Elon Musk’s Tesla Cybertruck in Russia: Sanctions and Sales
The EU is trying to stop the supply of Tesla Cybertrucs to Russia. On May 7, the Customs Department under the Ministry of Finance of the Republic of Lithuania blocked…
The U.S. lifts sanctions on a former Russian bank
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has lifted financial sanctions from Sberbank (Switzerlang) AG, which is now known as TradeXBank AG. This is a…
The value of Russian financial assets frozen in Switzerland decreased
The Swiss government claimed that the value of financial assets related to sanctions against Russia decreased. On 31 December 2023, the value was CHF 5.8 billion, which is CHF 1.7…
The U.K. Clarifies Financial Sanctions
The Office of Financial Sanctions Implementation (OFSI), part of. HM Treasury, has published Frequently Asked Questions (FAQs), a new form of additional guidance to help enforce financial sanctions in the…
Poland imposes sanctions on two companies that may be linked to Russia
The Ministry of the Interior and Administration of Poland added two companies to its sanctions list: Domtora sp. z o.o. (02-536 Warszawa, ul. Ludwika Narbutta 25A) and VAN 7 sp.…
U.S. Senators asked the Biden administration about Russia’s use of cryptocurrency to evade sanctions
U.S. Senators Elizabeth Warren and Roger Marshall have sent a letter to the Biden Admininstration regarding the threat posed by the Tether cryptocurrency (USDT), the value of which is pegged…
Lithuanian customs confiscated an expensive car for a Russian customer
The Customs Department under the Ministry of Finance of the Republic of Lithuania announced the confiscation of a BMW LDxDrive that was transported by a Belarusian driver for a client in Russia. The Belarusian driver attempted to claim that the car was…
The U.S. has imposed sanctions on the Iranian UAV industry
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed financial sanctions on individuals, companies, and vessels that help with the sale of Iranian Unmanned Aerial Vehicles (UAVs). According to the OFACs statement, Sahara Thunder is the…
Russian billionaire Potanin seeks to circumvent sanctions through China
Russian billionaire Vladimir Potanin, president of Norilsk Nickel, the leader of Russia's mining and metallurgy industry, has come up with a plan to circumvent U.S. sanctions. Interros Investment Company published an interview with Potanin in which he discusses plans to shift сopper production from Russia to China, saying that…
The U.S. inhibits the Pakistan’s Ballistic Missile Program by sanctions
The U.S. has imposed sanctions on four entities that have supplied Pakistan's ballistic missile program. These entities were added to the US sanctions list: Minsk Wheel Tractor Plant, also known as Volat, is a Belarusian company that as worked…