Tether blocked Venezuela’s crypto move
USDT issuer Tether announced that it will block payments to entities sanctioned by OFAC following a report that Venezuela’s state-run oil company allegedly used USDT to facilitate oil exports. USDT issuer Tether has announced that it will freeze addresses linked to sanctioned entities following a report that Venezuela is using stablecoins to circumvent sanctions. In […]
Brussels downplays lapses in sanctions against oligarchs
The decisions of the EU courts cancelling the freezing of assets of Russian businessmen do not disturb the overall strategy. The European Union has designed sanctions against Russian oligarchs to put pressure on Russian President Vladimir Putin, but these sanctions face a number of legal challenges. Most recently, the European Union cancelled travel bans and […]
European Commission to impose new sanctions on Russian LNG
The European Commission is expected to propose restrictions on Russian liquefied natural gas (LNG) for the first time in its next sanctions package, three EU sources told Reuters. The sanctions would include a ban on transit shipments in the EU and measures against three Russian LNG projects. The Commission is in the final stages of […]
Bombardier exempted from sanctions on Russian titanium
Montreal-based aircraft manufacturer Bombardier has become the second major Canadian company to be exempted from federal government sanctions on Russian titanium. Thanks to this decision, Bombardier, together with its European partner Airbus, will be able to continue using titanium-containing parts produced by Russia’s VSMPO-AVISMA company, headquartered in Verkhnyaya Salda. In a conference call with journalists […]
North Korea sanctions bring US and China together
The United States is calling on China to do more as the mandate of the UN panel tasked with monitoring North Korea’s sanctions violations expires this month. “Beijing can do more to combat North Korea’s sanctions-busting efforts in PRC territorial waters, repatriate North Korean workers earning income in PRC territory, and shut down their supply […]