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 […]
Ukraine bans China’s firms because of helping Russia
Ukraine imposed sanctions on three Chinese companies, claiming they were involved in production of advanced Iskander missiles, a day after President Volodymyr Zelenskiy alleged that China had been supplying weapons to Russia. Zelenskiy’s administration published an updated list of sanctioned entities. The list, which also includes Russian companies, named Beijing Aviation And Aerospace Xianghui Technology […]
UAE sanctions bank for failing to comply with anti-money laundering policies
The Central Bank of the UAE (CBUAE) has imposed a financial sanction on a bank operating in the country for failing to comply with policies and procedures related to anti-money laundering and combating the financing of terrorism and illegal organisations. The penalty comes pursuant to Article (14) of the Federal Decree Law No. (20) of […]
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 […]
Three individuals added to EU sanctions list for malicious cyber activities against Estonia
The European Council adopted additional restrictive measures against three Russian individuals responsible for a series of cyberattacks carried out against the Republic of Estonia in 2020. The individuals listed are officers of the General Staff of the Armed Forces of the Russian Federation (GRU) Unit 29155. The cyber-attacks granted attackers unauthorized access to non-public information […]
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 […]
UK sanctions Georgian officials responsible for allowing brutal police violence
UK sanctions four Georgian officials, including Georgia’s General Prosecutor, as part of latest action against serious human rights violations. With this statement UK becomes first state to sanction Georgia’s General Prosecutor as part of latest action against serious human rights violations. The UK has sanctioned four more high-ranking Georgian officials for their role in allowing […]
Russia Asked U.S. to Lift Sanctions From Aeroflot
Russian authorities have asked Washington to lift sanctions against their flagship airline Aeroflot to resume direct flights with the United States but have not yet received an answer Russian Foreign Ministry Sergey Lavrov said that, “We made this offer at the meeting in [Saudi Arabia] more than a month ago. The Americans considered it, but so […]
OFAC sanctions 30 vessels which linked Iranian oil trade
The U.S. Treasury’s Office of Foreign Assets Control sanctioned a UAE-based Indian national who owns multiple shipping companies operating a shadow fleet of nearly 30 vessels linked to Iranian oil trade. According to OFAC, many of these ships are part of Iran’s so-called ‘shadow fleet’ and have been involved in transporting Iranian oil for the […]