Tag: Sanctions
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Sweden seizes another Russian Shadow Fleet vessel
Yesterday evening, Sweden has seized another Russian shadow fleet vessel called the Sea Owl I (IMO: 9321172). The vessel was used to sell Russian oil and was captured outside Trelleborg. This is the second seizure of a Russian Shadow Fleet by Sweden since the last week when Sweden seized the Caffa which transported stolen grain…
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BREAKING: US lifts sanctions on Russian oil – EU High Representative says the US is trying to divide Europe
US government officials have informed EU leaders that the US is unsanctioning Russian oil currently at sea for up to 30 days. Unconfirmed reports state that the move is targeted towards India which will be making significant Russian oil purchases. US Treasury Secretary Scott Bessent previously said that the US would unsaction some Russian oil…
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Hungary and Slovakia to veto proposed EU 20th sanctions package: EU Council Meeting underway
A meeting of the European Foreign Affairs Council is currently underway in Brussels, following a doorstep press conference by EU High Representative Kaja Kallas, during which she admitted that the proposed 20th EU sanctions package against Russia will not be approved after Hungary and Slovakia declared that they would veto the proposal. Hungary and Slovakia…
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Sweden and Finland request ban on maritime services to Russian ships and ban on exports of luxury products
In a letter sent to the EU High Representative Kaja Kallas, Finland and Sweden have proposed three new measures to increase pressure on Russia. These measures include, a total maritime services ban on Russian ships carrying oil, increase pressure on Russian fertiliser exports, and a total ban on European luxury exports goods to Russia. Italy…
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US Treasury sanctions Colombian mercenaries in Sudan: Colombian parliament approves law outlawing mercenaries
The US Treasury has sanctioned four Colombian-owned companies and several Colombian individuals for providing military and technical services to the Rapid Support Forces in Sudan including technical support in using drones. The companies sanctioned include International Services Agency (A4SI), Global Staffing, Comercializadora San Bendito and Maine Global Corp. Individuals who have been sanctioned include Alvaro…
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Germany fails to re-introduce National Service: EU to up its support to Ukraine and coordinate defensive measures against hybrid threats
Plans by German leaders to introduce national service have been shelved and replaced with a new scheme called The Declaration of Willingness. All 18-year old-men will undergo physical tests and fill a questionnaire about their willingness to be called for war if the occasion arises. The German Chancellor previously planned to increase the numbers of…
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Bulgarian government to take over Lukoil’s refinery: Lukoil’s plant in Iraq gutted
The Bulgarian government is in the process to take over the Neftohim Burgas oil-refiner owned by Lukoil following sanctions issued by the US. Lukoil management is barred from voting over the sale which will be managed and directed by the government according to Reuters. The plant is currently being protected by anti-drone systems. The President…
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The US removes sanctions on Syria: President Al-Sharaa goes on Fox News
Surreal scenes took places yesterday evening as Syria’s President Ahmed Al-Sharaa gave an interview to Fox News during his visit to the United States of America. President Sharaa travelled to the US for discussions with President Donald Trump as the US lifted sanctions on Syria. State Secretary Marco Rubio said that the lifting of sanctions…
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Editorial: No sanctions regime can function efficiently unless the UAE is sanctioned
Ever since the Russia has been sanctioned by Europe and the US over its invasion to Ukraine Russia’s allies such as China stood out for refusing to comply with these sanctions. Although Western sanctions have been heavily crippling on Russia, because Dollar liquidity is all that matters in the global economy, China has served as…
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Lukoil to sell its foreign assets to company with ties to Vladimir Putin
The biggest privately-owned Russian oil company, Lukoil has announced it will be selling its foreign assets to the company Gunvor after it was sanctioned by the US Treasury Department. Gunvor Group Ltd is a company with strong ties to Russia’s President Vladimir Putin. You can read more about Gunvor here. According to Bloomberg, President Trump…
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Kirill Dmitriev goes to the US to brag about Russian missiles: Treasury Secretary calls him a “Russian propagandist”
Following the US Department of the Treasury sanctioning of Russia’s oil giants, Lukoil and Rosneft, the Kremlin sent its own representative to the US to try and convince the US to change course. Kirill Dmitriev, CEO of the Russian Direct Investment Fund, travelled to Miami, Florida, to meet US Middle East envoy Steve Witkoff in…
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Exclusive: Raiffeisen Bank will not be sanctioned, but recital urges banks to divest from Russia
The Maltese Herald can confirm that Raiffeisen Bank will not be sanctioned in the EU’s upcoming 19th sanctions package against Russia, but recitals will once again urge banks and companies to divest their business from Russia. Austria will also not receive a derogation to exempt Raiffeisen Bank from doing business in Russia. Austria is pressing…
