$500 Million in Telegram Bonds Frozen in Russia Due to Sanctions
Approximately $500 million worth of bonds issued by the messaging app Telegram have been frozen at Russia’s National Settlement Depository (NSD) due to Western sanctions. A Financial Times report suggests this freeze highlights the company’s lingering exposure to Russian capital, despite founder Pavel Durov’s efforts to distance himself from Moscow. The bonds are blocked because […]
US Poised to Lift More Venezuelan Sanctions to Aid Post-Maduro Economy
U.S. Treasury Secretary Scott Bessent has announced that additional sanctions on Venezuela could be lifted as early as next week. This move is part of the Trump administration’s strategy to stabilize the country following the recent capture of former leader Nicolás Maduro by U.S. forces. According to Reuters, The Treasury aims to facilitate oil sales […]
Nayara Energy Sues Microsoft After Cloud Services Cut Over EU Sanctions
Indian refiner Nayara Energy has filed a lawsuit against Microsoft in the Delhi High Court after the tech giant restricted its access to cloud services. The cutoff follows new European Union sanctions targeting entities linked to Russia, prompting Nayara to seek an immediate court order to restore its access. Microsoft abruptly suspended critical services—identified by […]
Surge in ‘Shadow Fleet’ Ships Reflagging to Russia to Dodge US Sanctions
Analysis by Lloyd’s List reveals a sharp increase in illicit “shadow fleet” vessels switching to the Russian registry in an attempt to shield themselves from US seizure. Last year, 40 suspicious ships joined the Russian registry—with 17 doing so in the last month alone—following Donald Trump’s announcement of a “blockade” on Venezuelan oil. Shipowners are […]
Russian Fishing Giant Sues Norway Over Sanctions and Espionage Claims
Vitaly Orlov, the billionaire owner of the Russian fishing company Norebo, has filed a lawsuit against the Norwegian government. The legal action challenges Norway’s decision to ban Norebo vessels from its Exclusive Economic Zone (EEZ) and ports, a move taken after the company was included in the EU’s 17th Sanctions Package in May 2025. Norwegian […]