Policy & Legal Updates
US Senators Demand Sanctions Enforcement on China and UAE Trade Intermediaries
US Senators Jeanne Shaheen and Roger Wicker sent a letter urging the Trump administration to execute new sanctions ahead of an October 18 deadline. The lawmakers called for crackdowns on Russian oil trading intermediaries in Dubai and Hong Kong, as well as transit networks in China and the UAE. They also urged the Treasury Department to target illicit banking channels, specifically naming overseas branches including VTB Bank in Shanghai.
