#economic-sanctions

#economic-sanctions

Secondary sanctions go a step further and extend to third-party countries, companies or individuals that do business with sanctioned parties. Even though these third-party entities aren't directly bound by the sanctioning country's laws, they are pressured to comply or face consequences should they do business in the sanctioning country.

Trump stated, "India has always bought a vast majority of their military equipment from Russia, and are Russia's largest buyer of ENERGY, along with China." He criticized India's tariffs as "among the highest in the World." This decision is partly to punish India for its economic ties with Russia amid the ongoing war in Ukraine.

Broad economic sanctions, primarily from the U.S., are estimated to kill approximately 564,000 people annually, predominantly children, reflecting a shift in how conflicts are waged.

Since its full-scale invasion of Ukraine in 2022, Russia has confiscated nearly 3.9 trillion rubles, equivalent to approximately $50 billion, from 102 private assets.

Donald Trump signed a memorandum aimed at strengthening U.S. policy toward Cuba, indicating intentions to limit tourism, foreign investment, and reinforce the economic embargo against the island.

"Americans lose billions of dollars annually to these cyber scams, with revenues generated from these crimes rising to record levels in 2024," reads a statement from the U.S. Department of the Treasury.

The EU and UK are advocating for a lower oil price cap on Russian crude to reduce Moscow's revenue from oil sales, currently set at $60.

The designation of Haiti's armed gangs as a terrorist group by the Trump administration is expected to exacerbate the country's ongoing humanitarian crisis.

The US is ready to sign the minerals deal with Ukraine, but last-minute changes by Ukrainians have injected uncertainty into the timing, according to US treasury secretary Scott Bessent.