Venezuela is preparing for the return of U.S. sanctions, with Maduro now attempting to repair relations with Iran.
Politics, Geopolitics & Conflict Offshore Yemen, in the Red Sea shipping lane, it was status quo this week, with the Houthis launching a close-range ballistic missile targeting the USS Laboon, but missing the mark, while U.S. and allied forces continued to strike Houthi targets. At the same time, reports emerged of backdoor talks between Washington and Tehran, during which the former appealed to the latter to step in and convince the Houthis to cease and desist.
In Ukraine, Kyiv launched a series of damaging drone strikes on Russian refineries, taking products offline in the ensuing fires. Ukraine also fired more than half a dozen missiles at Russia’s Belgorod border region, killing at least two people, and attempting cross-border raids that the Russians claim have been wildly unsuccessful and deadly for the Ukrainian side.
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The U.S. Is Ready to Reimpose Sanctions on VenezuelaWith Maduro having banned the only opposition candidate in the country's upcoming election, U.S. sanctions on Venezuela are set to return.
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Making my daughter headgear braces permanentSo my daughter is now 16 (17 in june) and started wearing braces 6 months ago. Two month ago she got headgear to wear
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Russian Oil Giant Rosneft Reports 50% Jump in Profits Despite SanctionsRussian state-run oil company Rosneft has reported a nearly 50% jump in net profits for 2023, hitting over $14 billion despite Western sanctions following Russia’s 2022 invasion of Ukraine. Rosneft’s 2023 net profit surged by 47.2% to 1.3 trillion rubles. Earnings before EBITDA jumped 17.8% to 3 trillion rubles, with revenues up 1.3%. Last week, attention was centered on Germany’s decision on the fate of a Rosneft refinery in the country. Berlin is considering nationalizing the refinery, which could risk supply cuts and end up costing Germany a major payout to Moscow.
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India Shies Away From Contracted Russian Oil Supply Amid Stricter U.S. SanctionsAs the U.S. doubles down on Russian sanctions, India's state-owned refiners are increasingly cautious about committing to contracted supplies of Russian crude.
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Art Collector and Financier Smuggles Money for Hizbullah Despite SanctionsAn art collector and financier, who owns work by Andy Warhol and Pablo Picasso, has been under American sanctions since 2019. That may sound like a problem, but it has not stopped him from smuggling half a billion or so dollars for Hizbullah, a Lebanese militant group, according to America’s Treasury.
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