US Congressional Research Service US sanctions on Iran already ban most U.S trade , block Iran government's assets in the U.S. and prohibit U.S. foreign assistance and arms sales as per the Congressional Research Service . A large number of people and companies Iranian as well as foreign have been the subject of sanctions .
Highly Priced Yachts of Russian Oligarchs Pursuant to the Russian invasion of Ukraine last year the US and its European allies imposed sanctions against Russian owners of yachts and villas on the presumption that the owners were associated with the Russian government. Initial seizures were impounding of a 213-foot yacht owned by Alexei Mordashov in
The global economy is witnessing with alacrity the threat hurled by the United States of America to impose tariff on potential imports from China of goods valuing around USD 60 billion, ostensibly on the grounds that it violated sanctions imposed on Iran and North Korea. The trade tussle between these two global economies was simmering
UNCLOS and Rights of Coastal States The United Nations Convention on the Law of the Sea (UNCLOS) grants special rights to the coastal states with regards to exploration and use of marine resources including energy production ,in the area in its jurisdiction at times termed as exclusive economic zone (EEZ) . Economic Control of Waters
Remotely patrolling the Persian Gulf The Gulf Cooperation Council (GCC) member countries namely Kuwait, Saudi Arabia, Bahrain, United Arab Emirates, Qatar and Oman are creating and expanding a joint or multinational fleet of unmanned surface vessels (USV’s). The Persian Gulf through which the world’s major oil routes pass is 35 to 200 miles wide at
Advised to abandon Ice Skating Ambitions Credit Tennis.com Elena Andreyevna Rybakina is one of the world’s best woman tennis players. Elena Rybakina indulged in gymnastics and ice skating at an early age and was advised to opt for tennis as she was tall. Credit EUROSPORT Elena expresses her feelings of kinship with Russian and Kazakh
US & EU Sanctions Panama Canal is a marvel of maritime architecture and facilitates global ocean borne trade. The progressive development did not take place overnight though . Panama was targeted as a facilitator in illicit trade of petroleum and crude of Iran and after the conflict in Ukraine a fresh salvo has been fired
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
OFAC has now published its formal guidance on the price cap sanctions for Russian oil entering into force on December 5, 2022. The price cap policy is intended to maintain a reliable supply of oil to the global markets while reducing the revenues the Russian Federation earns from its oil after the conflict in Ukraine inflated
UAE and Indian tanker operators have significantly increased their share of the Russian crude oil trade since EU imposed a ban on imports
