Category: Sanctions News

The U.S. has approved more arms sales to Taiwan, including $619 million worth of munitions for F-16 fighter jets, in a decision likely to be yet another point…

The presidents of China and Belarus joined Wednesday in urging a cease-fire and negotiations to bring about a political settlement to the Ukraine conflict. The joint call came in a meeting in Beijing between Belarusian President Alexander Lukashenko, a close ally of Russia, and his Chinese counterpart, Xi Jinping. That amounted to an endorsement of a Chinese 12-point peace proposal issued Friday that calls for the territorial integrity of all countries to be respected. The proposal does not say what…

On the 25th of February 2023, the European Union (EU) introduced its 10th sanctions package since the invasion of Ukraine. Josep Borrell, the EU’s High Representative for Foreign Affairs and Security Policy stated that the new sanctions were addressed to those “instrumental” in the war’s continuation.

The measures target a further 87 individuals and 34 entities in the political, economic and military sectors, bringing the total number to 1,473 and 205 respectively.

Sanctions on Russia’s aviation sector have resulted in a slight drop in flights, but the West is banned from Russian skies.

Two Kansas men were arrested today on charges related to a years-long scheme to circumvent U.S. export laws that included the illegal export of aviation-related technology to Russia after Russia’s unprovoked invasion of Ukraine on Feb. 24, 2022, and the imposition of stricter restrictions on exports to Russia.

Interest payments for German government debt have jumped tenfold since 2021, says Finance Minister Christian Lindner

Oil supplies to Poland were halted due to the failure to pay for transit, Russian oil transport company Transneft has announced

Crypto exchanges Huobi and KuCoin, both based in Seychelles, failed to take steps to prevent sanctioned Russian banks from using their platforms, according to a report from the blockchain analytics firm Inca Digital provided to POLITICO. Both exchanges still allow traders to transact with debit cards issued by sanctioned Russian banks, including Sberbank, on their peer-to-peer platforms, according to the report, which will be published later today.

While neither exchange actually accepts funds from blacklisted banks, letting crypto buyers trade with each other using accounts with sanctioned institutions represents a “direct violation of U.S. and European sanctions with a little bit of a loophole,” Inca CEO Adam Zarazinski said in an interview.

Support for Kyiv serves the US’s ‘strategic interests’ against security threats posed by Putin’s Russia, analysts say.

As the Russia-Ukraine war enters its 367th day, we take a look at the main developments.

Finance leaders of the world’s top economies sought on Friday to bridge differences over how to deal with Russia following its invasion of Ukraine a year ago, as the West stepped up sanctions against Moscow.

The U.S. Attorney for the Southern District of New York has filed a civil forfeiture complaint against six real properties located in New York, New York; Southampton, New York; and Fisher Island, Florida, worth approximately $75 million. The complaint alleges that the properties beneficially owned by Russian oligarch Viktor Vekselberg are the proceeds of sanctions violations and were involved in international money laundering transactions. The case arises in the wake of the indictment of Vekselberg’s alleged strawman, Vladimir Voronchenko, a fugitive previously charged in the Southern District of New York. In the Eastern District of New York, a five-count indictment was unsealed today charging Ilya Balakaev, 47, of Moscow, with various offenses related to a years-long scheme to illegally smuggle sensitive devices used in counterintelligence operations from the United States to Russia for the benefit of the Federal Security Service of the Russian Federation (FSB), the principal intelligence and security agency of the Russian government.

Balakaev is further charged with illegally exporting a gas detector and related software from the United States to Russia for the benefit of the Democratic People’s Republic of Korea (DPRK or North Korea). Concurrent with today’s action in the Eastern District of New York, the Department of Commerce separately issued a Temporary Denial Order denying the export privileges of Balakaev and his company, Radiotester OOO (aka Radiotester LLC), for 180 days with the possibility of renewal.

  From the outset of Russia’s unprovoked, full-scale invasion of Ukraine, one year ago today, the Department of Justice has prioritized enforcing the sweeping sanctions, export restrictions, and economic countermeasures that the United States has imposed alongside our global partners. Today, the Department continues that work by actions in two separate federal cases to disrupt sanctions evasion and smuggling networks supporting the Russian regime.   “Over the past year, the Ukrainian people have shown the world what courage looks like,” said Attorney…

Belarusian President Alexander Lukashenko said on Monday he had ordered the formation of a new volunteer territorial defense so everyone knows how to “handle weapons” and be ready to respond to an act of aggression and keep public order in peacetime.

A federal court in New York unsealed an indictment today charging a citizen of the Russian Federation and legal permanent resident of the United States, with participating in a scheme to make over $4 million in U.S. dollar payments to maintain four real properties in the United States that were owned by Viktor Vekselberg, a sanctioned oligarch, as well as to attempt to sell two of those properties.