US sanctions Gazprombank and 6 partners
The US Treasury Department announced sanctions against Gazprombank along with 6 of its foreign subsidiaries. In addition to Gazprombank, more than 50 Russian banks with international links were added to the sanctions list to further restrict Russia’s links to the international financial system. Foreign banks are as follows: Luxembourg-based bank GPB International SA, Hong Kong-based […]
The largest sanctions package against Russia’s shadow fleet
The UK has imposed sanctions on 30 ships belonging to Russia’s shadow fleet, said to be carrying more than billions of dollars worth of oil and products. This is the UK government’s largest sanctions package of its kind, aimed at limiting the Kremlin’s ability to finance the war in Ukraine. Only half of these ships […]
UK sanctions on kleptocrats this time
The UK has sanctioned kleptocrats and announced the launch of the Foreign Office’s new campaign against dirty money. ‘Sanctions have been imposed on three notorious kleptocrats who siphoned off their fortunes from their countries, and on their friends, family and fixers who helped them,’ the UK Foreign Office said in a statement. The following statements […]
US Sanctions Busters Spy on Russian UBS Clients
With the takeover of Credit Suisse, UBS also acquired some clients who did not meet its risk or reputation standards. Now, the US authority responsible for sanctions is reportedly asking the major Swiss bank about its Russian clients. OFAC is said to have contacted UBS and asked questions about Russian clients. This is said to […]
US to Sanction One of Russia’s Largest Banks
Gazprombank, the last of Russia’s major state-owned banks, which maintains access to SWIFT and settlements in major world currencies, will be subject to new US sanctions. US President Joe Biden’s administration is considering the possibility of designating Gazprombank (GPB), Russia’s third largest bank by assets, which serves as a centre for gas deals with Europe. […]
US Treasury puts 13 Russian firms on radar for using crypto to evade sanctions
13 financial firms are accused of facilitating trading on the Russian market. They are therefore under scrutiny by the US Treasury Department. The US Treasury Department has imposed sanctions on these 13 business entities and 2 individuals. According to a press release from the Treasury Department’s Office of Foreign Assets Control, the majority of the […]
UK government sanctions successor to Wagner Group
The UK government has announced sanctions against three mercenary groups linked to Russia, including Wagner’s successor organisation Africa Corps. ‘These sanctions will address Russia’s malign activities in Libya, Mali and the CAR (Central African Republic) and will expose and counter Russia’s illegal activities in Africa,’ the statement said. Russian mercenaries from the Wagner group or […]
Russia’s fines against Google exceeded 20 decillion dollars
The amount of fines imposed by Russian courts on Google for removing channels belonging to Russian organisations and individuals on YouTube has exceeded 20 decillion dollars. Speaking to the Russian news agency TASS, legal expert Ivan Morozov said that administrative fines were imposed on Google in the country for removing some channels on YouTube. Pointing […]
New sanctions against Belarus from the USA, Canada and the UK
The US Treasury Department has announced sanctions against individuals and entities in Belarus that support Russia’s war in Ukraine through military funding and production of goods. The sanctions, imposed on a total of 19 individuals, 14 entities and one aircraft, reportedly target individuals who circumvented sanctions on behalf of Belarusian defence organisations and provided income […]
Russia does not expect sanctions to be lifted quickly after Trump’s victory, union leader says
The head of the Russian Union of Industrialists and Entrepreneurs says that Russian entrepreneurs are cautious in relations with the West, hoping for the best but preparing for the worst. The president of the association, Aleksandr Shohin, says that although sanctions against Russia are being imposed quickly, they will be lifted gradually. According to him, […]