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US allows energy transactions with sanctioned Russian banks

The US Treasury Department on Tuesday issued a general license authorizing energy-related transactions with sanctioned Russian banks through December 5. The previous license was due to expire on June 24. According to the document, published on the department’s website, transactions will be allowed with Vnesheconombank, Otkritie, Sovcombank, Sberbank, VTB, Alfa-Bank, …

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Taiwan reveals why it sanctioned Russia despite minimal trade ties

Taiwanese Foreign Minister Joseph Wu hopes the world would impose sanctions on Beijing if it attacked Taipei, similar to those faced by Moscow over its offensive in Ukraine. China stated that it would not be intimidated by talks about sanctions and isolation, warning against ‘copy-pasting’ the Ukraine crisis into the Asia Pacific. …

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Sanctioned Russian oil tycoon resigns

Russia’s largest independent oil company Lukoil announced on Thursday that its president, Vagit Alekperov, is stepping down from his post and quitting as a member of the firm’s board of directors. Alekperov became company president in 1993. Relevant notices have been sent to the chairman of the company’s board of …

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The most sanctioned country on earth unveiled

The thousands of sanctions introduced against Russia since 2014 over the crisis in Ukraine by the United States and its allies have put the country at the top of the most targeted nations list. Russia has officially become the most sanctioned country in the world, surpassing Iran, Syria and North …

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Ukraine wants Russia’s sanctioned forex reserves

Ukraine is expecting to be granted access to $400 billion worth of frozen Russian assets for the country’s reconstruction fund, President Volodymyr Zelensky’s economic adviser, Oleg Ustenko, said in an interview with the local Ukraine 24 news outlet. “We are talking primarily about the $300 billion frozen Russian Central Bank reserves… …

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US military leaders sanctioned

Iran has sanctioned 51 Americans, including some of the US’ top military officials, that it blames for the killing of Qassem Soleimani two years ago. The sanctions come amid simmering nuclear tension between Tehran and the West. The sanctions were announced by the Iranian Foreign Ministry on Saturday, less than …

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