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sanctions – XtremeCuztoms

Tag: sanctions

House to Vote on Resolutions to Lift Terrorism-Related Sanctions

The House of Representatives is scheduled to vote on July 18 on resolutions that would lift terrorism-related sanctions. The resolutions would end national emergencies declared by Presidents George W. Bush and Barack Obama between 2003 and 2012. H.J.Res.68, introduced by Rep. Lauren Boebert (R-Colo.), would repeal the national emergency declared by Mr. Bush on Oct. 27,…


IN-DEPTH: Russia, Burma Further Ties With Nuclear Energy Deal

The Russian State Nuclear Energy Corporation, Rosatom, has recently signed a few MOUs with the Myanmar Junta. This includes a deal in June to probe the feasibility of building 372 MW of wind farms and the inauguration in February of a nuclear power information center as a step toward developing atomic power. Both Russia and…


China Restricts Export of Rare Metals Used in High-Performance Chips; Expert Says Move Mainly for Propaganda

The Chinese Communist Party’s announcement of new state controls restricting exports of gallium and germanium on July 3 is retaliation for the West’s chip sanctions on the regime, according to a Taiwan-based defense expert. Su Tzu-yun, director of the Institute for National Defense Security Research in Taiwan, said that the move by China’s Ministry of Commerce and Customs…


US Sanctions Gold Firms Tied to Wagner Mercenary Group

The U.S. Treasury Department on Tuesday imposed sanctions on multiple companies accused of using illicit gold sales to help fund Russia’s Wagner mercenary group. Treasury said in an announcement on June 27 that it had sanctioned four companies in the Central African Republic (CAR), United Arab Emirates (UAE), and Russia, accusing the entities of engaging…


US Slaps Sanctions on Iranian, Chinese Targets Over Tehran’s Missile, Military Programs

WASHINGTON—The United States imposed sanctions on Tuesday on more than a dozen people and entities in China, Hong Kong, and Iran, including Iran’s defense attache in Beijing, over accusations they helped procure parts and technology for key actors in Iran’s ballistic missile development. Earlier on Tuesday, the official IRNA news agency reported the Iranian regime…


By Supporting China, Saudi Arabia Risks Secondary Sanctions

Commentary Saudi Arabia was China’s biggest oil supplier in April, according to the latest data released on May 20. China’s oil imports from the kingdom rose 2.9 percent year-to-date. Saudi oil imported into China in April totaled 8.46 million tons (2.06 million barrels per day). This exceeded the 7.12 million tons imported from Russia and 4.72 million…


US, South Korea Issue Fresh North Korea Sanctions on ‘Illicit’ IT Workforce

The United States and South Korea on Tuesday announced new North Korea sanctions related to thousands of IT workers, many operating in China and Russia, whose labors allegedly help fund weapons of mass destruction and missile programs, they said. One individual, Kim Sang Man, and the North Korea-based Chinyong Information Technology Cooperation Company were sanctioned…


Impose Secondary Sanctions on the Business Partners of Russia and China

Commentary Western sanctions on Russia have loopholes through which a self-driving truck with haywire AI could drive. Businesses in Central Asia, for example, openly advertise online about how they serve as transshipment points to evade U.S. and EU sanctions “100 percent.” The statistics back them up. As soon as the sanctions took effect, imports of…


US Won’t Find Same Unity in Imposing Sanctions Against China as It Did With Russia: Panel

Russian President Vladimir Putin spent nearly a decade developing a “Fortress Russia” strategy to mitigate the impact on his nation and its financial institutions from Western sanctions before launching his February 2022 invasion of Ukraine. That strategy, which included an accelerated “de-dollarization” effort since 2014, has failed in the face of stiff sanctions imposed by…


Senators Urge Ottawa to Give Sanctions Regime the Same Clarity, Assessment as Allies

The Senate foreign-affairs committee is calling on Ottawa to clarify the reasons it issues sanctions and improve the ways it assesses whether financial embargoes and travel bans are actually working. Senators say in a new report that Ottawa needs to be more transparent about how it chooses to sanctions people, how those who are targeted…