17 Jan 2019

Trump considering oil embargo, recognition of Juan Guaido as Venezuela’s legitimate President

President Trump is reportedly considering the possibility of recognizing the President of the Venezuelan National Assembly and leader of the political opposition bloc as the country’s legitimate president, according to several sources. President Trump is also reportedly considering a full embargo against Venezuelan oil, which would increase US gas prices by

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27 Dec 2018

Russia faces higher inflation, economic slowdown in 2019

“Russian economic growth has been below the global average in the past few years, hampered by a weak and volatile currency, a drop in oil prices, and by sanctions first imposed by the European Union and the United States in 2014 after Russia’s annexation of Crimea. Russia’s seizure of three

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20 Dec 2018

Open Scientific Collaboration May Be Helping North Korea Cheat Nuclear Sanctions

“For years, the world has imposed strict sanctions on North Korea in an attempt to stop its development of nuclear weapons. Officials from nations across the globe have seized shipments of raw materials, shut down shell companies and interdicted ships smuggling equipment. But despite these efforts, last year North Korea

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03 Dec 2018

Factbox: Contrasting Chinese, U.S. statements on trade war agreement

China and the US came to a limited agreement over the weekend concerning the ongoing trade war between the two countries. Each country, however, presented the agreement in a different way. These differences in interpretation or presentation are important, as massive portions of the economy rely on the negotiations that

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26 Nov 2018

Jamal Khashoggi killing: Finland, Denmark, Germany halt arms sales to Saudi Arabia

“Three countries have halted arms sales to Saudi Arabia while the U.S. has stuck by the kingdom after the killing of Washington Post columnist Jamal Khashoggi. Finland and Denmark joined Germany this week in halting all future arms sales and sending of military equipment to the Saudi government. Germany and

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20 Nov 2018

Germany announces ban on arms exports to Saudi Arabia

“The German government has halted arms sales to Saudi Arabia and slapped a travel ban on a group of Saudi nationals in response to the killing of Jamal Khashoggi, according to news reports on Monday. German daily Die Welt reported that all exports of arms would be stopped, including deals

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14 Nov 2018

Iran prepares cryptocurrency as US cuts SWIFT services

Iranian access to the SWIFT financial system has now been cut off as part of US sanctions against the regime. While the SWIFT system is supposed to be an independent entity, the US has demonstrated its influence and control over it in this instance, leading critics to more actively support

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08 Nov 2018

Tehran keeps probing crypto in search of sanction relief

Iran employs a variety of methods, including cryptocurrency transactions, to avoid international sanctions. In an October advisory statement, the US Treasury Department’s Financial Crimes Enforcement Network stated that “with the full re-imposition on November 5th of sanctions lifted under the Joint Comprehensive Plan of Action, FinCEN expects that Iranian financial

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06 Nov 2018

Venezuela seeks to repatriate $550 million of gold from Britain

Venezuela is seeking to repatriate about $550 million in gold bars from the Bank of England because of fears it could be caught up in international sanctions on the country, two sources with direct knowledge of the effort told Reuters. Venezuela’s hard currency holdings have dwindled as existing U.S. financial

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02 Nov 2018

Iran Sanctions Kick In, With Biggest Oil Disruption in Years

“Midnight on Sunday will mark a dividing line in the world of oil. Beyond that point, anyone unloading a tanker from Iran risks the full wrath of the U.S. government. The Middle East’s third-biggest oil producer has already seen many buyers flee, with sales tumbling 37 percent since President Donald

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