Russia
Sri Lanka Gov Purchased Coal from Russian Trader
According Reuters reporting, a Sri Lankan government official has affirmed that the country has purchased two cargoes of 60,000
FinCEN Alerts of Possible Russian Sanctions Evasion Tries
US Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Alert on 7 March 2022, advising financial institutions (FIs) to be vigilant against efforts to evade sanctions.
SWIFT Disconnects Designated Russian, Belarusian Entities from Network
In compliance with applicable sanctions laws and conforming to legal instructions issued by the European Union, SWIFT disconnected selected banks from its financial messaging services in March 2022.
AerCap: USD 2.4b Net Charge on Russian Aircraft Leases
First quarter 2022 financial results released by AerCap, the world’s largest aircraft leasing company, indicate it has recognised a USD 2.4b net charge related to the Russian invasion of Ukraine.
Nigeria and Russia to Deal for Fertiliser Raw Materials
In spite of the ongoing Russia-Ukraine war, Nigeria has re-established its link with Russia for potassium and will take June
Sanctions Watch
Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.
Russian Oil Buyers Unable to Obtain LCs, Banks Back Off
According to multiple trading sources cited by Reuters, at least three major buyers of Russian oil have been unable to open letters of credit from unnamed “Western banks” to cover purchases on 24 February 2022.
Judgment Rules Companies Must Know End Destination of Products
A conviction by a Danish court for violating EU sanctions against Syria has underscored the knowledge governments expect of companies of the end destination of their products.
