China’s Hengli Group company shifted most of the ownership of Hengli Petrochemical International to Dalian Changxing International Trade, a firm backed by a local Chinese government...
OFAC said Hengli Petrochemical (Dalian) Refinery, China’s second-largest teapot refinery, has emerged as one of Tehran’s most valued customers, purchasing billions of dollars’ worth of its...
Kwek Kee Seng, who had a USD 5 million bounty on his whereabouts, pleaded guilty to three counts of flouting UN sanctions, one count for receiving...
With sanctions increasingly targeting the maritime industries, Constance Leong and Jessica Cheung detail practical challenges and contractual mechanisms to mitigate legal risks.
UK Treasury’s Office of Financial Sanctions has extended the validity of the general licence covering subsidiaries of Russian oil company Lukoil, operating in Bulgaria.
LSEG data indicated that around 1.4 million mt of Russian crude oil were recorded as bound for Singapore in January, marking the highest monthly total in...
‘Singapore fully implements United Nations Security Council resolutions and does not condone illegal or deceptive activities by shadow fleet vessels,” says Acting Transport Minister.
Transaction does not include the assets in Kazakhstan which will remain to be owned by Lukoil Group and continue their operations under respective license, says company.
OFAC has extended the license that authorises negotiations and entry into contingent contracts with Lukoil for sale of Lukoil International or any of LIG's majority-owned subsidiaries...
The developing situation calls for continued monitoring and heightened due diligence, and should extend to monitoring of flag state records and historical movements to anticipate any...
