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…
Canada has imposed sanctions on 4 individuals who supported Hamas
The Canadian government has imposed sanctions on who are a part of Iran’s so-called “Axis of Resistance.” These individuals have provided support through military training and resources to Hamas which…
Finland, Estonia, Latvia, Lithuania and Poland have decided to strengthen the controls of EU sanctions against Russia
Finland, Estonia, Lithuania, and Latvia have signed an agreement aimed at strengthening the implementation of EU sanctions on Russia. The agreement emphasizes the need for uniform enforcement of the sanctions, information sharing, and coordinated actions to combat illogical transportation routes. It also provides for measures to be taken against manufacturers and exporters who fail to provide additional…
The U.S., the U.K., and Australia sanctioned the leader of the Russian-based LockBit group
The U.S., the UK and Australia have imposed sanctions on Dmitry Yuryevich Khoroshev (D.O.B: 17/04/1993), a Russian citizen and leader of the LockBit group based in Russia, for his role…
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…
Experts answer: Are the UK’s Russian financial sanctions effective?
The House of Commons Treasury Committee, a select committee of the House of Commons in the Parliament of the United Kingdom, published oral evidence transcripts from a discussion on "Are…
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…
The US hits Hizballah finances
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on five individuals who helped to Hizballah money exchanger Hassan Moukalled and his company, CTEX…
The U.S. has sanctioned over 240 entities and individuals linked to Russia’s military-industrial complex
The United States Department of the Treasury impose sanctions on these entities, individuals and vessels in order to block Russia's weapons programs, including chemical and biological weapons. The sanctions affected…