Nordic energy company Gasum ceases LNG purchases from Russia
The energy company, which is based in Finland, Sweden and Norway, claimed that it had stopped all purchases of LNG from Russia due to EU sanctions imposed on June 24th,…
State Street to pay $7,452,501 for violations of the OFAC sanctions
The U.S. Treasury's Office of Foreign Assets Control (OFAC), has announced a settlement with State Street Bank and Trust Company in the amount of $7,452,501. The bank agreed to settle…
Poland adds Kazakhstan’s woodworking plant to the sanctions list
Poland has added Kazakhstan's Semipalatinsk Woodworking Plant No. 1 to its sanctions list. According to the Ministry of the Interior and Administration of Poland, the company participates in the practice…
Severnaya Verf vs. Wartsila Solutions: The Russian company is seeking to return millions of euros in St. Petersburg
The Arbitration Court of St. Petersburg and Leningrad Oblast ruled on a claim by the shipbuilding company, Severnaya Verft (The Northern Shipyard), which demanded 3.8 million euros from Finnish Wärtsilä…
The EU bans the “asset swap” scheme with Russians
The European Commission has published explanations from the Directorate-General for Financial Stability, Financial Services and Capital Markets Union (DG FISMA) . According to these explanations, neither legal entities nor individuals…
Polish officials inspect the company WSK Poznań by components for Iranian drones
The Polish company WSK Poznań Sp. z o.o has stated that the Prosecutor's Office is investigating the export of its products to Iran. The management of WSK Poznań has claimed…
The UK hits the Russian shadow oil fleet with new sanctions
The U.K. government added 11 oil tankers to the sanctions list, as stated in the justification for the sanctions, which are allegedly used by Russia to bypass restrictions on trade…
The Russian Agricultural Bank halts its UnionPay card operations abroad
The Russian Agricultural Bank, fully owned by the Russian Federation,hasannounced that payments on UnionPay payment system cards abroadissued by the bankwill be suspended from July 19, 2024. "If you are…
The Netherlands Public Prosecution Service fines Dieseko Group B.V. for violating sanctions
The Netherlands Public Prosecution Service (NPPS) announced a settlement with Dieseko Group B.V. which had violated international trade sanctions. The company will pay a fine and confiscation amounting to 1.78…
The Russian court has deleted the Cypriot co-owner from the list of founders of a sanctioned company
The co-founder of the Russian company EFO Ltd., which is one of the leading suppliers of electronic components and industrial automation systems in Russia and was sanctioned by Ukraine, achieved…