OFSI

Britain’s Office of Financial Sanctions Implementation (OFSI) has fined Apple Distribution International Ltd £390,000 for breaching Russian sanctions, saying the subsidiary of Apple instructed a UK bank to make two payments totaling £635,618.75 to a Russian streaming company owned by a designated entity.

Iranian-linked wealth has continued to find its way into London property despite years of Western sanctions, with luxury homes, apartments, and a boutique hotel tied to figures accused by British and U.S. authorities of supporting Tehran’s sanctions-evasion networks.

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.

A trader identified by The Wall Street Journal as a central figure in Russia’s shadow fleet has revived his oil business after the Iran war disrupted supplies from the Persian Gulf and boosted demand for Russian crude that had been stranded at sea.

An Iranian banker sanctioned by Britain for allegedly helping finance the Islamic Revolutionary Guard Corps (IRGC) owns a luxury villa in Marbella through the Spanish subsidiary of a UK company.

Western governments marked the anniversary of Russia’s full-scale invasion of Ukraine with new measures targeting the Kremlin’s revenue streams and enabling networks, despite stalled efforts by the EU to approve a broad sanctions package.

A blacklisted, former Belarusian official is working with Russia to disguise the origin of agricultural products from Ukraine’s occupied territories, according to new reporting by Ukrinform. The news agency, which is Ukraine’s only national news service and is controlled by the country’s Cabinet of Ministers, said it based its reporting on documents obtained by the Belarusian opposition group […]

An IT misconfiguration has exposed an apparent network of oil traders that has helped move at least $90 billion of Russian crude and has become central to keeping export revenues flowing to the Kremlin, the Financial Times reported Friday. 

Tens of thousands of foreign-brand cars are reaching Russia via China through gray-market channels that often circumvent sanctions and automakers’ pledges to exit the Russian market.

The UK on Thursday imposed new sanctions on six individuals it says are fueling Sudan’s war, including through the recruitment of foreign fighters and financing of military operations.