A first from the European Union: Russia sanctions against European citizen
The European Union imposed sanctions on Nils Trost, a Dutch oil trader residing in Switzerland, for violating the price ceiling on oil exports. Trost is reportedly involved in violating the $60 per barrel price ceiling imposed by Western countries. Swiss authorities are also investigating Trost’s company Paramount Energy & Commodities SA. According to a statement […]
Treasury announces new US sanctions on North Korea and Russia
The United States has hit North Korea and Russia with new sanctions targeting Pyongyang’s financial and military support for Moscow as well as its ballistic missile programme. The sanctions, which cover North Korean banks, generals and other officials, as well as Russian oil shipping companies, are the latest US measure aimed at cutting North Korea’s […]
EBRD announces settlement with four entities of the French Egis group
The EBRD and four Egis entities reached a settlement over fraudulent practices in two EBRD-financed projects. The sanction consisted of a 33-month conditional ban. The settlement reduces the sanction due to voluntary disclosures and other corrective actions by the Egis entities. The European Bank for Reconstruction and Development (EBRD) announced that it has imposed a […]
China sanctions Canada
China announced sanctions against two Canadian organisations and individuals associated with them for their work on human rights issues in the Xinjiang Uighur Autonomous Region and Tibet Autonomous Region. According to the statement made by the Chinese Ministry of Foreign Affairs, sanctions were imposed on the Uighur Human Rights Defence Project and the Canadian Tibet […]
US grants Turkey exemption from Gazprombank sanctions
Minister of Energy and Natural Resources of Turkey, Alparslan Bayraktar stated that the US granted Turkey an exemption from the Gazprombank sanction. After talks between the Ministry of Energy and Natural Resources and the Ministry of Foreign Affairs with US officials, Minister Bayraktar announced that Turkey can continue to make natural gas debt payments through […]
South Korea to impose new sanctions on North and Russia
South Korea’s Foreign Ministry has announced new sanctions against 11 individuals and 15 legal entities in connection with ‘illegal military cooperation’ between Russia and North Korea or Pyongyang’s nuclear missile programme. The ministry noted that this measure was imposed in connection with the joint statement by the foreign ministers of Western countries dedicated to cooperation […]
LinkedIn claims that the data monitoring organisation’s fine of 310 million euros is a ‘criminal’ sanction
The company claims that several sections of the Data Protection Act 2018 are unconstitutional. The Irish Data Protection Commissioner’s (DPC) fine of €310 million against LinkedIn Ireland was so severe in nature as to constitute a criminal sanction, the High Court has ruled. The Microsoft-owned company brought a judicial review action and appeal against the […]
EU lists 26 individuals and 2 entities in view of the situation in Belarus
The European Union has placed 26 Belarusian individuals and 2 organisations on the sanctions list. According to a written statement from the Council of the EU, Belarusian judges, prison administrators and detention centre officials, the head of the medical unit in one of the correctional institutions ‘where some political prisoners face inhumane conditions and are […]
US sanctions Chinese cyber security company
The United States sanctioned Chengdu-based cybersecurity company Sichuan Silence Information Technology Company, Limited (Sichuan Silence) and one of its employees, Guan Tianfeng (Guan), for their role in compromising tens of thousands of firewalls worldwide, including firewalls at US critical infrastructure companies. Simultaneously, the US State Department announced a Reward for Justice offer of up to […]
EU adopts largest ever sanctions package against Russia
European Union member states have adopted the most extensive sanctions package against Russia to date. Under the new sanctions, 52 ships from Russia’s ‘shadow fleet’ and dozens of Russian officials were blacklisted. EU member states adopted the most extensive sanctions package against Russia to date at the EU Foreign Affairs Council meeting in Brussels, Belgium. […]