The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine. The action, one day before the second anniversary of Russia’s invasion of Ukraine, essentially bans U.S. shipments to the targeted...
Some Russian banks appear to have maneuvered around a ban on shipping dollars and euros to the country by trading gold in the United Arab Emirates and Turkey, according to research from a financial-intelligence company. The sanctions on export of banknotes were introduced after the Kremlin’s invasion of Ukraine. The report compiled by Sayari found...
The United States has imposed sanctions on entities in Iran, Hong Kong, Turkey, and the United Arab Emirates that the U.S. Treasury Department says comprise a network for the procurement of parts for Iran’s drone program. The network has facilitated shipments and financial transactions in support of a critical component used in Iran’s Shahed drones,...
Sıtkı Ayan, the businessman helping Tehran sell oil, dodged US sanctions for years On March 22 of 2021, several of the world’s most dangerous men descended on Beirut’s historic seaside Summerland Hotel — not to swim in the Mediterranean or explore the sumptuous resort’s “Le Beach Pop Up,” but to talk Turkey. The meeting was...