Featured Sanctions

Pence urges Europe to quit Iran deal, stop busting sanctions

AP — The Trump administration lashed out at some of America’s closest traditional allies Thursday, accusing Britain, France and Germany of trying to bust U.S. sanctions against Iran and calling on European nations to join the United States in withdrawing from the Iranian nuclear deal. In… Read More

Trump says he’s in no rush to see North Korea give up nukes

AP — President Donald Trump said Tuesday that he wants to see North Korea eventually give up its nuclear weapons program, but adds he’s not in any rush because U.S. relations with Pyongyang are good going into next week’s summit. “I have no pressing time schedule,” Trump said. Trump said… Read More

Russia’s Gazprombank freezes accounts of Venezuela’s PDVSA: source

Russian lender Gazprombank has decided to freeze the accounts of Venezuelan state oil company PDVSA and halted transactions with the firm to reduce the risk of the bank falling under U.S. sanctions, a Gazprombank source told Reuters on Sunday. While many foreign firms have been cutting their exposure to PDVSA… Read More
18th February 2019
AP — FBI agents raided a bank in Puerto Rico Wednesday amid allegations over violations of U.S. sanctions imposed on those who do business with Venezuela’s government. FBI spokesman Luis Rivera-Santana told The Associated Press that agents had a search warrant to identify funds that might… Read More
12th February 2019
Iranian President Hassan Rouhani said on Monday that Iran was determined to expand its military power and ballistic missile programme despite mounting pressure from hostile countries to curb Iran’s defensive work, state TV reported. “We have not asked and will not ask for permission to develop different types of …… Read More
8th February 2019
A year before Saudi journalist Jamal Khashoggi was killed, Crown Prince Mohammed bin Salman told an aide he would use “a bullet” on the journalist if he did not return home and end his criticism of the government, the New York Times reported on Thursday. The crown prince’s comments to… Read More
6th February 2019
AP — Iran says European nations have not responded to its offers to sell them crude oil despite having U.S. waivers. The semi-official Fars news agency on Tuesday quoted Oil Minister Bijan Zanganeh as saying “we have called them many times, but they do not return… Read More
6th February 2019
The U.S. Office of Foreign Assets Control (OFAC) recently removed three companies from its Specially Designated Nationals (SDN) List, where they had been each designated under two Executive Orders as part of OFAC’s Ukraine-/Russia-related program. The delisting process for these firms, which was elongated due to the Congressional oversight… Read More
30th January 2019
The United States imposed sanctions on Venezuela’s oil exports on Monday, a major escalation in its support for opposition leader Juan Guaido’s bid to oust socialist President Nicolas Maduro. Like many in the opposition and international community, Guaido says the May 2018 vote in which Maduro won a second term… Read More
30th January 2019
Huawei Technologies Co Ltd’s chief financial officer, the central figure in a high-stakes dispute between the world’s two largest economies, made her first appearance in a Canadian court in more than a month on Tuesday as Ottawa weighs extraditing the Chinese executive to the United States. Meng Wanzhou, daughter of… Read More
24th January 2019
AP — Canada’s ambassador to China said he thinks a top Chinese executive has a strong case to avoid extradition to the United States and said he hopes she will be released soon in remarks one of his predecessors called “mind-boggling.” Ambassador John McCallum told Chinese… Read More
24th January 2019
A group comprising the world’s top banks has published guidance on how financial institutions should carry out sanctions screening. The notes are derived from regulatory requirements and global industry best practice, it said. “[The guidance] is not intended to suggest all FIs should apply all elements in this… Read More
23rd January 2019
AP — China on Tuesday demanded the U.S. drop a request that Canada extradite a top executive of the tech giant Huawei, shifting blame to Washington in a case that has severely damaged Beijing’s relations with Ottawa. Foreign Ministry spokeswoman Hua Chunying said Meng Wanzhou’s case… Read More