The US in action: The Office of Foreign Assets Control (OFAC) has issued a record $216 million fine to American venture fund GVA Capital for managing assets belonging to sanctioned Russian national Suleiman Kerimov through his nephew, Nariman Gadzhiev. Meanwhile, the Department of Justice has arrested Russian crypto entrepreneur Yuriy Gugnin for laundering over $500 million. He faces up to 30 years in prison on 22 counts.
Across the Atlantic, the European Commission has unveiled its 18th sanctions package: a full ban on transactions involving Nord Stream 1 and 2, a $45-per-barrel price cap on Russian oil, an embargo on fuel oil and diesel, and 121 new sanctioned entities (77 tankers, 22 banks, and 22 companies from Russia, China, and Belarus). The package will be discussed by G7 leaders at the upcoming summit in Canada.
Meanwhile in Canada, the Royal Canadian Mounted Police (RCMP) have arrested 43-year-old Russian national Anton Trofimov, whose company, Asia Pacific Links Ltd, allegedly supplied drone components to Russia. This marks the first criminal case in Canada for violating sanctions against Russia.
