South Korea lifts some sanctions against Russia
South Korea lifted sanctions imposed on Russia on some medical equipment. South Korean Ministry of Trade, Industry and Energy stated that sanctions deactivated as of 28 February. In the statement, it was stated that the pre-export licensing requirement for medical equipment was partially removed and a simpler document submission process was started. In this context, […]
SEC Dismisses Civil Enforcement Action Against Coinbase
The Securities and Exchange Commission (SEC) announced that it has dropped its ongoing civil enforcement action against Coinbase Inc. and Coinbase Global Inc. This decision came as part of a joint settlement between the Commission and the two Coinbase entities. On 21.01.2025, the SEC established the Crypto Task Force, which focused on creating a comprehensive […]
Syrian Airlines Removed from EU Sanctions List
European Union decided to ease some economic sanctions imposed on Syria. In this context, Syria’s national airline Syrian Arab Airlines (Syrianair) was removed from the EU’s sanctions list. In the statement made by the EU Council, it was stated that restrictive measures in sectors such as energy, transport, finance and banking were suspended. In particular, […]
US postpones Serbia oil sanctions
Serbian President Aleksandar Vucic shared the official document sent to Serbia by the US Treasury Department on his social media account, stating that the US sanctions against the Serbian Oil Industry under the management of Russian ‘Gazprom Neft’ were postponed until 28 March. Vucic said, “We have 30 more days for NIS. This is good […]
Canada sanctions 76 individuals and organisations linked to Russia
Canada has expanded sanctions against Russia. In a statement made by the Canadian Prime Minister’s Office, it was stated that 76 individuals and organisations, including senior Russian government officials and oligarchs, who provide support to the Russian defence industry, who are involved in the forced transfer of Ukrainian children to Russia, were included in the […]
Chinese fishing fleets using North Korean forced labour in potential breach of sanctions, report claims
Report by Environmental Justice Foundation has found evidence that at least 12 Chinese fishing vessels had employed North Korean crew between 2019 and 2024. According to the news in The Guardian, Chinese fishing fleets are allegedly using North Korean forced labour, a potential breach of international sanctions, with workers allegedly kept at sea for up […]
70 ships set to be added to EU sanctions list
The Commission stated that they are welcoming the Council’s adoption of the 16th Russia sanctions package: “As Russia’s illegal aggression enters its fourth year, this package is designed to further ramp up pressure on the aggressor and is part of the EU’s unwavering commitment to a just and lasting peace for Ukraine.” The 16th package […]
Britain’s largest sanctions package against Russia since 2022
In a written statement made by the British Foreign Office, it was stated that the new sanctions targeted financial resources supporting Russia’s war economy, pro-Kremlin oligarchs and the supply chains of the Russian military. More than 100 new sanctions against Russia are aimed at weakening the country’s military power and putting Ukraine in the strongest […]
US imposes new sanctions on Iran’s shadow fleet
The US administration imposed sanctions on more than 30 individuals and vessels in various countries for intermediating in the sale and transport of Iranian oil-related products. In a statement made by the US Treasury Department, it was reported that additional sanctions were imposed on Iran’s shadow fleet as part of the ‘maximum pressure campaign’. It […]
European Union suspends sanctions against Syria
European Union eased sanctions against Syria’s energy, transport and banking sectors on monday. The step is aimed at helping the country rebuild after the fall of Bashar al-Assad. The move, approved at a meeting of EU foreign ministers in Brussels, suspended sanctions on the energy and transport sectors. It was also agreed to allow money […]