Tag: All Regions

  The ongoing imposition of sanctions against Russia arising from the attack upon Ukraine creates a number of significant issues for insurers which have written trade credit and/or political risk insurance policies. Even where sanctions have not forbidden companies’ business in Russia, many companies have voluntarily chosen to withdraw from the Russian market, in whole or in part.  Companies which…

Having been accused of getting off to a slow start in relation to the imposition of sanctions arising out of developments in Russia and Ukraine, the UK Government appears to be generating something of a head of steam and has in recent days sanctioned 7 Oligarchs and 386 members of the Russian Duma. Indeed the unprecedented pace of sanctions from…

The European Council has today (08 April 2022) adopted a fifth package of sanctions against Russia, with a view to putting pressure on Russia’s economy and limiting its capacity for aggression against Ukraine. Key sanctions include: – Prohibitions on: – The purchase, import or transfer of coal and other solid fossil fuels into the EU if they originate in Russia or are…

On 15 March 2022, the Economic Crime (Transparency and Enforcement) Act 2022 (“the Act”) received royal assent. Having been on the political agenda since 2016, the Act was fast-tracked in response to Russia’s invasion of Ukraine. The Act contains three key parts: Part 1: Registration of Overseas Entities. In March 2022, we reported on the inclusion of the Register of…

Import prohibitions: On the 15 July 2022, the UK Parliament passed The Russia (Sanctions) (EU Exit) (Amendment) (No. 11) Regulations 2022 (legislation.gov.uk) which makes related consequential amendments to trade sanction measures in Part 5 (Trade) of the Russia (Sanctions) (EU Exit) Regulations 2019 (“2019 Regulations”). This amendment replaces the Russia (Sanctions) (EU Exit) (Amendment) (No.10) Regulations 2022. The amendment extends…

WASHINGTON, Sept 14 (Reuters) – The Biden administration on Thursday imposed sanctions on five Turkish companies and a Turkish national, accusing them of helping Russia evade sanctions and supporting Moscow in its war against Ukraine. The designations, first reported by Reuters, target shipping and trade companies accused of helping repair sanctioned vessels tied to Russia’s defense ministry and helping the transfer…

Occupied Jerusalem, SANA-scores of Palestinians were injured on Saturday dawn by the Israeli occupation forces attacks south Nablus in the occupied west Bank. Palestinian outlets media said that the occupation forces stormed Beita town south Nablus, besieged several neighborhoods there, attacked a number of Palestinian homes and destroyed their property amid heavy firing of poison gas bombs which led to…

The attacks on the Russian submarine Rostov-on-Don and the landing ship Minsk on the night of 13 September were carried out by the Special Operations Forces of the Armed Forces of Ukraine. Source: Press service of the Special Operations Forces Details: Special forces officers revealed certain details of the operation. The officers received information from several sources about the likely…

US President Joe Biden has found himself under serious scrutiny after recently boasting about teaching “political theory” at the University of Pennsylvania (UPenn), even though he never conducted a single class at the prestigious Ivy League institution. During a speech at Maryland’s Prince George’s Community College, Biden emphasized the importance of defending democracy.However, it has come to light that while…

A United Airlines flight bound for Rome returned to New Jersey just after midnight Thursday “to address a possible loss of cabin pressure,” according to a statement from the airline. Data from the tracking site FlightAware show the plane rapidly descended over about 8 minutes from 37,000 feet at 10:07 p.m. to just below 9,000 feet at 10:15 p.m. Pilots…

NASA is offering to join forces with the Pentagon on UFO research to move away “from sensationalism to science,” NASA’s chief administrator told reporters this week. The space agency released a report Thursday recommending that its scientists work with the Pentagon’s All-domain Anomaly Resolution Office, which spearheads the U.S. government’s investigations of UFOs. That coordination could allow better research and…

Afghanistan is a geographically diverse country, home to the beautiful blue city of Mazar-i-Sharif, wild slopes of the Hindu Kush mountains, and the Hazarchishma Natural Bridge, among other attractions. A good place to vacation with family? One verified — albeit parody — Twitter account labeling itself as the PR team for the Taliban thinks so. “Visit the magnificent nation of…

The US could be heading for economic turmoil again 15 years after the 2008 financial crisis rocked the country, three experts have said. Global finance giant Lehman Brothers filed for bankruptcy on September 15, 2008, more than 150 years after its founding. It was the first major US victim of the sub-prime mortgage collapse. The first warning of the Credit…

Experienced pilots from Ukraine will learn to pilot F-16s in the United States and Denmark, while young pilots will learn in the United Kingdom, Yuriy Ihnat, spokesman for the Ukrainian Air Force, told NV in an interview on Sept. 15. In September, the “language” training of Ukrainian pilots and technicians will begin at an air base in Texas ahead of…

The first images since the confirmation of the death of Yevgeny Prigozhin show that a suspected tent camp thought to be occupied by troops from Russia’s Wagner mercenary group near the Belarusian village of Tsel, has been further dismantled. The images, taken by Planet Labs on September 9 and obtained by RFE/RL, show that since late August, 60 more tents…

BEIJING, SANA-China’s Ministry of National Defense on Thursday urged the United States to stop all forms of military ties with Taiwan, Xinhua news Agency said. Spokesperson Tan Kefei made the remarks when commenting on information about Taiwan’s recent military interaction with the United States, including a reported plan to buy mine-laying systems from the United States. “We firmly oppose the…