US Sanctions

The new sanctions allow the US “to more effectively target Iran’s energy trade,” National Security Advisor Jake Sullivan said in a statement.

This is seen as the latest retaliation to the US's approval of around US$300 million in possible foreign military sales to Taiwan.

Singapore-based Asia Fuel Pte. and Unicious Energy Pte. have been affected by the sanctions.

The governments plan to increase penalties on Russian financial institutions and state-owned enterprises.

There are many consequences arising from the war in Ukraine and they include some that impact the way we do business with China.

Ken Hu, Huawei’s rotating chairman maintains that the company is sticking to its strategy

Hong Kong’s leader said she’s having trouble using her credit cards after the US imposed sanctions targeting Chinese officials and their allies in the city.

Lam was sanctioned because she is “directly responsible for implementing Beijing’s policies of suppression of freedom and democratic processes,” the US Treasury Department said.

The legislation would apply penalties against financial institutions only if a bank knowingly does business with an official under sanction.

The US Treasury Department could impose controls on transactions and freeze assets of Chinese officials and businesses for implementing a new national security law that would curtail the rights and freedoms of Hong Kong citizens.