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Sanctions

This page groups every matching story, the editions they appeared in, and the adjacent themes that keep brushing against the same subject.

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6

Latest edition

29 May 2026

Coverage trail

16 of 6

29 May 2026Policy & Regulation

Hong Kong emerges as hub for Russia shadow fleet

Hong Kong has become essential to Russia's sanctions evasion efforts, hosting 31 ships owned by subsidiaries of sanctioned Russian entities including Sovcomflot and Novatek. The Committee for Freedom in Hong Kong Foundation found Sovcomflot uses seven Hong Kong subsidiaries with frequent vessel renaming to hide ownership. Research shows Hong Kong semiconductor exports to Russia nearly doubled after February 2022, with 40% of $2 billion in shipments containing controlled items. Russia's 400-ship shadow fleet now moves 70% of its seaborne oil exports, generating an extra $9.4 billion in 2024 revenue by circumventing the $60 price cap.

From Disney faces licence review after Kimmel clash

20 May 2026Policy & Regulation

UK cuts Russian oil cap as US eases sanctions

The UK lowered its oil price cap on Russian crude from $60 to $47.60 per barrel while the US temporarily loosened restrictions for 30 days to contain fuel prices amid Iran-related supply disruption. The UK's tighter cap took effect September 2 with a 45-day wind-down period, aligning with EU moves to squeeze Russia's wartime revenues. The policy divergence creates compliance complexity for traders and shipowners navigating different sanctions regimes. Oil markets are under pressure from Strait of Hormuz concerns, with roughly 20% of global crude flowing through the waterway, forcing governments to balance sanctions policy against inflation control.

From NYC unions secure six-figure pay as Jefferies raids rivals

19 May 2026Markets & Economy

US drops fraud cases against Gautam Adani

US authorities are ending fraud investigations against Indian billionaire Gautam Adani after he hired a Trump-linked lawyer and pledged $10 billion in US investments, according to multiple reports. The decision comes separately from Adani Group's $275 million settlement of US sanctions violations and follows the 2023 Hindenburg Research report that accused the conglomerate of stock manipulation and accounting fraud. Adani's net worth collapsed from over $120 billion to around $70-100 billion after the allegations but has partially recovered as immediate default fears receded. The resolution removes a major overhang for Asia's richest person while raising questions about whether investment pledges influence US enforcement outcomes. Indian regulatory probes by SEBI continue on separate tracks, suggesting the legal clarity may be limited to US jurisdictions.

From Putin signs gas deal as Xi hints at regret

7 May 2026Top Stories

China tells banks to freeze loans to US-sanctioned refiners

Beijing's financial regulator quietly ordered state banks to halt new loans to five refineries blacklisted by Washington for Iranian oil ties, including Hengli Petrochemical, one of China's largest private refiners. The same week, China's commerce ministry invoked blocking statutes instructing firms to ignore US sanctions. This dual approach protects systemically important banks from secondary sanctions while publicly defying Washington, classic Beijing hedging ahead of the Trump-Xi summit.

From AirAsia calls jet fuel crisis worse than Covid

27 April 2026Top Stories

US sanctions hit China's largest Iranian oil buyer

Treasury sanctioned Hengli Petrochemical's Dalian refinery plus 40 shipping companies as part of Trump's 'Economic Fury' campaign to choke off Iran's oil revenue. The move targets one of Iran's largest customers, which bought billions of dollars worth of Iranian crude alongside other Chinese 'teapot' refiners that represent a quarter of China's refinery capacity. China criticized the US for 'abusing' unilateral sanctions, but smaller teapots have limited US financial exposure and may prove somewhat immune. The bigger risk is forcing these marginal operators to close entirely, potentially disrupting a quarter of China's refining capacity and hurting local Shandong communities dependent on the facilities.

From Trump orders Navy blockade as Iran talks collapse

22 April 2026Top Stories

Trump extends Iran truce as oil markets stay skeptical

Trump extended the Iran ceasefire while maintaining naval blockades, sending oil prices into whipsaw trading around $82 per barrel. Peace talks have stalled over sanctions relief, with Iran demanding full lifting before any nuclear concessions. The market's muted response suggests traders expect this truce to fracture within weeks rather than months. Dollar weakness and steady gold prices indicate investors are hedging for renewed Middle East volatility, not celebrating diplomatic progress.

From SpaceX books $60bn Cursor deal as AI arms race escalates

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