Ukraine imposes new sanctions against Russia, Iran and China
Ukraine has imposed new sanctions against legal and natural persons from Russia, Iran and China. While President Volodymyr Zelensky signed the relevant decree, the decision of the National Security and Defence Council of Ukraine dated 19 September 2024 ‘On the Application of Personal Special Economic and Other Restrictive Measures (Sanctions)’ entered into force. According to […]
Iran Reportedly Using British Banking Giants to Evade Sanctions
Iran reportedly used two of the UK’s largest banks to circumvent sanctions. Santander UK and Lloyds allegedly provided accounts to shell companies belonging to sanctioned Iranian petrochemical companies. The Iranian state-run Petrochemical Trading Company (PCC) was part of a network accused by the US of raising hundreds of millions of dollars for the Iranian Revolutionary […]
Abbott keeps 33 million dollars sanction award from Diabetes Strip Case
Abbott Laboratories’ 33.4 million dollars sanctions award imposed in a trademark infringement lawsuit survived as the Second Circuit found a medical product wholesaler wasn’t entitled now to a jury trial to determine the amount. H&H Wholesale Services Inc., its CEO, and his wife ‘waived their right’ to a trial over the case-ending sanctions amount when […]
UK restricts Russia’s future LNG plans
The UK has imposed sanctions on 5 vessels and 2 entities operating in Russia’s Liquefied Natural Gas (LNG) sector. The UK’s latest step builds on efforts with allies to block Russian President Vladimir Putin’s attempts to boost Russia’s future energy revenues, the most critical source of funding for his war in Ukraine. Action has been […]
Cryptocurrency exchange network accused of helping Russia to circumvent sanctions
A network linked to Russian cybercrime and virtual currency exchanges has faced sanctions as part of a government-wide effort to combat cybercrime, ahead of US President Joe Biden’s meeting with Ukrainian President Zelensky. The US Treasury sanctioned Sergey Ivanov, an alleged Russian hacker, and Cryptex, a St Vincent and the Grenadines-registered virtual currency exchange operating […]