Sanctions
Asia Traders Ready, Willing, Unable to Buy Russian Coal
Citing an inability to find an appropriate payment arrangement, would-be purchasers of discounted Russian thermal coal based in Asia have
US Treasury Designates Faciltators of Russian Sanctions Evasion
On 20 April 2022, U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated Russian bank,
Aviation Company Says Bank Wrongfully Dishonored LCs Backing Russian-Leased Planes
Celestial Aviation Services, a subsidiary of Irish-based aircraft leasing giant AerCap, filed a USD 45.8m suit in London High
Majority of Jets Leased to Russia Remain Unrecovered
Foreign leasing companies which have supplied Russia’s airline industry with more than half of its 980 aircraft fleet recovered “only a fraction” of the jets
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
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.
Singapore Still Dealing with Hin Leong Fallout
Two years after news of the Hin Leong Trading debacle surfaced and fraud in the commodity trading sector came to light, repercussions are still being felt.
Myanmar: Energy companies abandoning gas project
Energy companies TotalEnergies and Chevron are abandoning a gas project in Myanmar.
Sanctions Watch
Below is a quick list of sanctions imposed upon Russia by the EU, UK, and US regulators.
Blocked after Presentation: Another Layer of Concern
Should an issuing bank pay if presented documents comply, but it learns of recent news that an entity involved within
