Category: sanctions

Ottawa Monitoring Reports of Iran’s Threats Against Dissidents in Canada: Trudeau

Ottawa is aware of reports of state actors from the Islamic Republic of Iran intimidating dissidents living in Canada, said Prime Minister Justin Trudeau. “We are constantly watching and evaluating the threats posed to Canadians by foreign interference from a range of countries,” Trudeau told reporters at the Francophonie Summit in Djerba, Tunisia, on Nov….


Ireland Expels 4 Russian Diplomats After Moscow Sanctioned 52 Irish Politicians

The Irish government has asked four people from the Russian embassy to leave the country but there is no plan to close the embassy, Foreign Minister Simon Coveney said on Saturday. It comes after Moscow sanctioned 52 Irish politicians over the Irish government’s support for EU sanctions against Russian nationals. Speaking at Fine Gael’s annual…


Britain Says It Has Frozen 18 Billion Pounds Worth of Russian Assets

LONDON—The British government said on Thursday it had frozen assets worth more than 18 billion pounds ($20.5 billion) held by Russian oligarchs, other individuals and businesses sanctioned over Moscow’s invasion of Ukraine. Russia has overtaken Libya and Iran to become Britain’s most-sanctioned nation, the Office of Financial Sanctions Implementation (OFSI), part of the finance ministry,…


US Treasury Issues New Guidance for Price Caps on Russian Oil

The Department of the Treasury recently issued new guidance for price caps on Russian oil, in order to keep energy markets calm. The announcement by Washington is intended to provide breathing room for energy traders and shipping companies, as it attempts to reassure the markets about its new round of sanctions. The Treasury announced, on Oct. 31,…


Mercedes-Benz to Sell Shares in Russian Subsidiaries to Local Investor, as Foreign Automakers Pull Out

Mercedes-Benz announced that it was pulling out of Russia and would sell all of its shares in its local subsidiaries to a little known Russian investor. The German automaker is the latest foreign car manufacturer to abandon the Russian market, after it suspended its local operations in early March, after the invasion of Ukraine. It was…


Japan to Impose Additional Sanctions Against North Korea

TOKYO—Japan will impose additional sanctions against North Korea by freezing assets of groups involved in the development of missiles, Chief Cabinet Secretary Hirokazu Matsuno told a regular briefing on Tuesday. “We cannot tolerate North Korea’s repeated provocative actions which threaten Japan’s security and international peace and safety,” Matsuno said. North Korea fired artillery shells off…


European Union Agrees on Capping Russian Oil Prices

The European Union (EU) has agreed on an eighth package of sanctions against Russia for its invasion of Ukraine, which includes an agreement to cap the prices of Russian oil. The package was proposed last week by European Commission President Ursula von der Leyen after Russian President Vladimir Putin threatened the use of nuclear weapons….


Russian Ambassador Summoned as UK Imposes New Sanctions on Moscow

Britain has ramped up sanctions against Russia, with new measures targeting vulnerable sectors of the economy, in response to President Vladimir Putin’s “illegal” annexation of parts of Ukraine. The Russian ambassador to London, Andrey Kelin, was summoned to the Foreign Office to be told of the UK’s objections to the Kremlin’s actions “in the strongest…


Biden Admin Imposes ‘Swift and Severe’ Sanctions on Russia, Citing Putin’s Move to Annex Ukrainian Territories

The Biden administration on Friday imposed what it called “swift and severe” sanctions on Russia in response to Russian President Vladimir Putin’s move earlier in the day to annex four territories of Ukraine. The wide-ranging sanctions by the Treasury, State, and Commerce departments target more than 1,000 Russian people and companies, in retaliation for Putin’s annexation…


US Imposes New Sanctions on Iran Oil Exports, Targets Chinese Firms

WASHINGTON—The United States on Thursday imposed sanctions on companies it accused of involvement in Iran’s petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal. Washington has increasingly targeted Chinese companies over the export of Iran’s petrochemicals as the prospects of reviving the nuclear…