Shadow fleet sanctions from the UK
The UK has imposed sanctions on 10 ships it says are part of Russia’s ‘shadow fleet’, a group of ships that resort to illegal practices to evade sanctions on Russian oil. The new sanctions are aimed at further reducing Russian oil revenues, the most critical source of funding for Russian leader Vladimir Putin’s illegal war […]
Cambodia says US sanctions against businessman Ly Yong Phat unfair and politically motivated
Cambodia’s foreign ministry expressed deep regret over a U.S. decision to sanction a local tycoon and senator over alleged trafficking of people forced to work in scam centres, calling it politically motivated. The U.S. sanctions came at a delicate phase in relations, as Cambodia moves ever closer to Washington’s strategic rival China despite U.S efforts […]
US sanctions Chinese entities over Pakistan’s ballistic missile program
The US has sanctioned Chinese suppliers and a Pakistani entity for their alleged involvement in Pakistan’s ballistic missile program, officials said. This is the second time this year that Washington has taken such a decision. The US State Department announced sanctions against five entities and one individual accused of transferring missile technology and equipment in […]
CSSF imposes sanction on DNB Asset Management S.A.
The Luxembourg Commission for the Supervision of the Financial Sector (CSSF) imposed an administrative sanction on DNB Asset Management S.A. for non-compliance with professional obligations relating to general organizational requirements, supervision of delegates, codes of conduct and EMIR obligations. Noting that the administrative sanction imposed on the mutual fund manager DNB Asset Management S.A. consists […]
US sanctions 16 Venezuelan officials supporting Maduro
The US Treasury Department has sanctioned 16 Venezuelan officials who support Venezuelan President Nicolas Maduro. The sanctions were imposed for ‘obstructing the electoral process and the publication of accurate election results’, the statement said. The US Treasury Department announced yesterday that sanctions have been imposed on Venezuelan President Nicaolas Maduro and 16 senior officials who […]