In total, EU sanctions now apply to 93 individuals and 18 entities in the Southeast Asian country. Myanmar has been in turmoil since the coup, with the resistance movement fighting the military on multiple fronts after a bloody crackdown on opponents that saw Western sanctions reimposed. The UN High Commissioner for Human Rights said in […]
Detroit? No. Germany? No. Elon Musk sees the toughest competition for Tesla in China, the company he expects is “most likely to be second” in electric vehicles. China is Tesla Inc’s second largest market – accounting for nearly two-thirds of all electric vehicle sales globally in 2022 – and home to Tesla’s largest plant. It […]
Breaking sanctions on Russia is already a criminal offense in some EU countries, but in other countries it is considered an administrative offense and penalties vary across the bloc. “There are still too many gaps between member states when it comes to punishment for breaches of EU sanctions,” Justice Commissioner Didier Reynders said in a […]
If a company fails to export the goods, the liability for the goods imported by using a back-to-back LC falls on the bank. The bank then creates an extortionate loan against the customer. The dues of Sharp Niting and Blithe Fashions are Taka 165.72 billion The companies availed back-to-back LCs from SIBL’s Head Office at […]
