Free Republic

The US Treasury Department said Tuesday that it’s imposing $1.2 billion in fines on Bank of America for allegedly violating anti-money laundering and sanctions laws. The fines on America’s second-biggest bank amount to the third-largest in the department’s history. “When a bank of this size fails to meet its anti-money laundering and sanctions obligations, the consequences extend far beyond its own walls, exposing the entire U.S. financial system to significant illicit finance risks,” Treasury Secretary Scott Bessent said in a statement. “Today’s actions send a clear message that even the biggest financial institutions are not above the law.” Treasury said...

Yemen-based Ansar Allah, widely known as the Houthis, continues to have a profound impact on global security. The group’s ongoing operations in the Red Sea affected an estimated US $1 trillion worth of maritime cargo between October 2023 and May 2024, and despite periodic kinetic attacks, its operations show no signs of abating. Moreover, evidence suggests the Houthis enjoy the financial and military backing of Russia and China, in addition to their established ties with Iran. This Insight explores the Houthis’ financing mechanisms, including leveraging technology to evade sanctions and the involvement of foreign facilitators with demonstrable and plausible ties...

Administration prepares sweeping sanctions that would cut the court off from much of the global financial system The Trump administration is preparing to impose sweeping sanctions on the International Criminal Court, according to officials, a sharp escalation in Washington’s efforts to dismantle the institution after it issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu.The sanctions would forbid most transactions with the ICC after a grace period of six to seven months, according to documents viewed by The Wall Street Journal and U.S. officials. That could potentially cripple the court by prohibiting it from conducting transactions in U.S. dollars,...

The State Department will impose “further sanctions” on the International Criminal Court in response to its attempts to charge American service members, according to a US official and an internal memo reviewed by The Post. The official said that diplomatic posts were receiving warnings Thursday that “further ICC action” was imminent, while the memo cited longstanding grievances with the US not being a signatory to the court’s founding treaty. “The ICC seeks to become the unaccountable global arbiter – positioning itself above and beyond the nation state as a supranational judicial arm of a globalist bureaucracy empowered to persecute American...

Iranian airlines were forced to cancel some international flights on Wednesday after the U.S. tightened sanctions on Iran’s aviation industry in a new effort to cripple its economy. Georgia and Azerbaijan have officially confirmed suspending flights, and a travel agent in Tehran told AFP that flights to Baghdad, Muscat and Qatar were also halted, though routes to other destinations remained available, including China. U.S. Treasury Secretary Scott Bessent announced the new measures on Monday as part of an earlier threat to impose “economic D-Day” on Iran, an attempt to force it into submission following nearly seven months of war.

North Korea has been found to be dispatching workers to a drone factory in Russia to produce military drones for the country. The Multilateral Sanctions Monitoring Team (MSMT), comprising 11 countries including South Korea, the United States, and Japan, released a report today (September 16) titled "DPRK Sanctions Evasion and Violations of UN Security Council Resolutions: Overseas Labor." The MSMT was launched to fill the gap in monitoring sanctions against North Korea following the dissolution of the UN Security Council Sanctions Committee on North Korea Panel of Experts in 2024, and this marks its third report. According to the report,...

Iran announced Monday it will establish a new “restricted zone” near the Strait of Hormuz within the coming days — as the flailing nation desperately tries to expand its control over the critical chokepoint. The exclusion zone will span from where the US blockade of Iran begins to other areas of the Gulf, Mohsen Rezaei, the secretary of Iran’s Supreme National Security Council, said on Sunday in an interview with state TV. Rezaei said that any ship that sails into the restricted zone will be placed on a sanctions list. “Any ship that enters this area with the intention of...

Iran is facing a potential economic disaster as the besieged Islamic Republic’s fuel reserves have dwindled to a paltry two-month supply, following months of punishing US bombing campaigns and a fresh wave of crippling economic sanctions. The US unleashed a barrage of secondary sanctions in recent weeks to choke off Iran’s supply of cash, restricting the rogue nation’s access to international financing networks and even blockading its oil exports. This is preventing Iran from doing everything from buying goods to securing foreign currency, and even forcing it to import gasoline because its refinery infrastructure has been decimated and there’s no...

Central Intelligence Agency Director John Ratcliffe paid an unannounced visit to Moscow yesterday, spending eight hours in the Russian capital before returning to the US. Though he visited the Kremlin, Vladimir Putin’s spokesman Dmitry Peskov denied that they had met – though Ratcliffe certainly spoke to his counterpart Sergei Naryshkin, head of Russia’s SVR external intelligence service, and other top Russian security officials. The list of topics urgent enough to prompt the first personal visit of a US cabinet-level official to the Kremlin in six months is short. Ratcliffe could have been responding to reports of a planned Russian escalation...

China warned that it would “take all necessary measures” and retaliate against the US if any of its companies are included in the Trump administration’s new secondary sanctions targeting Iran.Companies based in Hong Kong and mainland China were among the entities targeted by the US after Treasury Secretary Scott Bessent announced “Operation Economic Outcast” on Monday to further isolate Iran. The US, however, stopped short of listing large Chinese financial institutions, with Beijing — Iran’s largest oil buyer — warning that it will do whatever it takes to protect its economic interests. *** “China has made clear on many occasions...

