Sanctions

Sanctions

Biden Administration Supports Confiscation of Russian Assets – Report

By Editors | 12/01/2024

There have been concerns that the seizure of Russian assets could taint the reputation of the US financial system and spark a flight from the dollar.

Sanctions

US Imposes Sanctions Targeting Transfer of DPRK Missiles to Russia

By Editors | 12/01/2024

Three Russian entities, one individual, and four aircraft were designated over the transfer of ballistic missiles to Russia for use against Ukraine.

Sanctions

EU Sanctions World’s Largest Diamond Producer

By Editors | 04/01/2024

The move is in line with the ban on Russian diamonds introduced as part of the EU’s 12th package of sanctions last month.

Sanctions

Taiwan Expands Export Controls to Prevent Russian Use of High-Tech Goods

By Editors | 28/12/2023

Taiwan is expanding its export controls to take into account items found on the battlefield in Ukraine by international allies.

Sanctions

S. Korea Imposes Sanctions Against Eight North Koreans

By Editors | 28/12/2023

South Korea said the eight individuals generated income to support North Korea’s nuclear and missile programmes, including through illegal cyber activities.

Sanctions

China Sanctions Data Provider Kharon and Two Employees in Response to US Sanctions

By Editors | 26/12/2023

China’s Ministry of Foreign Affairs announced sanctions against US-based Kharon and two researchers under the Anti-Foreign Sanctions Law in response to US human rights sanctions.

Enforcement

Singapore Announces Criminal Charges Over DPRK Gasoil Sales

By Editors | 26/12/2023

Defendants are accused of shipping gasoil to North Korea in violation of UN sanctions via the MT Courageous, an oil tanker seized by the US in 2021.

Sanctions

US Threatens Foreign Banks with Sanctions over Russia Transactions

By Editors | 23/12/2023

New executive order authorises OFAC to sanction non-US banks for facilitating certain Russian transactions as US imposes new restrictions on Russian seafood and gold imports.

Enforcement

Insurer Settles with OFAC after Issuing Policies to Sanctioned Russian’s Company

By Editors | 23/12/2023

US-based Privilege Underwriters Reciprocal Exchange agreed to pay USD 466,000 over policy written for Panamanian company owned by sanctioned oligarch Viktor Vekselberg.