Articles for Financial Sanctions

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military
5 months, 4 weeks ago

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military

Associated Press  

WASHINGTON — The U.S. Treasury Department said Tuesday it is imposing economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military. Included in the sanctions are Seyyed Mohammad Mosanna’i Najibi, an Iranian-Turkish money-changer, 27 cover companies controlled by Najibi …

Treasury Iranian Najibi
Biden Sanctions Four Israeli Settlers Accused Of Attacking Palestinians In The West Bank
10 months, 3 weeks ago

Biden Sanctions Four Israeli Settlers Accused Of Attacking Palestinians In The West Bank

Huff Post  

LOADING ERROR LOADING Those settlers were involved in acts of violence, as well as threats and attempts to destroy or seize Palestinian property, according to the order. “This violence poses a grave threat to peace, security, and stability in the West Bank, Israel, and the Middle East region, and threatens the national security and foreign policy interests of the United …

Violence Sanctions Bank Order West Palestinian State
West Bank: Biden sanctions Israeli settlers accused of attacking Palestinians
10 months, 3 weeks ago

West Bank: Biden sanctions Israeli settlers accused of attacking Palestinians

Associated Press  

WASHINGTON — President Joe Biden on Thursday issued an executive order that targets Israeli settlers in the West Bank who have been accused of attacking Palestinians and Israeli peace activists in the occupied territory, imposing financial sanctions and visa bans in an initial round against four individuals. The order notes that the violence by settlers undermines U.S. foreign policy objectives, …

Violence White House Bank Order West Palestinian Israel
U.P. govt reiterates austerity measures, issues guidelines to its depts
1 year ago

U.P. govt reiterates austerity measures, issues guidelines to its depts

Hindustan Times  

The Uttar Pradesh government has reiterated its austerity measures as it issued guidelines to all departments to release financial sanctions for use of the first supplementary budget for 2023-2024. The state government got its first supplementary budget of ₹28,760.67 crore for 2023-2024 passed in the state legislature earlier this month and the Uttar Pradesh Appropriation Act, 2023, has been notified. …

Budget Austerity State Measures Supplementary Financial Sanctions
No economic ‘knockout’ yet from West’s sanctions on Russia
1 year, 10 months ago

No economic ‘knockout’ yet from West’s sanctions on Russia

Associated Press  

WASHINGTON — One month into the invasion of Ukraine, President Joe Biden stood in the courtyard of a grand Polish castle and laid out the punishing economic costs that the U.S. and its allies were inflicting on Vladimir Putin’s Russia, declaring that the ruble is almost immediately “reduced to rubble.” Russia is now the world’s most heavily sanctioned country, according …

Economy War Ukraine Russia Economic West Biden
EXPLAINER: How a G-7 ban on Russian gold would work
2 years, 5 months ago

EXPLAINER: How a G-7 ban on Russian gold would work

Associated Press  

WASHINGTON — Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union’s second largest export industry after energy — gold. On Tuesday, the Group of Seven nations agreed on a ban on Russian gold imports in the latest …

Russia Sanctions Gold Putin Russian Ban Russian Gold
What is SWIFT?
2 years, 9 months ago

What is SWIFT?

India Today  

The United States and the European Union have chosen to partially exercise the nuclear-weapon option in terms of economic sanctions. These sanctions are the harshest against Moscow since its forces invaded Ukraine, and they are anticipated to have a substantial impact on a country that heavily relies on the SWIFT platform for vital natural resource transactions, particularly payments for oil …

Central Banks Moscow Swift
What is a sanctions?
2 years, 9 months ago

What is a sanctions?

India Today  

Sanctions are financial penalties imposed on a government, its authorities, or private persons as a form of punishment or to offer disincentives for specific policies and acts. Sanctions can sometimes be a brutal and ineffectual policy tool, putting insufficient costs on the targeted government while imposing disproportionate burdens on its most vulnerable citizens. Some countries may also implement sanctions lists …

Sanctions Unsc
US, allies weaponizing sanctions to curb Russian aggression
2 years, 9 months ago

US, allies weaponizing sanctions to curb Russian aggression

Associated Press  

WASHINGTON — President Joe Biden and U.S. allies in a matter of days weaponized the global economy against Russia for invading Ukraine, and the resulting destruction has been devastatingly fast. “If the conflict settles into an extended bloody stalemate, however, the sanctions may force him to withdraw and declare victory.” But Steil cautioned that the sanctions and the freezing of …

Ukraine Financial Sanctions Biden Putin Russian Aggression International Economic
ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion
2 years, 9 months ago

ASX rises for the third day and Russia doubles interest rates to prop up the rouble amid financial sanctions over Ukraine invasion

ABC  

The Australian share market has increased for the third day in a row, and the Reserve Bank has warned that the Russian invasion of Ukraine is a major source of uncertainty. Key points: The All Ordinaries index rose 0.9pc to 7,385, while the ASX 200 index rose 0.7pc to 7,097 Crown Resorts faces a huge fine over money laundering at …

