News list for " sanctions"
Oil prices have fallen for five days in a row, and the benefits of sanctions seem to have completely dissipated? However, investment banks still raised their expectations for oil prices in 2025, which will eliminate the global supply glut.
The United States on Wednesday imposed new sanctions against Russia aimed at cracking down on Russia's evasion of U.S. sanctions. Washington is imposing new sanctions on nearly 100 targets, including Russian banks and companies operating in Russia's energy sector that have been subject to U.S. sanctions before, the US Treasury said in a statement. The US Treasury said the new measures increase the risk of secondary sanctions against key Russian entities. A senior Treasury official said the new s...
The news of US sanctions against Russia appears to have been fully priced in, but will the trend push US oil further up to $X, possibly the peak of Quarter 1?
Oil prices extended their rally on Monday, hitting a more than three-month high on expectations that broader US sanctions will affect Russian crude supplies. Russia's oil exports will be severely affected by the new sanctions, forcing major buyers to source more oil from the Middle East, Africa and the Americas, which will push up prices and transport costs, traders and analysts said. "The latest round of sanctions against Rosneft and a large number of tankers will have a significant impact, par...
On December 5th, local time on December 2nd, the Biden administration introduced new semiconductor export control measures to China. The final plan involves 136 Chinese entities and 4 overseas subsidiaries of Chinese entities. The scope of control is also relatively focused, mainly for chips used in advanced artificial intelligence, and the control targets are mainly manufacturers of such chips. At the same time, another trend is also worthy of our attention: from January to October this year, C...
On November 26th, Foreign Ministry Spokesperson Mao Ning chaired a regular press conference. Bloomberg reporter asked that the European Union proposed to impose sanctions on several Chinese companies, claiming that these companies helped Russian companies develop attack drones for use in Ukraine. What is China's comment on this? Mao Ning said that China always opposes unilateral sanctions that have no basis in international law and are not authorized by the UN Security Council. On the Ukraine is...
A U.S. federal judge rejected the SEC's request for sanctions against Elon Musk for his absence from testifying in court orders related to his $44 billion acquisition of Twitter. Judge Jacqueline Scott Corley ruled that Musk did not need sanctions when he testified on October 3 and reimbursed the SEC $2,923 in travel expenses. The SEC argued that Musk violated the May 31 order and sought a stronger deterrent, but Corley argued that the issue was moot. Musk blamed his September 10 absence on...
The US Treasury has imposed sanctions on Cambodian tycoon Lee Wing Fat and his businesses over alleged massive human rights abuses involving trafficked workers forced to labor in cyber scam centres focused on cryptocurrency scams, including his conglomerate LYP Group and properties including O-Smach Resort. The sanctions freeze assets and ban transactions in the US, and are aimed at holding perpetrators accountable for these abuses.
The US Treasury website released a new round of sanctions against Iran and Russia.
In order to ease the payment problems of Russian companies hit by international sanctions, Russia has accelerated its embrace of cryptocurrencies.
After crypto mixer Tornado Cash was sanctioned by the U.S. government two years ago, activity on the platform fell sharply, but in 2024, the protocol began to recover. According to blockchain analytics firm Flipside Crypto, the protocol received more than $1.80 billion in deposits in the first half of 2024 alone, which is about 45 percent higher than deposits in all of last year. Recently, Tornado Cash has seen a large influx of money due to hackers' involvement in large-scale theft. According t...
Lithuania has fined crypto firm Payeer a record 9.30 million euros (about $10.10 million) for sanctions and money laundering violations. The Lithuanian Financial Crimes Investigation Agency said in a statement that Payeer allowed Russian customers to "transact in rubles by transferring funds from Russian banks sanctioned by the European Union." Russian individuals and legal entities were given "access to cryptocurrency wallets, account management or storage services," the statement said.
On June 26, despite China's repeated representations and dissuasion, the European Union went its own way and listed Chinese companies again in the 14th round of sanctions against Russia. This is unilateral sanctions and "long-arm jurisdiction" without the basis of international law and authorized by the UN Security Council. China is strongly dissatisfied with this and firmly opposes it. This move goes against the consensus spirit of Chinese and European leaders and has a negative impact on China...
On June 25, local time, the US Treasury's Office of Foreign Assets Control (OFAC) announced that it has imposed sanctions on 50 entities and individuals related to the Iranian Defense and Armed Forces Logistics Department and the Iranian Islamic Revolutionary Guard Corps.
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