Category: Sanctions
-
Trump Slaps Tariffs, Sanctions on Colombia in Migrant Fight
•
Links to the movement of mobility BMN Business US President Donald Trump imposed customs duties and a travel ban on Colombia on Sunday, after the country in South America refused to allow two aircraft carrying migrants deported to land on its territory. Article author: Bloomberg News Stephanie Lay and Patricia…
-
US Ramps Up Pressure on Russia With Fresh Energy Sanctions
•
Breadcrumb links BMN Business The United States has imposed its toughest sanctions on the Russian oil industry yet, as the Biden administration looks for last-minute ways to bolster Ukraine’s influence in potential peace negotiations after Donald Trump takes office. Article writer: Bloomberg News Daniel Flatley, Jenny Leonard and Julian Lee…
-
US Ramps Up Pressure on Russia With Fresh Energy Sanctions
•
Breadcrumb links BMN Business The United States has imposed its toughest sanctions on the Russian oil industry yet, as the Biden administration looks for last-minute ways to bolster Ukraine’s influence in potential peace negotiations after Donald Trump takes office. Article writer: Bloomberg News Daniel Flatley, Jenny Leonard and Julian Lee…
-
South Korea Sanctions 15 North Korean Hackers and One Entity Over Crypto Theft Operations
•
South Korea has Announce Sanctions against 15 individuals and one entity from North Korea involved in cybercrime, including large-scale cryptocurrency thefts. The move comes amid growing concerns about North Korea’s use of cyber operations to fund its weapons programs and evade international sanctions. South Korea imposes sanctions on North Korean…
-
BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
•
BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
-
BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
•
BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
-
BMW admits ‘irregularities’ with 100 Russian car sales despite sanctions
•
BMW has admitted that more than 100 of its luxury cars were sold to Russian customers, in violation of international sanctions imposed after the Kremlin invaded Ukraine. The German carmaker attributed the sale to a handful of rogue employees at its Hannover branch, who have since been fired. BMW, along…
-
Iran Focuses On Crypto To Nullify The Impact of Global Sanctions
•
This article is also available in Spanish. In a strategic shift from its position on digital currency, Iran has decided to regulate the cryptocurrency industry rather than restrict it. The decision was announced by Minister of Economic and Financial Affairs Abdel Nasser Hemmati at a national event in Tehran, where…
-
Tether In The Hot Seat: US Federal Inquiry Into Potential Sanctions And AML Violations
•
Cryptocurrency company Tether is currently under federal investigation for potential sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal. The criminal investigation, led by prosecutors from the US Attorney’s Office in Manhattan, is examining whether Tether’s USDT stablecoin was used by third parties to fund illicit activities,…
-
Tether In The Hot Seat: US Federal Inquiry Into Potential Sanctions And AML Violations
•
Cryptocurrency company Tether is currently under federal investigation for potential sanctions and anti-money laundering (AML) violations, according to the Wall Street Journal. The criminal investigation, led by prosecutors from the US Attorney’s Office in Manhattan, is examining whether Tether’s USDT stablecoin was used by third parties to fund illicit activities,…
-
Bitcoin As A Tool: BRICS 2024 Summit Proposes Russian Miners Sell BTC To Evade Sanctions
•
As the 2024 BRICS summit gets underway in Kazan, Russia, crypto-related discussions have taken center stage. Lawmakers from Brazil, Russia, India, China and South Africa are exploring the possibility of Russian miners leveraging Bitcoin in international trade, with the aim of circumventing tough sanctions imposed by the United States. Lawmakers…
-
Fuel stations face sanctions over continued high prices
•
The Ministry of Energy and Petroleum threatened to clamp down on fuel filling stations that continued to sell fuel at high prices, despite the price drop announced on Tuesday. Cabinet Secretary (CS) Opio Wandayi said some petrol stations are yet to reduce pump prices despite adjustments made by the Energy…
-
Impending expiry of U.S. sanctions licence threatens Russia’s yuan liquidity By Reuters
•
Written by Elena Fabrichnaya MOSCOW (Reuters) – The expiration of a U.S. license allowing transactions involving pillars of Russia’s financial infrastructure could make doing business with Russian companies more difficult and costly, sources involved in imports and payments told Reuters. The yuan, which hit a near one-year high against the…
-
Exclusive-Russia’s Sberbank says India business booming despite Western sanctions By Reuters
•
Written by Elena Fabrichnaya and Gleb Bryansky MOSCOW (Reuters) – Trade between Russia and India is booming and bilateral payments are running smoothly without the problems that have hampered trade with other countries, Anatoly Popov, deputy chief executive of Russia’s largest lender Sberbank, told Reuters. Sberbank handles up to 70%…
-
Russia nears crypto exchange trials to bypass sanctions: report
•
Russia is reportedly set to begin experiments on cryptocurrency exchanges and token transactions for cross-border payments to mitigate the impact of international sanctions. Russia appears to be days away from starting trials of cryptocurrency exchanges and token transactions for cross-border transactions in an attempt to bypass the challenges it faces…
-
Exclusive-Billions in dollar and euro notes reach Russia despite sanctions By Reuters
•
By Gleb Stolyarov, Philip Lebedev and Alexander Marrow LONDON (Reuters) – About $2.3 billion in dollar and euro banknotes have been shipped to Russia since the United States and European Union banned exports of their banknotes there in March 2022 after the invasion of Ukraine, according to customs data seen…
-
Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
•
In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
-
Russia Legalizes Bitcoin And Crypto for International Trade To Bypass Sanctions
•
In a significant legislative move, Russian lawmakers have passed a bill that would allow companies to use Bitcoin and other cryptocurrencies in international trade, according to a report by ReviewersThe development comes as part of Russia’s strategy to circumvent Western sanctions imposed in the wake of its invasion of Ukraine.…
-
Crypto As A Weapon? Russia Considers Stablecoins To Fight Sanctions
•
Russia’s shift towards stablecoins comes against the backdrop of its presidency of the BRICS group (Brazil, Russia, India, China, and South Africa). BRICS The BRICS countries have previously discussed creating a digital currency-based payment system, the BRICS Bridge, to reduce reliance on the US dollar-dominated global financial system. But sanctions…