Misinvoicing in Asian Trade Has Doubled Over the Past Decade: Report
Trade misinvoicing is occurring at “massive scale” across Asian supply chains, with discrepancies in reported invoice values reaching a record $1.7 trillion in 2022 across developing Asia.
OFAC Lifts Sanctions on 3 Russian Ships, Raising Questions of Policy Shift
The United States has lifted sanctions on three Russian-flagged commercial vessels, but the Treasury Department says the move does not signal a broader change in Washington’s policy toward Russia.
UK Cargo Theft Is Worsening as Thieves See Low Risks for Big Rewards
Cargo theft in Britain is evolving into a high-yield criminal business that costs the economy about £700 million a year, as organized gangs target truckloads of food, alcohol, electronics, and consumer goods that can be quickly resold through online platforms and grey-market wholesalers.
Hungary Secretly Worked with Russia to Water Down EU Sanctions
Hungary’s foreign minister privately shared sensitive European Union discussions with Russia and worked with Moscow to try to remove sanctioned Russian individuals, banks, and companies from EU blacklists.
From Cuba to South Korea, Russian Oil Exports Start Arriving
Cuba was preparing on Monday to receive a sanctioned Russian tanker carrying about 730,000 barrels of oil, offering a temporary lifeline to the island as it struggles through a fuel crisis worsened by a U.S. oil blockade.
Even with U.S. Waiver, Iran’s Oil Heads for China
China remains the destination for about 90 percent of Iranian crude exports despite a recent U.S. sanctions waiver intended to release previously restricted oil onto global markets.
India Begins Buying Iranian LPG Again
India has purchased its first cargo of Iranian liquefied petroleum gas in years after the United States temporarily lifted sanctions on Tehran’s oil and refined fuel exports.
South Africa’s ‘Rhino Baron’ Accused of Running Massive Horn-Trafficking Ring
South African authorities have accused captive rhino breeder John Hume of leading one of the largest rhino-horn trafficking syndicates on record and using domestic reporting requirement to conceal his illicit activity.
Trump’s Iran Sanctions Lift Could Give Tehran $14bn Windfall
President Donald Trump is facing bipartisan blowback after his administration temporarily eased sanctions on Iranian oil, a move that could allow Tehran to sell up to 140 million barrels now at sea and generate as much as $14 billion as oil prices surge during the U.S.-backed war against Iran.
U.S. Mulls Lifting Some Iran Sanctions to Mitigate Oil-Price Surge
The United States may remove sanctions in the coming days on about 140 million barrels of Iranian oil stranded aboard tankers at sea, according to The Guardian, which cited recent comments by U.S. Treasury Secretary Scott Bessent.