U.S. Prepares to Lift Ban on Sales of Offensive Weapons to Saudi Arabia
Posted inBiden, Joseph R Jr Civilian Casualties Embargoes and Sanctions Gaza Strip Houthis Israel Mohammed bin Salman (1985- ) Peace Process Red Sea Saudi Arabia Senate Committee on Foreign Relations United States International Relations United States Politics and Government War Crimes, Genocide and Crimes Against Humanity

U.S. Prepares to Lift Ban on Sales of Offensive Weapons to Saudi Arabia

Some lawmakers are likely to oppose the move, but officials said the Biden administration has noted the kingdom’s de facto cease-fire with the Houthi militia in Yemen.
U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up
Posted inBanking and Financial Institutions Credit and Debt Defense and Military Forces Embargoes and Sanctions International Relations Politics and Government Russian Invasion of Ukraine (2022) United States International Relations US Dollar (Currency)

U.S. and Europe Eye Russian Assets to Aid Ukraine as Funding Dries Up

Despite legal reservations, policymakers are weighing the consequences of using $300 billion in Russian assets to help Kyiv’s war effort.
G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion
Posted inEmbargoes and Sanctions European Union Group of Seven International Relations International Trade and World Market Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Ships and Shipping United States

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion

The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.