Treasury announces new US sanctions on North Korea and Russia
The United States has hit North Korea and Russia with new sanctions targeting Pyongyang’s financial and military support for Moscow as well as its ballistic missile programme. The sanctions, which cover North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest US measure aimed at cutting North Korea’s […]
EU lists 26 individuals and 2 entities in view of the situation in Belarus
The European Union has placed 26 Belarusian individuals and 2 organisations on the sanctions list. According to a written statement from the Council of the EU, Belarusian judges, prison administrators and detention centre officials, the head of the medical unit in one of the correctional institutions ‘where some political prisoners face inhumane conditions and are […]
EU adopts largest ever sanctions package against Russia
European Union member states have adopted the most extensive sanctions package against Russia to date. Under the new sanctions, 52 ships from Russia’s ‘shadow fleet’ and dozens of Russian officials were blacklisted. EU member states adopted the most extensive sanctions package against Russia to date at the EU Foreign Affairs Council meeting in Brussels, Belgium. […]
US sanctions 5 individuals and 4 organizations over Russia
The United States has sanctioned five individuals and four entities linked to the TGR Group, a vast international network that circumvented sanctions on behalf of Russian elites. According to the official statement, this step is being taken in coordination with the UK National Crime Agency, as well as the US Drug Enforcement Administration and the […]
Joint statement from the G7 on diamond sanctions
Botswana and the G7 have announced plans to increase transparency in the diamond trade. A new certification node will help prevent diamonds of Russian origin from entering G7 markets. The G7 import ban on diamonds of Russian origin began on 1 January 2024. On 1 March 2024, Russian diamonds processed in third countries were also […]
Russia Sells Shares in Angolan Diamond Mines due to sanctions
A government official in Angola announced that Russian stakes in the country’s two major diamond mines have been sold to an Oman-backed fund as a result of international sanctions. Russia’s diamond giant Alrosa was until now co-owner of Angola’s Catcoa mine, the world’s fourth largest, and Luele mine in partnership with the South African country’s […]
Switzerland to vote on neutrality after accepting Russia sanctions
Switzerland is in the midst of a new debate following the country’s decision to impose sanctions on Russia over its invasion of Ukraine. The public wants a referendum on neutrality, which they see as a break with the country’s long-standing neutrality. Activists and the right-wing People’s Party, the largest party in parliament, want to enshrine […]
Yellen to Chinese banks: We’ll sanction them if they help Russian war machines
US Treasury Secretary Janet Yellen announced that the US could impose sanctions on Chinese banks and companies as well as the Beijing government if they help the Russian military. US Treasury Secretary Janet Yellen gave an interview to CNBC’s Sara Eisen and said, “We are prepared to take action if we see significant violations, particularly […]
2 Russian billionaires win the case: They got EU sanctions canceled
Russian businessmen Mikhail Fridman and Petr Aven were sanctioned by the European Union for their alleged role in Russia’s invasion of Ukraine. They won their lawsuit and succeeded in having the sanctions against them annulled. The EU General Court ruled that the evidence was insufficient. It upheld their request to be removed from the list […]
EU Proposes Sanctions Against Chinese Firms Helping Russia’s War Efforts
The European Union is proposing to impose sanctions on a number of Chinese companies that it alleges helped Russian companies develop drones used against Ukraine. This would require the support of 27 member states. According to documents seen by Bloomberg, the European Commission is also considering restrictions on additional Russian oil tankers to hamper Moscow’s […]