China-backed cyberattacks to be sanctioned
The UK government has formally accused China of being behind ‘malicious’ cyber attacks on MPs and the Electoral Commission. Two individuals and a company have been sanctioned for the cyberattacks. British Deputy Prime Minister Oliver Dowden suggests that they were behind attempts to access the data of MPs critical of Beijing and potentially 40 million […]
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 […]
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, […]
Taiwanese businessman Tsao to sue Chinese authorities over sanctions
Taiwanese businessman Robert Tsao announced that he will sue senior Chinese officials in a Taiwanese court over sanctions imposed on him. Tsao said he is trying to counter China’s intimidation of his legal activities. China, which claims Taiwan as its territory, said last month that it would punish and sanction Tsao, the retired founder of […]
SEC to be sanctioned over DEBT Box decision
A federal judge in the US sanctioned the Securities and Exchange Commission for improper actions against Utah-based crypto company DEBT Box. In the ruling, the SEC’s actions were characterized as a ‘gross abuse of authority’. According to the court ruling, the regulator will also have to pay DEBT Box’s legal costs. The judge’s decision included […]
US may also sanction those involved in Huawei’s secretive chip network
The US Government intends to escalate Washington’s chip wars strategy. Bloomberg claims that sanctions are imminent against a number of Chinese semiconductor companies linked to tech giant Huawei. Leaked reports show that the Chinese companies or entities under scrutiny include some that were highlighted last year in allegations that Huawei was trying to set up […]
OFAC issues updated Advisory on ransomware payments risks
Recently issued OFAC advisory informs about the sanctions-related risks of the growing threat of ransomware payments.