The Canadian government is imposing sanctions on dozens of Russian military officers whose troops are accused of committing atrocities against Ukrainian civilians. Foreign Affairs Minister Mélanie Joly announced the new sanctions against 47 Russians this morning, as Russia’s invasion of Ukraine continues nearly six months after it began. Canada is also adding 17 Russian companies…
Canada Sanctions Russian Military Officers for Attacks Against Civilians
Biden Administration Is Working to Reduce China Investment and Trade—But Moving Slowly
Commentary The Biden administration is taking steps to restrict China’s investment and trade to slow Beijing’s quest for dominance, but it is slow going with piecemeal and often uncoordinated legislation. American money supports the Chinese Communist Party (CCP) juggernaut on both sides of the Pacific. China is buying up assets in the United States, while…
Rubio Urges Biden Administration Not to Overturn Restrictions on Chinese Military Investments
June 23, 2022
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ChinacongressExecutive BranchNational SecurityPoliticsRepublicanssanctionThreat from Communist ChinaTreasury DepartmentUSUS NewsUS-China relations
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Sen. Marco Rubio (R-Fla.) has expressed concern regarding the Treasury Department’s quiet updates to its sanctions related to the Chinese military. Rubio referred to the updates, which were posted as “Frequently Asked Questions” notes, as “unacceptable” and running “directly counter to U.S. national security priorities.” He strongly urged the department to reverse its change in policy….
Russia May Cut Off Gas Completely, Europe Must Act Now: IEA
June 22, 2022
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Business & MarketscommoditiescrisisenergyEUEuropeGasIEAInvestmentMarketsRussiaRussia-Ukraine WarsanctionUkraineWorld
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BRUSSELS—Russia may cut off gas to Europe entirely as it seeks to bolster its political leverage amid the Ukraine crisis, the head of the International Energy Agency (IEA) said on Wednesday, adding Europe needed to prepare now. “I wouldn’t rule out Russia continuing to find different issues here and there and continuing to find excuses…
3 US Companies That Allegedly Sent Defense Blueprints to China Receive Export Denial Order
June 9, 2022
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ChinaChina Business & EconomyNational Securitysanctionu.s. national securityUSUS NewsUS-China relations
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The Commerce of Business has issued a temporary denial order (TDO) for 180 days to three U.S. companies for the illegal export of data relating to satellite, rocket, and defense technology to China. On June 7, the Commerce Department’s Bureau of Industry and Security (BIS) accused three U.S.-based companies of unauthorized export of technical drawings…
Liberals Move to Bar Sanctioned Russians From Canada Through Immigration Amendments
The Liberal government is moving to ban Russians sanctioned over Moscow’s invasion of Ukraine from entering Canada. The government tabled proposed amendments to federal immigration law in the Senate today to ensure foreign nationals subject to sanctions under the Special Economic Measures Act are inadmissible to Canada. The changes would allow the Canada Border Services…
EU Aims for Russian Oil Ban as Ukraine Says Battlefield Assault Intensifies
May 4, 2022
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Business & Economyeconomic policieseconomyEuropeMarketsNATORussiaRussia-Ukraine WarsanctionUkraineWorld
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KYIV/BRUSSELS—The European Union proposed its toughest sanctions yet against Russia on Wednesday, including a phased oil embargo, as Kyiv said Moscow was intensifying an offensive in eastern Ukraine and close Russian ally Belarus announced large-scale army drills. Russia was intensifying its assault, Ukraine’s defense ministry said, with nearly 50 air strikes carried out on Tuesday…
Huawei’s Q1 Sales Down 14 Percent as US Sanctions Remain
April 29, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesHuaweisanctiontechnologyUSUS-China relations
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SINGAPORE—Chinese telecoms equipment and smartphone maker Huawei’s sales fell 14 percent in January–March from a year earlier as it grappled with U.S. sanctions, according to figures released by the company Thursday. Huawei Technologies said its revenue was 131 billion yuan ($19.8 billion) in the first quarter of 2022, compared to 152.2 billion yuan a year…
EU Sanctions on Russian Rubber to Hit Nokian Tyres Output
April 12, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropeInternationalMarketsnokian tyresRussiaRussia-Ukraine WarsanctionUkraineWorld
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HELSINKI—Finnish tyre maker Nokian Tyres said on Monday new sanctions imposed by the European Union (EU) on Russia will have a significant impact on its production. The sanctions, announced on Saturday, ban the import of tyres from Russia, Nokian said, and will affect the company’s ability to sell tyres both in Russia and in the…
Capacity Crunch May Abort US Satellite Boom as Sanctions Threaten Russia Launches
April 12, 2022
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Business & EconomyCompanieseconomic policieseconomyEuropeInternationalMarketsRussiaRussia-Ukraine WarsanctionsatelliteScienceScience NewsSpaceUSUS NewsWorld
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Houston, we have a problem! U.S. rocket companies are facing the daunting task of ferrying hundreds of satellites to space in the coming years as sanctions sideline the Russian space launch industry. SpaceX, Astra Space, and Rocket Lab USA are among a handful of U.S. companies expected to fill the vacuum, but industry officials have…
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