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Sweden Becomes Latest To Suspend Tax Treaty With Russia

By Jack McLoone

Sweden's government followed through on its plan to suspend its treaty to avoid double taxation with Russia on Thursday, joining a growing number of countries that have done so following Russia's cessation to parts of its treaties with numerous countries at the end of 2023.

Ukrainian Duo Get 15 Years In $25M Tax Fraud Case

By Natalie Olivo

A Florida federal judge sentenced two Ukrainian men to 15 years in prison after they pled guilty to laundering money from a hotel staffing scheme that the U.S. government said cost it $25 million in taxes.

Trump Wields Trade Threats To Stifle Russia-Ukraine War

By Alex Lawson

President Donald Trump vowed to hit Russia with "high levels" of sanctions, tariffs and other economic penalties if it does not abandon its nearly three-year military campaign against Ukraine.

Army Can Sole-Source $990M 'Critical Support' Deal

By Daniel Wilson

The U.S. Government Accountability Office has rejected a protest over a sole-source $990 million U.S. Army loitering munitions contract, saying the Army properly used temporary authority meant to provide critical support for Ukraine, Taiwan and Israel to award the deal.

Fla. Condos Tied To Sanctioned Russians Transferred To Feds

By David Minsky

The U.S. government has taken ownership of two Florida luxury condominiums allegedly tied to Russians sanctioned for their roles in the annexation of the Ukrainian region of Crimea in 2014 and for their involvement in the properties being used to launder rental proceeds.

Broker Launches Ukraine Property War Risk Reinsurance

By Joel Poultney

McGill and Partners said Thursday it has launched what it calls the first-of-its-kind war risk reinsurance facility for commercial property in Ukraine to improve understanding and underwriting of risks to assets in the region.


Expert Analysis

What Insurers Need To Know About OFAC's Expanded FAQs

The Office of Foreign Assets Control's recently expanded insurance FAQs clarify how OFAC views insurance policies in a number of specific circumstances involving sanctioned parties, and make plain that sanctions compliance is the responsibility of all participants in the insurance ecosystem, including underwriters, brokers and agents, say attorneys at Morgan Lewis.

How Trump's 2nd Term May Alter The Immigration Landscape

Rhetoric from Donald Trump's campaign and his choice of hardline appointees indicate that a more restrictive and punitive approach to immigration is in our immediate future, especially in areas like humanitarian relief, nonimmigrant visa processing, and travel and green card eligibility, says John Quill at Mintz.

Managing Sanctions Defense Across Multiple Jurisdictions

Companies called before multiple regulators to account for the same conduct in this era of increased global sanctions and import-control enforcement should consider national differences in law and policy, and proactively coordinate their responses in certain key areas, say attorneys at Baker McKenzie.

MORE COVERAGE

December 11, 2024 08:09 PM

DOD Monitors Ukraine Military Aid Better, Watchdog Says

December 6, 2024 08:49 PM

US Ukrainian Group Wants FCC SpaceX Approvals Halted

November 15, 2024 09:47 PM

Defense Policy Outlook Under The New Trump Administration

November 12, 2024 10:45 PM

Trump Gathers Nat'l Security Team For Border, Defense Roles

November 8, 2024 01:32 PM

8 EU Countries Call For Increased Russian Import Duties

October 22, 2024 08:41 AM

UK To Loan Ukraine £2.3B Backed By Frozen Russian Assets

October 17, 2024 03:05 PM

UK Issues Largest Sanction Ever Against Putin 'Shadow Fleet'

October 16, 2024 04:22 PM

This CLO Works To Impose Limits On the Inhumanity Of War

October 1, 2024 01:17 PM

Insurers Set For Mega-Trial Over 'Lost' Planes Stuck In Russia

September 9, 2024 10:38 AM

Aon, Marsh Want Ukraine Reinsurance Exclusions Lifted

August 28, 2024 06:56 PM

Russia Seeks Pause On $5B Naftogaz Award Suit

August 23, 2024 07:38 PM

Biden White House Unleashes More Sanctions On Russia

August 12, 2024 10:19 PM

Suspect In Smuggling For 'Putin's War Machine' Extradited To US

August 5, 2024 08:47 PM

Insurers Can't Escape Coverage For Russian-Seized Aircraft

July 26, 2024 08:20 AM

EU Frees Up €1.5B Of Frozen Russian Assets To Aid Ukraine

July 24, 2024 10:16 AM

UK Insurer Warns Over Collisions With Russian 'Shadow Fleet'

July 17, 2024 07:13 PM

Watchdog Says Army Didn't Properly Review Ukraine Invoices

July 2, 2024 06:42 PM

House Dems Urge More F-16 Training For Ukrainian Pilots

June 28, 2024 08:01 PM

House Passes Contentious $833B Defense Spending Bill

June 26, 2024 06:00 PM

Russian Charged With Ukrainian Cyberattack Before Invasion
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