U.S. Sanctions Related to Iranian Nuclear-Related Research with Potential Military Applications
The Department of State sanctioned three Iranian nationals and one Iranian entity with ties to Iran’s Organization of Defensive Innovation and Research, which is known by its Persian acronym, SPND – the direct successor organization to Iran’s pre-2004 nuclear weapons program, also referred to as the Amad Project. As in the announcement all individuals sanctioned […]
US expands sanctions against Jalisco New Generation Cartel
The U.S. government announced new economic sanctions and a financial crimes alert targeting the powerful Jalisco New Generation Cartel (CJNG) and its fuel theft network. The U.S. Treasury Department imposed sanctions on “three Mexican nationals and two Mexican-based entities linked to” the CJNG. Also the U.S. Financial Crimes Enforcement Network (FinCEN) issued an alert urging […]
US Announces Sanctions Against Myanmar Military for ‘Facilitating’ Cyber Scams
The U.S. government has sanctioned a major militia in eastern Myanmar, describing it as “a key enabler” of online fraud operations that are costing Americans billions of dollars per year. In a statement, the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC) said that it had sanctioned the Karen National Army (KNA), along with […]
USA’s new sanctions targeting Iran’s Ballistic Missile Program
The United States is sanctioning six entities and six individuals based in Iran and China for their role in a network procuring ballistic missile propellant ingredients on behalf of Iran’s Islamic Revolutionary Guard Corps. Action, which targets this network that has facilitated the procurement of sodium perchlorate and dioctyl sebacate from China to Iran, is […]
U.S. puts off sanctions on Serbia’s NIS until June 27
The U.S. Treasury Department has postponed enforcement of sanctions against Serbia’s Russian-controlled sole oil refiner NIS by two months, until June 27, NIS said. “NIS is grateful to the Government of the Republic of Serbia and all other domestic and foreign institutions that supported the request sent to the U.S. Treasury Department,” the company said […]
USA imposes sanctions against Bank of Yemen for supporting Houthis
The Trump administration announced sanctions against the International Bank of Yemen Y.S.C. (IBY) on Thursday for its financial support of Houthi terrorists. Along with the bank, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) is sanctioning key leaders of IBY, like its Chairman of the Board of Directors Kamal Hussain Al […]
US imposes sanctions on Chinese refinery accused of buying Iranian oil
The sanctioned refinery in China’s Shandong province received dozens of shipments of crude oil from Iran worth more than $1 billion, the Trump administration said. Officials also announced that several companies and vessels involved in the shipments were added to the sanctions list. The new penalties were imposed by the Office of Foreign Assets Control […]
China imposes Hong Kong sanctions on US congressmen
A spokesman for China’s Ministry of Foreign Affairs said “Any wrongful actions taken by the United States side on Hong Kong-related issues will be met with China’s resolute retaliation and reciprocal countermeasures.” China will apply tit-for-tat sanctions on US Congress members, officials, and heads of non-governmental organisations Beijing said had ‘acted egregiously’ on Hong Kong-related […]
US targets China oil storage terminal in new Iran-related sanctions
The Trump administration imposed sanctions on Iranian oil trading networks including on a China-based crude oil storage terminal linked via a pipeline to an independent refinery, just days before talks between the U.S. and Iran. The U.S. imposed sanctions on Guangsha Zhoushan Energy Group Co Ltd, which operates a crude oil and petroleum products terminal […]
China punishes US drone industry in latest salvo
China has dropped the hammer on 11 US-based drone manufacturers — including Skydio, BRINC Drones, and Boeing-owned Insitu — by placing them on its ‘unreliable entity’ list, a move that subjects these companies to sweeping trade sanctions and export restrictions. The Chinese government accuses US drone makers of engaging in ‘military technology cooperation with Taiwan,’ […]