China sanctions 13 US firms over Taiwan
China has sanctioned at least 13 American defense firms and six executives over arms sales to Taiwan, which Beijing considers a ‘breakaway province’. Foreign Ministry spokesman Lin Jian said, “Taiwan independence and peace in the Taiwan Straits are fundamentally incompatible. The US insistence on using force to support Taiwan’s independence cannot change China’s firm determination […]
Trump may target Iraq’s oil sector to counter Iranian influence
US President-elect Donald Trump’s planned maximum sanctions against Iran could extend to neighbouring Iraq, targeting OPEC’s second largest crude oil producer and a known hotbed of oil smuggling, according to three sources familiar with the talks. According to S&P Global Commodity Insights, the imposition of secondary sanctions on Baghdad, similar to the US sanctions on […]
US Court Cancels Sanctions on Crypto Mixer Linked to N. Korea Hack
A federal appeals court has ruled that the US Treasury Department exceeded its authority by sanctioning cryptocurrency mixer Tornado Cash after a North Korean hacking group used the software to launder more than $455 million. A three-judge panel of the Court of Appeals sided with six users of crypto-mixing services who argued that the software […]
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 […]
US sanctions 21 senior Venezuelan officials over election pressure
In the US, the Joe Biden administration has sanctioned 21 Venezuelan officials for their role in the suppression of protests following the disputed presidential election in July. According to a senior representative of the administration, this group, which targeted innocent civilians for repression and retaliation, includes 15 leaders from the Bolivarian national guard, national police, […]
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 […]
UN expert to EU: Sanction Israel, not individuals
UN Special Rapporteur Francesca Albanese compared the West’s outrage over aid workers in Gaza to its reaction to murdered Palestinians and accused the West of racism. Albanese says the EU should sanction the state of Israel, not just extremist settlers. “Settlers operate as part of Israel’s expansionism over what is left of historic Palestine,” Francesca […]
China sanctions 2 US companies over Taiwan
China has sanctioned two US defense companies for supporting arms sales to Taiwan, which China says it can take back by force if necessary. This is a rare development. It includes freezing the assets of General Atomics Aeronautical Systems and General Dynamics Land Systems in China. It also bans company management from entering the country. […]
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 […]