Featured Sanctions

Rouhani says Iran will file legal case against U.S. for sanctions

Iranian President Hassan Rouhani said on Monday that the government would file a legal case in Iran against U.S. officials who imposed sanctions on the country as a precursor to action in international courts. Rouhani said in a speech broadcast live on state television that U.S. sanctions had created difficulties… Read More

Russia says it will respond to new EU sanctions

Russia will respond to new European Union sanctions, its foreign ministry said on Saturday, without saying what action it would take. The EU on Friday added eight more Russians to its sanctions list over a stand-off between Russia and Ukraine in the Azov Sea, including senior security service officials and… Read More

Russian oligarch sues US Treasury over sanctions

AP — Russian oligarch Oleg Deripaska filed a lawsuit Friday against the U.S. Treasury Department, saying the sanctions against him have caused a “wholesale devastation” of his wealth and reputation. The billionaire argues he was unfairly and illegally targeted by the U.S. government when he was slapped with sanctions… Read More
14th March 2019
The top U.S. buyers of Venezuelan oil are in the unusual position of trying to return millions of barrels of crude they need but cannot accept because of U.S. sanctions on the South American nation and its state-run energy firm PDVSA. PDVSA’s U.S. refining subsidiary Citgo Petroleum Corp and Valero… Read More
12th March 2019
Maria Rodriguez’s daughter has spent a month in Caracas’s J.M. de los Rios children’s hospital with hydrocephalus, a buildup of spinal fluid in the brain, but staff there have faced an uphill battle treating the girl because of a nationwide power outage. “It has been horrible since the blackout. My… Read More
12th March 2019
A leading Putin critic has reportedly hit out at the United Kingdom’s attempts to address financial crime and sanctions against the Russian government and oligarchs, saying ‘nothing is happening’ to tackle money laundering. Russian opposition leader Alexei Navalny slammed existing Western sanctions as “chaotic” and urged authorities to refocus to… Read More
11th March 2019
The global nature of trade brings with it huge compliance risks, exposing businesses to a wide array of rules and regulations requiring them to mitigate their exposure to money laundering and other financial crimes. One of the biggest risks that businesses face is employing third parties, be they suppliers, agents,… Read More
8th March 2019
India wants to keep buying Iranian oil at its current level of about 300,000 barrels per day (bpd), as it negotiates with Washington about extending a waiver of U.S. sanctions past early May, two sources in India with knowledge of the matter said. India has reduced its purchases of Iranian… Read More
7th March 2019
The United Kingdom is failing to hold multinational companies accountable for money laundering and other economic crimes, a watchdog group said in a report published Wednesday. The findings by London-based Corruption Watch unfavorably compared UK financial crime enforcement to supervisory efforts in the United States, noting that the United Kingdom… Read More
7th March 2019
The United States is warning banks against facilitating transactions for Venezuelan President Nicolas Maduro and his associates as American officials consider a new raft of sanctions against the contested leader. In a statement published Wednesday, US National Security Advisor John Bolton said that the White House is preparing diplomatic and… Read More
7th March 2019
The Russian accounts of Venezuelan companies, including state oil firm PDVSA, will be moved to the Russian Financial Corporation Bank (Rusfincorp), which is sanctioned by the United States, a source told Reuters on Wednesday. The decision had been agreed with the Russian government, the source, who is familiar with the… Read More
7th March 2019
Iran hopes a new trade channel with Europe aimed at cushioning the blow of reimposed U.S. sanctions will be working within weeks, its deputy foreign minister said on Wednesday. France, Britain and Germany have set up the new mechanism for non-dollar trade with Iran in response to Washington’s withdrawal from… Read More
6th March 2019
Two U.S. senators sought to dial up pressure on North Korea on Tuesday by reintroducing a bill to impose sanctions on any bank that does business with its government, with the endorsement of the parents of Otto Warmbier, a U.S. college student who died after being imprisoned by Pyongyang. Republican… Read More