Reported by DAVID PLOTINSKY and GIOVANNA M. CINELLI In the absence of overarching regulation in the United States, AI is currently governed by a mix of the federal government, state governments, industry itself, and the courts. These tools, however, are limited and have challenges of their own, including possible conflicts of interest in the case […]
Reported by Albert Torres After the Oct. 7 attacks on Israel by Iran-backed Hamas, the Biden administration proudly touted its retaliatory crackdown on Iran’s oil revenue. Since 2023, however, Iran has made billions of dollars from its oil industry, using U.S. services and evading U.S. sanctions. And it’s not alone. The methods used to avoid detection and […]
Reported by Daniel Flatley and Jack Farchy The US and UK imposed new restrictions on trading Russian aluminum, copper and nickel that will reverberate across global metal markets, in the latest bid to curb President Vladimir Putin’s ability to fund his war machine. The rules prohibit delivery of new supplies from Russia to the London Metal Exchange […]
Reported by Pjotr Sauer Two Russian oligarchs have won a surprise victory against EU sanctions over Moscow’s war against Ukraine but remain under punitive measures for the time being. The European court of justice ruled that the European Council had not presented enough evidence to establish that Petr Aven and Mikhail Fridman were involved in […]
Reported by Chris Miller (American Enterprise Institute) After Russia again invaded Ukraine in February 2022, the US and its allies restricted Russia’s access to semiconductors, aiming to cause disruption to the Kremlin’s defense industrial supply chains. Have these controls on semiconductors worked? The secrecy of the Russian defense industrial base makes it difficult to answer […]
Reported by Pravda As of July 2023, Russia had imported at least 3,600 luxury cars since the beginning of the full-scale invasion, even though the G7 countries imposed restrictions on exporting such goods to the Russian Federation in early March 2022. Ukrainska Pravdaʼs investigation has shown that Russian billionaires are overpaying for “logistical inconveniences”. However, […]
Reported by Reuters Russian oil firms face delays of up to several months to be paid for crude and fuel as banks in China, Turkey and the United Arab Emirates (UAE) become more wary of U.S. secondary sanctions, eight sources familiar with the matter said. Payment delays reduce revenue to the Kremlin and make them […]
Reported by Robert Huish, Dalhousie University How have 16,000 strategic sanctions issued by some of the most powerful economies in the world failed to derail Putin? As I recently watched the news break on CBC about Russia’s robust economy, an advertisement from the World Gold Council popped onto the screen. And there was the answer, hiding in […]
Reported by Mengqi Sun EFG International agreed to pay about $3.7 million to settle allegations the Swiss private bank violated U.S. sanctions by holding and investing securities on behalf of blacklisted individuals, the U.S. Treasury Department said. Between 2014 and 2018, Zurich-based EFG allegedly processed 868 securities transactions for customers in Cuba and for a […]
Reported by ANDY GREENBERG In his years as a US federal agent, Tigran Gambaryan helped to lead landmark investigations that took down cryptocurrency thieves and money launderers, dark-web drug dealers, and even crypto-funded child exploitation networks. Now, in his post-government role at the cryptocurrency exchange Binance, he has become the target himself of a very […]
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