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EU seeks to close the loophole weakening Russian oil sanctions

Designating a Network of Iranian Oil Sanctions Evaders

Today, the United States is designating an international oil smuggling and money laundering network led by businessman Sitki Ayan for providing support to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and Lebanese Hizballah, under counterterrorism sanctions authorities.

READOUT: Deputy Secretary of the Treasury Wally Adeyemos Meeting of Countries Imposing Economic Restrictions on Russia

WASHINGTON Top officials representing ministries of finance and other government agencies from 33 countries met at the U.S. Department of the Treasury today to discuss the effects of international sanctions and export controls on Russia’s military-industrial complex and critical defense supply chains.

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