Ben Perkins, Assistant Editor, is a reporter with International Trade Today and its sister publications, Trade Law Daily and Export Compliance Daily, where he covers sanctions, court rulings, and other international trade issues. He previously worked as a trade analyst for a Washington D.C. advisory firm. Ben holds a B.A. in English from the University of New Hampshire and an M.A. in International Relations from American University. Ben joined the staff of Warren Communications News in 2022.
Biography for Ben PerkinsRecent Articles by Ben PerkinsThe U.S. this week expanded sanctions against Wagner Group and designated people, entities and aircraft linked to the Russian private military company. The designations will "degrade the Russian Federation’s capacity to wage war against Ukraine," the Office of Foreign Assets Control said in a Jan. 26 news release, and target infrastructure that "supports battlefield operations in Ukraine," including weapons producers and administrators of Russian-occupied areas.Read More >>
The Office of Foreign Assets Control this week announced what it said are "historic steps" to implement new humantiarian-related authrotizations across its sanctions programs in an effort to better allow the flow of aid to sanctioned countries. The move builds on a U.N. Security Council decision earlier this month that established a humanitarian carve-out across sanctions regimes, allowing nongovernmental organizations, banks and others a general license for certain aid-related transactions involving sanctioned jurisdictions (see 2212120054). Treasury said the U.S. is "the first country in the world" to implement the U.N. carveout in its own borders.Read More >>
The G-7, the EU and Australia officially set a price cap on Russian oil Dec. 5, imposing certain service and shipping restrictions on oil originating in Russia and trading above $60 per barrel. The cap comes into force after months of discussions between the nations, including the announcement of a future cap by the countries in September (see 2209020033), and aims to restrict revenue to Russia as it continues its war in Ukraine.Read More >>
The Treasury Department fined U.S. crypto exchange Kraken $362,158.70 for violating U.S. sanctions against Iran, the agency said this week. Treasury’s Office of Foreign Assets Control said Kraken, also known as Payward, exported services to users who “appeared to be” in Iran and allows them to conduct virtual currency transactions on Kraken’s platform. The violations stemmed from Kraken’s "failure to timely implement appropriate geolocation tools, including an automated [internet protocol] address blocking system," OFAC said.Read More >>
The U.S. will allow Chevron to resume certain oil activities in Venezuela, giving the California-based energy company a “limited” license to pump oil in the sanctioned country for the first time in years. The license, which the White House believes will have a minimal impact on Venezuela's oil shipments, was issued in an effort to support the newly restarted negotiations between President Nicolas Maduro’s regime and the country’s opposition party, the Treasury Department said. It also comes amid opposition from U.S. Republicans, who warned the administration that a license would only offer the Maduro regime sanctions relief and undermine prospects for the return of democracy to Venezuela (see 2211020032, 2210280032 and 2210060014).Read More >>
The U.S. this week expanded sanctions against Wagner Group and designated people, entities and aircraft linked to the Russian private military company. The designations will "degrade the Russian Federation’s capacity to wage war against Ukraine," the Office of Foreign Assets Control said in a Jan. 26 news release, and target infrastructure that "supports battlefield operations in Ukraine," including weapons producers and administrators of Russian-occupied areas.Read More >>
The Office of Foreign Assets Control this week announced what it said are "historic steps" to implement new humantiarian-related authrotizations across its sanctions programs in an effort to better allow the flow of aid to sanctioned countries. The move builds on a U.N. Security Council decision earlier this month that established a humanitarian carve-out across sanctions regimes, allowing nongovernmental organizations, banks and others a general license for certain aid-related transactions involving sanctioned jurisdictions (see 2212120054). Treasury said the U.S. is "the first country in the world" to implement the U.N. carveout in its own borders.Read More >>
The G-7, the EU and Australia officially set a price cap on Russian oil Dec. 5, imposing certain service and shipping restrictions on oil originating in Russia and trading above $60 per barrel. The cap comes into force after months of discussions between the nations, including the announcement of a future cap by the countries in September (see 2209020033), and aims to restrict revenue to Russia as it continues its war in Ukraine.Read More >>
The Treasury Department fined U.S. crypto exchange Kraken $362,158.70 for violating U.S. sanctions against Iran, the agency said this week. Treasury’s Office of Foreign Assets Control said Kraken, also known as Payward, exported services to users who “appeared to be” in Iran and allows them to conduct virtual currency transactions on Kraken’s platform. The violations stemmed from Kraken’s "failure to timely implement appropriate geolocation tools, including an automated [internet protocol] address blocking system," OFAC said.Read More >>
The U.S. will allow Chevron to resume certain oil activities in Venezuela, giving the California-based energy company a “limited” license to pump oil in the sanctioned country for the first time in years. The license, which the White House believes will have a minimal impact on Venezuela's oil shipments, was issued in an effort to support the newly restarted negotiations between President Nicolas Maduro’s regime and the country’s opposition party, the Treasury Department said. It also comes amid opposition from U.S. Republicans, who warned the administration that a license would only offer the Maduro regime sanctions relief and undermine prospects for the return of democracy to Venezuela (see 2211020032, 2210280032 and 2210060014).Read More >>