Europe Ukraine Russia Financial Money Laundering Sanctions Bank
Russia-Ukraine War: What is SWIFT and will Russia be banned from this system
2 years, 9 months ago

Russia-Ukraine War: What is SWIFT and will Russia be banned from this system

India TV News  

Highlights SWIFT payment network is a dominant system for global financial transactions West, Europe now considering banning Russia from SWIFT However, banning Russia from SWIFT will have impact on other nations as well Already facing several sanctions for launching a war against Ukraine, Russia may also be kicked out of the SWIFT payment network, the dominant system for global financial …

Ukraine Russia Network Payment Swift System Swift Payment Network
Latest Russia-Ukraine updates: Kyiv to hold talks with Moscow
2 years, 9 months ago

Latest Russia-Ukraine updates: Kyiv to hold talks with Moscow

Al Jazeera  

Ukraine news from February 27: Putin puts Russia’s nuclear forces on high alert as Kyiv agrees to negotiations at the Ukraine-Belarus border. 27 Feb 2022 - 14:35 GMT Ukraine will ‘prevail’ amid Russia’s assault, foreign minister says Kuleba says Russia’s goal is to “destroy Ukraine as a state”. 27 Feb 2022 - 10:51 GMT World in ‘new era’ after Russian …

Europe France Brussels Poland Portugal Military Ukraine
February 25, 2022 Russia-Ukraine news
2 years, 10 months ago

February 25, 2022 Russia-Ukraine news

CNN  

European Union leaders have been considering what some are calling the “nuclear option” of removing Russia from SWIFT, a high security network that connect thousands of financial institutions around the world, following the invasion of Ukraine. US President Joe Biden said Thursday that removing Russia from SWIFT is not the direction the rest of Europe wants to go in at …

Ukraine Russia Financial Institutions Russian Swift Banks Shagina
Biden announces sanctions and export controls against Russia
2 years, 10 months ago

Biden announces sanctions and export controls against Russia

Hindustan Times  

President Joe Biden on Thursday announced a new round of sanctions targeting Russia after its invasion of Ukraine, charging that Russian leader Vladimir Putin “chose this war" and that his country will bear the consequences of his action. The penalties fall in line with the White House’s insistence that it would look to hit Russia’s financial system and Putin's inner …

Europe Ukraine Russia Biden President Putin Russian
US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea
3 years ago

US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea

ABP News  

New Delhi: The United States imposed financial sanctions and visa bans on current and former government officials and entities from nine countries on Friday, reported AP. In an action marking the Human Rights Day, the US imposed sanctions on North Korea under the Biden administration and targeted the Myanmar military entities. Secretary of State Antony Blinken while announcing the measures …

Human Rights China Rights Sanctions North Korea Treasury Myanmar
Big Six 'to be handed significant additional fines by the Premier League on top of UEFA sanctions'
3 years, 7 months ago

Big Six 'to be handed significant additional fines by the Premier League on top of UEFA sanctions'

Daily Mail  

The 'Big Six' Premier League clubs will be handed additional fines from the Premier League for their role European Super League project, according to reports. The 'Big Six' clubs will receive more Super League fines from the Premier League, say reports UEFA handed out financial sanctions to the breakaway clubs on Friday as part of an agreement But according to …

English Super League Club Premier Clubs League European
US President Joe Biden Calls for Protecting LGBTQI Rights Worldwide through Financial Sanctions
3 years, 10 months ago

US President Joe Biden Calls for Protecting LGBTQI Rights Worldwide through Financial Sanctions

News 18  

U.S. President Joe Biden on Thursday issued a presidential memorandum aimed at expanding protection of the rights of lesbian, gay, bisexual, transgender and queer and intersex people worldwide, including potentially through the use of financial sanctions. While a presidential memorandum is largely symbolic, Biden campaigned on a pledge to pass LGBTQ rights legislation known as the Equality Act in the …

Rights President Lgbtq Lgbtqi Lgbtq People Biden Calls Financial Sanctions
EFL planning to lift sanctions against clubs that don't pay their tax bills as debts spiral
4 years, 1 month ago

EFL planning to lift sanctions against clubs that don't pay their tax bills as debts spiral

Daily Mail  

The EFL is dropping sanctions against teams that don't pay their tax bills as it tries to protect clubs from the growing financial crisis and turns up the heat on the Government to help. EFL is planning to lift sanctions on clubs that default on tax bills as financial crisis deepens The EFL has become increasingly frustrated with Culture Secretary …

Culture Financial Tax Pay Teams Premier League Premier
US Sanctions on Carrie Lam May Affect Financial Firms in Hong Kong, Here's How
4 years, 4 months ago

US Sanctions on Carrie Lam May Affect Financial Firms in Hong Kong, Here's How

News 18  

The United States has imposed sanctions on Hong Kong Chief Executive Carrie Lam and 10 other top Hong Kong and Chinese officials over what Washington says is their role in curtailing political freedoms in the territory. Under the law, it is a crime to receive “instructions, control or funding from a foreign country … to impose sanctions or blockade” against …

Law China Financial Sanctions Hong Kong Kong Hong