Reported by Robert Anello In the wake of Russia’s invasion of Ukraine, long-standing economic sanctions have been reinvigorated, with the U.S. committing significant efforts and resources to aggressive sanctions enforcement relating, in particular, to Russian oligarchs. One weapon recently added to the Department of Justice’s arsenal is a little-noticed program enacted in the closing days of 2022. The […]

Reported by Ukrainska Pravda This week, the Group of Seven (G7) countries will discuss four options for sanctions against Russian diamonds to deprive Russia of an important source of income that helps finance the war against Ukraine. At the meeting of technical representatives of the G7, the participants will discuss four proposals on sanctions against […]

Reported by Mayela Armas, Matt Spetalnick and Marianna Parraga Venezuela’s government and opposition plan to resume long-suspended talks on Tuesday, and Washington is ready to ease sanctions if President Nicolas Maduro commits to an internationally monitored election next year, multiple sources said on Monday. The U.S. has long said it would lift some sanctions in […]

Reported by Alan Rappeport On Thursday morning, the Group of 7 pledged to be tougher in enforcing measures it had taken to pressure Russia’s economy, saying it was “committed to countering any attempts to evade and undermine our sanction measures.” As part of that toughened approach, the United States imposed sanctions on two shipping companies […]

Reported by Chen Aizhu and Muyu Xu China has reaped savings this year of nearly $10 billion through record purchases of oil from countries under Western sanctions, according to Reuters’ calculations based on data from traders and shiptrackers. An unintended consequence of sanctions imposed by the United States and others on Russia, Iran and Venezuela […]