U.S. Treasury Department
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Legal issues
Feds fine Amazon for selling to sanctioned countries
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
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News
Trying to make sense of the YRC bailout
YRC’s $700 million loan from the Treasury Department raises concerns from industry experts about the survival of the company and whether the deal is worth…
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Finance
Women-owned trucking gets more access to new $320 billion PPP
Trump signs bill carving out $60 billion in loans specifically for smaller community-based lenders.
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Finance
Transportation companies receive $10.6 billion in emergency cash
Sector makes up 3% of $342 billion worth of COVID-19 payroll protection loans.
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American Shipper
US tightens sanctions lasso on Rosneft operations handling Venezuelan oil
The Office of Foreign Assets Control added Russian oil company overseas affiliate TNK Trading International in Switzerland to the Specially Designated Nationals and Blocked Persons…
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Air Cargo
Airline systems firm pays $7.8 million for US sanction violations
SITA committed 9,256 violations of the Global Terrorism Sanctions Regulations between 2013 and 2018 by providing services from and transiting through the U.S. to blacklisted…
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American Shipper
Senators urge trade sanctions for Russian election interference
Democratic Senators Charles Schumer and Sharrod Brown say sanctions should target not only the responsible Russian government agencies and officials, but President Vladimir Putin.
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American Shipper
US tightens sanctions lid on Russian oil shipper Rosneft
The Office of Foreign Assets Control has added the Swiss-based oil brokerage arm of Rosneft Trading to the SDN List for its recent arrangements to…
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American Shipper
OFAC publishes delisting of Turkish officials from SDN List
President Trump directed the removal of sanctions against the Turkish defense and energy ministries on Oct. 23.
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Air Cargo
US imposes sanctions on Venezuelan airline
The Office of Foreign Assets Control added CONVIASA and its aircraft fleet to the Specially Designated Nationals and Blocked Persons List for supporting Maduro regime.
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