Economic Sanctions

Global

Russia’s hottest startup is a state-backed sanctions evasion network

Founded less than two years ago, A7 says it handles nearly 20% of payments in Russian foreign trade, or more than $100 billion annually.

6 min read8 Aug 2026
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News

Cuba rejects latest US sanctions, calls it 'illegal', 'abusive'; Trump says Navy will take Havana on its way from Iran

Cuban Foreign Minister Bruno Rodriguez rejected the recently imposed US sanctions on Friday, terming them ‘illegal’ and ‘abusive’. The development came as Donald Trump ramps up pressure on Havana, months after he imposed an oil blockade.

3 min read2 May 2026
Industry

Indian firms ramp up checks to avoid deals with sanctioned entities

Companies are increasingly hiring law firms and investigative agencies before closing deals to ensure that none of the parties involved, including subsidiaries, parents or suppliers, feature on sanctions lists, according to Kroll, a global financial and risk advisory firm.

3 min read11 Apr 2026
News

Iran, US nuclear talks: What's on table? Potential energy, mining and aircraft deals, says Iranian minister

Iran's foreign ministry deputy director for economic diplomacy, Hamid Ghanbari, reportedly argued that the 2015 nuclear pact with world powers had not secured US economic interests.

2 min read16 Feb 2026
Industry

Sanctioned oil trade is booming in the shadows, to India's and China’s benefit

According to Kpler, a maritime analytics and intelligence firm, the size of the 'shadow fleet' carrying oil under Western sanctions grew from just 97 vessels in 2022 to around 3,313 vessels by the end of 2025, an increase of 3,315%.

4 min read20 Jan 2026
Opinion

Sanctions have become a default tool of hard diplomacy: What this implies for middle powers like India

Strategic autonomy today is not about isolation. It is about room to manoeuvre. India’s measured, interest-driven and quietly adaptive approach offers a realistic model for how middle powers can function in a world of sanctions.

4 min read19 Jan 2026
Opinion

Mint Quick Edit | What can Iran’s street unrest be traced to: US sanctions or its ‘oil curse’?

Iran’s streets have erupted in protests sparked by an inflation crisis led by a currency slide. Both structural and external factors have been at play. Let’s see what its economy’s squeezer-in-chief, the US, does next.

1 min read12 Jan 2026
Global

Citgo is a crown jewel of Venezuela’s oil industry. Elliott is set to reap the benefits.

The hedge fund could soon close its proposed takeover of the refiner—and profit from any bump in oil production from the Latin American country.

5 min read6 Jan 2026
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Videos

Indian Oil Makes FIRST-EVER Colombian Crude Purchase as Sanctions on Russia Reshape Oil Flows

India has made a landmark shift in its crude sourcing strategy, with Indian Oil Corporation purchasing Colombian crude for the first time. The move comes as sanctions on Russian oil tighten supply routes, raise shipping risks, and force Asian buyers to diversify. Analysts say the deal highlights how geopolitics is redrawing global oil flows, pushing India—the world’s third-largest oil consumer—to explore new suppliers beyond Russia and traditional Middle Eastern grades.

2 Jan 2026
Opinion

Mint Quick Edit | Trump’s sanctions are likely to squeeze Russian oil supply: Will it hurt India?

US sanctions on Rosneft and Lukoil aim to choke Russia’s oil revenues and stop the Ukraine War. While this may be fanciful and workarounds might exist, Trump’s move has pushed up uncertainty on multiple fronts for India.

1 min read24 Oct 2025