Category: Embargoes and Sanctions

Gilbert Bigio, Haitian Tycoon Linked to Gangs, Dies at 91

The New York Times – Business:
Reportedly the wealthiest man in the poorest country in the Western Hemisphere, Gilbert Bigio was sanctioned for ties to criminal gangs. He was 91.
Trump Offers Putin Economic Relief in Hopes That Russia Will Return the Favor

The New York Times – Business:
The Trump administration is ignoring the will of Congress and waiving new Russia sanctions amid fears that high energy prices will cost Republicans in next month’s elections.
Why Easing Sanctions on Russian Diesel Is Unlikely to Lower Fuel Costs

The New York Times – Business:
President Trump’s deal with Russia will probably not lower diesel prices that have soared because of his war with Iran and Ukrainian attacks on Russian refineries.
Senators Urge Trump to Reverse Diesel Deal With Putin

The New York Times – Business:
A bipartisan group of 12 senators called on the president to drop his decision to ease sanctions on Russia’s exports of diesel fuel, saying the deal would help Moscow continue the war in Ukraine.
How Correspondent Banking Can Enable Sanctions Evasion

The New York Times – Business:
The correspondent system for banking has enabled globalism — and has been exploited by companies trying to skirt U.S. sanctions.
US Sanctions A7, a Russia Firm That Helps Sidestep Economic Restrictions

The New York Times – Business:
The move follows recent reports detailing how A7, a Russian financial firm, used shell companies around the world to move funds on behalf of restricted Russian businesses.
US Hits Canada With Ban on Some Dairy and Liquor Products

The New York Times – Business:
An outright ban on certain Canadian products took effect Tuesday, escalating a damaging trade fight between the two North American allies.
The ‘Monster’ Behind Russia’s Global Effort to Evade Western Sanctions

The New York Times – Business:
A Moscow firm uses shell companies and cryptocurrency to launder money, and a custom app to forge trade records, to help Russia bypass sweeping financial restrictions.
India Is Again Squeezed Between the Threat of Trump Tariffs and Russian Oil

The New York Times – Business:
India is trying to secure affordable energy while preserving a crucial relationship with Washington, a balancing act made harder by turmoil in global energy markets.
Trump Sanctions on Cuba Strands Thousands Of Shipping Containers

The New York Times – On the Runway:
The U.S. says its sanctions are not aimed at depriving Cuba of essential goods. Thousands of stranded shipping containers tell a different story.
The Hidden Human Cost of Kim Jong-un’s New Power

The New York Times – On the Runway:
The North Korean leader’s financial and diplomatic leverage rests on the brutal exploitation of his own people, from coal miners to diplomats, at home and abroad.
The Hidden Human Cost of Kim Jong-un’s New Power

The New York Times – On the Runway:
The North Korean leader’s financial and diplomatic leverage rests on the brutal exploitation of his own people, from coal miners to diplomats, at home and abroad.