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 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, […]
The US will impose sanctions on 200 more Chinese chip companies: High-bandwidth memory may also face export ban
An e-mail sent by the US Chamber of Commerce, the largest lobby group in the US, to its members, indicating that High Bandwidth Memory (HBM) exports will also be banned, caused the leak of the sanctions plan. As is well known, the US has been engaged in a chip war with China for several years […]
EU Proposes Sanctions Against Chinese Firms Helping Russia’s War Efforts
The European Union is proposing to impose sanctions on a number of Chinese companies that it alleges helped Russian companies develop drones used against Ukraine. This would require the support of 27 member states. According to documents seen by Bloomberg, the European Commission is also considering restrictions on additional Russian oil tankers to hamper Moscow’s […]
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. […]
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, […]