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International Relations Sanctions

All articles tagged with #international relations sanctions

international-relations-sanctions1 year ago

"White House Announces Sanctions on Iran in Response to Israel Attack"

The U.S. Treasury Department has imposed new sanctions on Iran in response to its recent drone attack on Israel, targeting Iran's drone program and steel production. The Biden administration aims to disrupt Iran's destabilizing behavior economically, rather than militarily, in an effort to prevent wider hostilities in the Middle East. The sanctions focus on entities involved in Iranian drone production and steel materials, with the goal of making it harder for Iran to continue its aggressive actions.

via The Washington Post|
#drone-production#international-relations-sanctions#iran
international-relations-sanctions1 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.

via Treasury|
#drug-trafficking#financial-facilitators#international-relations-sanctions
international-relations-sanctions1 year ago

"Global Crackdown: Impact of US Sanctions and Price Caps on Russian Tanker Trade"

The US has imposed sanctions on Russia's leading tanker group Sovcomflot in an effort to reduce Russia's revenues from oil sales that could be used to support the invasion of Ukraine. The sanctions target 14 crude oil tankers and freeze any US assets of those targeted, while also issuing general licenses allowing the offloading of crude oil from the vessels for 45 days. This move is part of Western efforts to add costs to the shipping of Russian crude oil and oil products, ultimately limiting Russia's revenue from oil sales.

via Reuters|
#international-relations-sanctions#oil#russia
international-relations-sanctions1 year ago

"EU Imposes Sanctions on Chinese Companies for Supporting Russia"

The European Union has imposed a new round of sanctions on Russia, targeting companies in mainland China suspected of aiding the Kremlin in obtaining prohibited items, as well as firms worldwide providing Russia with advanced technology and military goods. The sanctions also focus on Russian-operated institutions re-educating children kidnapped from Ukraine. The package, which includes nearly 200 people and entities, aims to degrade Putin's war machine and combat sanctions evasion. Despite some hurdles, the penalties were approved ahead of the symbolic deadline marking two years since Russia invaded Ukraine.

via Euronews|
#china#european-union#international-relations-sanctions
international-relations-sanctions1 year ago

"EU Proposes Sanctions on Chinese and Indian Companies for Russia Ties, China Opposes"

The EU is considering imposing sanctions on companies in mainland China, Hong Kong, and India for aiding Russia's military efforts by providing technology through third countries. This move aims to close loopholes and prevent Russia from circumventing existing restrictions. The proposed sanctions also target Russian shipping companies involved in arms transportation from North Korea to Russia. The EU seeks to crack down on firms supporting Russia's military and plans to impose asset freezes and visa bans on more Russian officials.

via The Guardian|
#china#eu#international-relations-sanctions
international-relations-sanctions1 year ago

"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.

via The Maritime Executive|
#international-relations-sanctions#international-trade#oil-tankers
international-relations-sanctions1 year ago

"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.

via Reuters|
#international-relations-sanctions#oil#russia
international-relations-sanctions1 year ago

"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.

via Treasury|
#g7#international-relations-sanctions#price-cap-violation
international-relations-sanctions1 year ago

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.

via Treasury|
#ballistic-missiles#international-relations-sanctions#iran