sanctions

The effectiveness of the United Nations economic sanctions on North Korea is in question due to the country’s continued ballistic missile activities. What Happened: The UN Security Council’s inability to agree on new resolutions against North Korea for over half a decade has allowed the...

The United States is set to impose sanctions on more than 500 Russian entities, marking the second anniversary of Russia’s invasion of Ukraine. What Happened: The U.S. will impose sanctions on over 500 targets on Friday, Deputy U.S. Treasury Secretary Wally Adeyemo informed on Thursday, as...

The Governor of the Bank of Russia, Elvira Nabiullina, is preparing for heightened sanctions targeting the country’s economy amid swift restructuring efforts. What Happened: Nabiullina on Monday stated that Russia’s economy is restructuring “quite quickly” as businesses...

A top official from the Biden administration called on the U.K. government to strengthen its sanctions against the militant organization Hamas in light of its recent actions in Israel. During a visit to London, U.S. Department of Treasury Deputy Secretary Wally Adeyemo unveiled...

The US Department of Justice (DOJ) is heightening its investigation into UBS Group AG (NYSE:UBS) and Credit Suisse Group for alleged failures in compliance, which may have allowed Russian clients to circumvent sanctions. What Happened: The DOJ’s inquiry has...

While U.S. and Europe lost trillions of dollars in 2022, Russians were piling on wealth despite sanctions amid the ongoing conflict in Ukraine, a UBS report has revealed. What Happened: The ongoing Ukraine war and the Western sanctions did not prevent Russia from adding $600 billion...

Last week, Russia released a list of 500 Americans it banned in response to a new round of sanctions imposed by the U.S. Russia's foreign ministry said the move was triggered by the U.S.' refusal last month to give visas to media traveling with Foreign Minister Sergei Lavrov to the...

In a bid to combat sanctions evasion using cryptocurrency, the IRS criminal investigation division has announced its collaboration with blockchain analytics firm Chainalysis and Ukrainian investigators. The joint effort aims to identify Russian individuals who might be using digital assets to hide...

Crypto giant Binance Holdings Ltd (CRYPTO: BNB) is facing an investigation by the U.S. Justice Department over possible violations of sanctions imposed against Russia. According to a Bloomberg report, authorities are investigating whether Russians used Binance to skirt U.S....

China's yuan has reportedly taken over the position held by the U.S. dollar as the most traded currency in Vladimir Putin-led Russia, a year after the Ukraine war led to a slew of Western sanctions against Moscow. The yuan surpassed the dollar in monthly trading volume in February for the first...

The U.S. and its European allies are lobbying the United Arab Emirates to halt exports of critical goods to Russia amid Vladimir Putin's unprecedented war in Ukraine.  What Happened: Officials from the West in recent weeks visited the middle-eastern nation to press the wide-ranging scope of...

Russia’s economy reportedly narrowed just 2.1% last year against expectations of a major recession as rising commodity exports helped offset the impact of U.S. and European sanctions in the backdrop of the Ukraine invasion. The preliminary result was better than the 3% fall expected by...

The South Korean government has issued sanctions against four North Korean individuals and seven institutions, accusing them of financing "nuclear and missile development" through illegal cyber activities, including cryptocurrency theft. "This marks the first time that the South...

Former President Donald Trump has offered a $1.03 million bond to appeal a judge's order to pay more than $937,000 in sanctions for suing former Secretary of State Hillary Clinton. Trump and his lawyer Alina Habba made the offer in a letter to U.S. District Judge Donald M. Middlebrooks in...

Since taking over social media platform Twitter, Elon Musk has made many headlines related to how he is controlling the platform. On Thursday, Musk made a move that upset the European Union (EU) Commission. What Happened: Tesla Inc (NASDAQ: TSLA) and Twitter CEO Elon Musk suspended the accounts of...