Nike has withdrawn its supply of football boots to Iran football for the World Cup in Russia due to the new United States sanctions that have been imposed, the American sportswear giant has announced. Last month, President Donald Trump reimposed economic sanctions on Iran after withdrawing from the nuclear deal between the Middle East nation […]

On Monday, 9 March 2015, President Obama signed an executive order http://1.usa.gov/1E6wwUE declaring a national emergency to deal with the threat to US national security and foreign policy posed by “the Government of Venezuela’s erosion of human rights guarantees, persecution of political opponents, curtailment of press freedoms, use of violence and human rights violations and abuses […]

France’s biggest bank agreed to pay penalty of $8.9bn for dealing with countries that were the subject of US sanctions BNP Paribas guilty plea The bank’s general counsel, Georges Dirani, told the judge that BNP’s sanctions violations took place between 2004 and 2012. BNP Paribas, France’s biggest bank, pleaded guilty to criminal charges and agreed […]

US justice department pushing France’s biggest bank to plead guilty to charges it violated US sanctions against Iran – $10bn would be more than five times the biggest fine paid by a bank to settle allegations of violating US sanctions. BNP Paribas, France’s biggest bank, is reported to be facing a fine of more than […]

  On the morning of Tuesday April 29, the EU added 15 additional individuals to the list of persons designated under the EU sanctions relating to Ukraine. These include several Russian government ministers and officials (such as the Russian Deputy Prime Minister, Dmitry Kozak, and the Minister for Crimean Affairs, Oleg Savelyev) who were listed […]

  Since March the US Commerce and State Departments have suspended their processing of applications seeking a US government license or authorization to export to Russia goods, software, technology or defense-related services.   On April 28, the Commerce and State Departments modified this partial export embargo on Russia. Going forward, they will only deny applications […]

1.On Monday April 28, the US imposed sanctions on – an additional 7 Russian individuals and – 17 Russian or Russian-owned companies. 2.All of these persons were added to the primary US sanctions list, the list of specially designated nationals, or ‘SDN’ list. 3.US persons are prohibited from dealing with any SDN, or any entity […]

Amid continued unrest and scattered reports of violence in eastern and southern Ukraine, the US and EU have moved to impose additional sanctions on Russian persons. As with the prior rounds, the new designations of Russian individuals and companies are intended to put further pressure on the Russian leadership to take action to de-escalate tensions […]