‘Narco subs’ trafficking cocaine targeted in latest U.S. sanction
Six accused drug traffickers allegedly using boats and ‘narco subs’ to traffic cocaine were hit with U.S. sanctions, the U.S. Department of the Treasury’s Office of Foreign Assets Control said. Four Guyanese nationals — Paul Daby Jr., Randolph Duncan, Mark Cromwell, Himnauth Sawh — and two Colombians — Yeison Andres Sanchez Vallejo and Manuel Salazar […]
US sanctions Iranian shadow banking network
The United States on sanctioned over 30 people and entities it said were tied to an Iranian shadow banking network used to launder billions of dollars for sanctioned institutions affiliated with the Islamic Republic. The network —run by Iranian brothers Mansour, Nasser and Fazlolah Zarringhalam— relied on front companies in Hong Kong and the United […]
US Sanctions 4 ICC members
US Secretary of State Marco Rubio announced sanctions on ICC members, in Response to the ICC’s illegitimate actions targeting the United States and Israel. Marco Rubio said that, “I am designating Solomy Balungi Bossa of Uganda, Luz del Carmen Ibáñez Carranza of Peru, Reine Adelaide Sophie Alapini Gansou of Benin, and Beti Hohler of Slovenia […]
White House halts new Iran sanctions amid nuclear talks
The White House has issued a directive to pause all new sanctions activity toward Iran, according to The Wall Street Journal. According to the report, White House press secretary Karoline Leavitt issued the order last week, halting measures that had been part of President Donald Trump’s ongoing “maximum pressure” campaign. The directive was passed to […]
Mitsui OSK Seeks Japan’s Help as EU Sanctions LNG Tankers
Mitsui OSK Lines Ltd. is seeking help from the Japanese government after a surprise decision by the European Union to sanction three of its liquefied natural gas tankers linked to a Russian project. As Bloomberg reports, “We are not at all happy about this, so we are now lobbying the EU through various channels, including […]
US issues new sanctions to Sudan because of chemical weapon usage
The US will impose new sanctions on Sudan after finding it used chemical weapons last year in the ongoing civil war against the Rapid Support Forces (RSF), the state department has said. US exports to the country will be restricted and financial borrowing limits put in place from 6 June, a statement from spokesperson Tammy […]
USA Statement: Providing Sanctions Relief for the Syrian People
Marco Rubio, US Secretary of State announced a statement that US issued a general license providing immediate sanctions relief for Syria. “In accordance with the President’s promise to deliver sanctions relief to Syria, I have issued a 180-day waiver of mandatory Caesar Act sanctions to ensure sanctions do not impede the ability of our partners […]
EU finalizes 17th sanctions package against Russia
The new measures, approved on the eve of a possible face-to-face meeting between Putin and Zelensky, focus mainly on Moscow’s “ghost fleet,” effectively extending the restrictions already in place to more vessels, individuals, and entities linked to the Kremlin’s war effort. The ambassadors of the 27 member states finalized the 17th package of sanctions against […]
Hungary Objects to Proposed EU Sanctions on Lukoil Dubai Unit
Hungary raised objections to a European Union proposal to sanction Litasco Middle East DMCC, a Dubai-based trading unit of Russian oil giant Lukoil PJSC, according to people familiar with the matter. According to Bloomberg, EU envoys started debating this week the bloc’s plans for a new package of sanctions on Russia over its full-scale invasion […]
US sanctions Chinese refinery, oil firms over Iran oil shipments
The United States on Thursday sanctioned a China-based independent “teapot” refinery and three oil terminal operators for helping deliver hundreds of millions of dollars’ worth of Iranian oil, according to the State Department. This is the US’ third action against a China-based independent teapot refinery since President Donald Trump revived his “maximum pressure” campaign against […]