands Gucci, Chloé, and Loewe a total of €157 million […]
China targets five U.S. subsidiaries of South Korea’s Hanwha Ocean
China sacntioned five of South Korean shipbuilder Hanwha Ocean’s U.S. subsidiaries. This step is escalating tensions with Washington over their alleged involvement in a probe into the Chinese shipping industry. The sanctioned subsidiaries are Hanwha Shipping LLC, Hanwha Philly Shipyard Inc., Hanwha Ocean USA International LLC, Hanwha Shipping Holdings LLC and HS USA Holdings Corp., […]
UK targets Russian oil market in fresh sanctions
Britain is targeting Russia’s largest oil companies and the country’s “shadow fleet” of oil tankers in a bid to cut off Vladimir Putin’s ability to fund the war in Ukraine. The UK government is also pursuing a major Indian oil refinery and four Chinese oil terminals in a package of 90 new sanctions. The Russian […]
US, UK sanction huge Southeast Asian crypto scam network
According to Al Jazeera, the crackdown targets a number of entities and individuals linked to the Prince Group network that used hundreds of thousands of trafficked workers for defrauding people around the world. The United States and United Kingdom have announced sweeping sanctions against a Southeast Asia-based multinational crime network for running a chain of […]