19th January 2021
The European Union has set out plans to strengthen the international role of the euro, as its seeks to erode the dominance on the U.S. dollar and lessen the bloc’s vulnerability to financial risks, including U.S. sanctions. The plan includes measures to help protect against currency shocks, and allow greater… Read More
19th January 2021
The company that bought the ammonium nitrate which exploded in Beirut last August had possible links to two Syrian businessmen under U.S. sanctions for ties to President Bashar al-Assad, according to a report by a Lebanese journalist and London company filings. Savaro Ltd, the trading firm which procured the chemicals… Read More
13th January 2021
The U.S. State Department this month told European companies which it suspects are helping to build Russia’s Nord Stream 2 gas pipeline that they face the risk of sanctions as the outgoing Trump administration prepares a final round of punitive measures against the project, two sources said on Tuesday. “We… Read More
12th January 2021
The Trump administration imposed sanctions on Monday against seven Ukrainians — including two who assisted President Trump’s personal lawyer Rudolph W. Giuliani — for being part of what it called “a Russia-linked foreign influence network” that spread “fraudulent and unsubstantiated allegations” about President-elect Joseph R. Biden Jr. during the 2020… Read More
6th January 2021
Norwegian firm DNV GL said Monday it was halting work to certify the Nord Stream 2 gas pipeline between Russia and Germany because of the threat of US sanctions. Technical and safety specifications must be certified for the 10-billion-euro ($12-billion) pipeline under the Baltic Sea to enter into service. “DNV… Read More
31st December 2020
The U.S. Treasury has settled with BitGo over charges that it facilitated users in sanctioned areas to transact using its crypto wallet services between 2015 and 2019. BitGo, an institutional crypto custodian service and wallet operator, did not do due diligence in blocking wallet users based in Crimea, Cuba, Iran,… Read More
30th December 2020
The Kremlin critic Alexei Navalny will face arrest if he returns to Russia after investigators charged him yesterday with large-scale fraud. Mr Navalny, 44, was accused of embezzling 588 million roubles (£5.8 million) in public donations to his FBK anti-corruption group. Investigators said he had spent the money on foreign… Read More
25th December 2020
The United States is urging European allies and private companies to halt work that could help build the Nord Stream 2 natural gas pipeline and is preparing wider sanctions on the Russian project in coming weeks, senior Trump administration officials said on Wednesday. The outgoing Trump administration is readying a… Read More
25th December 2020
The top Democrat on the Senate Banking Committee, Sherrod Brown, has asked the U.S. Treasury Department for a briefing about allegations that Russian billionaire Oleg Deripaska continued to influence day-to-day activities of United Co. Rusal International PJSC and whether those activities would violate a 2018 sanctions relief deal. Read More
22nd December 2020
The incoming White House chief of staff said on Sunday that President-elect Joe Biden’s response to the massive hacking campaign uncovered last week would go beyond sanctions. Ron Klain said Biden was mapping out ways to push back against the suspected Russian hackers who have penetrated half a dozen U.S. Read More