Dapper Labs suspends Russian accounts after new EU sanctions

Reported by: BRIAN QUARMBY Announced on Oct. 6, the latest set of EU sanctions on Russia stipulates a full ban on the provision of crypto-asset wallets, accounts and custody services, regardless of the total value of the assets.  Following the sanction announcement, Dapper stated that accounts with connections to Russia will no longer be able to sell, purchase […]

Sanctions fail to stem Russia’s outbound seaborne trade

Reported by: Bridget Diakun RUSSIA’s outbound seaborne trade remains stable despite successive waves of sanctions levelled against Moscow by the European Union, US and UK. According to Lloyd’s List Intelligence data there were approximately 2,064 vessel departures from Russia to foreign ports in August compared with 2,109 in July. While outbound sailings dropped 10% in response to […]

Highly sanctioned Russian oligarch with close ties to Putin indicted for sending flowers, arranging for child to be born in the U.S.

Reported by: Lukas I. Alpert Aluminum tycoon Oleg Deripaska, a Russian oligarch with close ties to Vladimir Putin, has been indicted for allegedly evading U.S. sanctions through hidden financial transactions, including sending people flowers and arranging for his girlfriend to give birth to his child in America.  Deripaska, 52, who owns a majority stake in […]

Musk activating Starlink satellite internet in Iran after Biden administration relaxes sanctions

Reported by: JARED GANS SpaceX CEO Elon Musk announced on Friday that he is activating the company’s Starlink satellite internet service in Iran after U.S. officials eased sanctions to allow the Iranian people greater access to the internet.  The Treasury Department announced the policy change earlier on Friday to let companies provide additional online services as […]