The Obama administration's recent lifting of sanctions against Russia's state arms exporter could boost orders for Russian aircraft from a somewhat-unexpected customer: the U.S. military. As part of its effort to equip the militaries of Afghanistan, Iraq and Pakistan, the Pentagon has in recent years been snapping up helicopters and fixed-wing aircraft from the arsenals of its former Cold War rivals, including Russia. The goal is to help the three countries build air forces that are rugged, affordable and easy to operate. Washington sanctioned Rosoboronexport, Russia's state arms dealer, in 2006 for its dealings with Iran, and lifted those restrictions...

MOSCOW, May 27 (Xinhua) -- Russian arms export corporation Rosoboronexport signed a contract with the U.S. Army Forces Command on supplying 21 Mi-17V5 multipurpose helicopters to Afghanistan, a spokesman for the Russian Federal Service of Military-Technical Cooperation said on Friday. The United States and Russia have been in talks for more than a year on the deal to provide the much-needed vehicles for the NATO mission in Afghanistan, RIA Novosti reported. The cost of one helicopter has been agreed earlier at 17.5 million U.S. dollars. The first helicopters will be sent to Afghanistan in October 2011, said the spokesman. Besides,...

Following President Trump's executive order imposing sanctions on the ICC, the Treasury has added the court's prosecutor to its Specially Designated Nationals and Blocked Persons List.

President Donald Trump, during the first day of the NATO Summit in Ankara on Tuesday, said he will consider allowing Turkey to buy American F-35 fighter jets -- despite possessing Russian-made air defense systems, which his first administration sanctioned the country for six years ago. "It's a decision we're going to make," Trump said as he met Turkish President Recep Erdogan at Erdogan's presidential compound. "We have a better relationship with Turkey, and Turkey's been, in many ways, much more loyal than other countries that we think would be loyal," Trump said. "So, it's something, certainly, we would consider. It's...

Cuba's state power operator UNE announced on Monday that the national electrical system had suffered a "total disconnection," plunging the island into darkness amid its worst economic crisis in decades, severe fuel shortages, and daily blackouts averaging 20 hours. Cuba's national power operator announced on Monday that the island's electrical system had suffered a complete collapse, triggering a nationwide blackout as technicians worked to restore service. The state-run company UNE said in a post on X that the National Electric Power System had gone down completely without immediate explanation. "A total disconnection of the National Electric Power System is occurring....

India’s oil imports from Russia are on track to hit a new record in June, as refiners continue to rely heavily on discounted Russian crude after supply disruptions in West Asia caused by the regional conflict. According to preliminary vessel-tracking data from commodity analytics firm Kpler, India imported an average of 2.6 million barrels of Russian oil per day in June so far. That accounts for 53.5% of the country’s total crude imports during the period. For the full month, Russian imports are expected to exceed 2.35 million barrels per day, which would be the highest monthly level ever recorded....

Revolver has spent years exposing lawfare, unjust political prosecutions, like what the Biden regime did to Douglass Mackey, selective justice, and the weaponization of the courts against Americans who find themselves on the “wrong side” of politics. We don’t suddenly stop caring about due process because the defendants are on the left. If prosecutors twist the law, hide evidence, punish free speech, or use the justice system to settle political wars, we’ll happily call it out. But that’s not some free pass to take a violent, armed attack, take out every inconvenient fact, call an ambush a “protest,” and demand...

Well, to be clear, it appears that many of the sanctions have already been lifted, as Iranian oil shipments are flowing out of the Strait of Hormuz. The blockade, it appears, is already over, even before the official signing we expect on Friday. The lifting of sanctions on oil-related exports appears to be point #10 in the leaked but unconfirmed Memorandum of Understanding. 🚨 The Iranian television is broadcasting from the Strait of Hormuz. and claims: At least 3 oil tankers carrying 5 million barrels of crude oil have passed through the Strait of Hormuz in recent hours. pic.twitter.com/13txRGNFEv— Raylan...

A sanctioned Russian LNG tanker from the Portovaya project idled near Singapore in May 2026 with no buyer. At the same time, Ukrainian drones had already knocked roughly 700,000 barrels per day of Russian refining capacity offline across 16 major facilities. Europe had locked in a binding legal phase-out of Russian gas. And just four months earlier, U.S. forces had captured Nicolás Maduro in Venezuela.

France taking a leading role in applying Ukraine War pressure on Russia with another seizure of an oil tanker. The tanker "Tagor" taken in the Atlantic Ocean last Sunday more than 700 kilometers (435 miles) off the coast of Brittany. France and other European countries have seized 'shadow fleet' merchant vessels... In what could be called 'economic warfare' French authorities fining Chinese low-cost clothing maker Shein 22 million euros (25.342 million dollars). The fine linked to difficulty for buyers to return clothing and questions over materials used by Shein to make clothing... France's national counterterrorism prosecutor's office (PNAT) probing Israeli...