international-relations-sanctions2.66 min read
"White House Announces Sanctions on Iran in Response to Israel Attack"
1 year ago•Source: The Washington Post
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6.995 min•1 year ago
"US Targets Financial Facilitators of Syrian Regime, Houthis, and IRGC in New Sanctions"
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned 11 individuals and entities for supporting the Syrian regime through illicit financial transfers, drug trafficking, and the extraction and export of Syrian commodities. The sanctions target those involved in the trafficking of Captagon, a highly addictive drug, as well as those facilitating financial transactions for the Assad regime. The revenue from the illicit Captagon trade has become a major source of income for the regime and its armed forces. Additionally, the sanctions aim to disrupt the regime's evasion of sanctions through currency exchanges and seemingly legitimate businesses.
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"EU Imposes Sanctions on Chinese Companies for Supporting Russia"
Euronews•1 year ago
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"EU Proposes Sanctions on Chinese and Indian Companies for Russia Ties, China Opposes"
The Guardian•1 year ago
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"U.S. Sanctions Prompt Tanker U-Turn, Russia's Shadow Fleet in Tight Spot"
The U.S. Treasury Department listed a tanker, NS Leader, for repeatedly violating the $60 price cap on Russian crude oil and making port calls in Russia, prompting the tanker to change its course. The tanker is managed by UAE-based Oil Tankers SCF Mgmt FZCO, which is linked to the Russian government through Sovcomflot. The enforcement efforts have caused disruptions in the flow of Russian oil, with Greek tanker operators and oil deliveries to India being affected.
"US Expands Sanctions on Russia, Targets Shadow Fleet and Diamond Imports"
The US Treasury Department has imposed sanctions on three UAE-based entities and a Liberia-registered oil tanker for violating the price cap on Russian oil, as part of Western sanctions aimed at reducing Russia's ability to fund its war in Ukraine. The sanctions freeze any US assets of the targeted entities and generally bar Americans from dealing with them. Additionally, the US has taken steps to bar the import of certain categories of diamonds mined in Russia, further aiming to deprive Moscow of revenues.
"US Treasury Cracks Down on Russian Price Cap Violators and Expands Sanctions on Shadow Fleet"
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on four entities and one vessel for violating the price cap on Russian oil, while also implementing G7 bans on the importation of Russian diamonds. The entities and vessel were involved in a price cap violation scheme in late 2023, and the sanctions aim to limit Russian revenue from oil and diamonds. The US is part of an international coalition that has agreed to prohibit the import of Russian oil and restrict services related to its maritime transport, with the goal of reducing Russian earnings from oil.
US Targets Transnational Procurement Network Supporting Iran's Ballistic Missile and UAV Programs with Fresh Sanctions
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) has sanctioned a procurement network supplying materials and sensitive technology for Iran's ballistic missile and Unmanned Aerial Vehicle (UAV) programs, including a Hong Kong-based front company involved in the sale of Iranian commodities for the benefit of the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). The action, taken pursuant to Executive Order (E.O.) 13382, targets proliferators of weapons of mass destruction and their means of delivery, and aims to disrupt illicit procurement networks and hold accountable those exporting weapons to terrorist proxy groups. All property and interests in property of the designated entities in the United States or in the possession or control of U.S. persons must be blocked and reported to OFAC, with potential sanctions for those engaging in certain transactions with the designated entities.