China Sanctions U.S. Defense Industry Tycoons

China announced sanctions against CEOs of two major U.S. defense contractors Friday for their role in an arms package the State Department approved for Taiwan on Sept. 2.

Chinese foreign ministry spokesperson Mao Ning said the sanctions against Raytheon CEO Gregory J. Hayes and Boeing Defense CEO Ted Colbert will “defend China’s sovereignty and security interests” against U.S. “military contact” with Taiwan. The Biden administration notified Congress of its intent to transfer $1.1 billion worth of military equipment to Taiwan earlier this month, including 60 anti-ship missiles Boeing Defense agreed to produce and 100 air-to-air missilescontracted with Raytheon.

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Kari Lake and Mark Finchem Denounce Maricopa County Supervisor’s Motion for Sanctions over Election Integrity Lawsuit

Trump-endorsed Arizona gubernatorial candidate Kari Lake filed a lawsuit along with Trump-endorsed State Rep. Mark Finchem (R-Oro Valley), who is running for Arizona Secretary of State, in April to block the use of electronic voting machines to count ballots in the 2022 election. The Maricopa County Supervisors responded last week with a motion requesting sanctions against the pair and their attorneys, which include former Harvard Law School Professor Alan Dershowitz, asserting that the suit was “frivolous.” 

Finchem tweeted, “The threatened action by the Maricopa County Board of Supervisors, is nothing more than the attempted weaponization of the judicial process against the political process. If they can’t stand up to scrutiny for elections, that’s their problem — not our problem. Elections must be secure and trustworthy, Maricopa County has demonstrated neither is the case in the last election. “

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Tennessee Representatives ‘Proud’ and ‘Honored’ by Russian Sanctions Against Them

Eight of Tennessee’s nine members of the House of Representatives were sanctioned by Russia on Wednesday in response to the U.S. sanctioning members of the Russian Duma earlier this year.

In total, 398 members of Congress were listed in the release from Russia; however, some lawmakers were not included because the country took action against them previously.

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Biden Expected to Sign First Executive Order Regulating Cryptocurrency

Joe Biden is set to sign an executive order that will begin the process of regulating the trading of cryptocurrency, as crypto becomes a viable alternative for Russians seeking to avoid the impact of economic sanctions.

According to ABC News, at least two anonymous Biden Administration officials said that the order will be issued this week, and has allegedly been in the planning stage since before the Russian invasion of Ukraine in late February. The order will outline the various steps that government agencies, including the Treasury Department, are to take to begin the process of imposing regulations on the buying and selling of digital currencies.

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Russian’s Financial Markets Remain Closed, as Punitive Ukraine Sanctions Go into Effect

Russia’s financial markets remain closed Wednesday for the third day in a row as the country’s economy continues to take massive hits caused by Ukraine-related sanctions from Western countries.

The closure of the Russian exchanges is the longest since since 1998, according to Bloomberg News.

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Tennessee Senators Hagerty and Blackburn Join Colleagues in Calling on President Biden to Enforce Sanctions on Iranian Oil Tankers

Tennessee Senators Bill Hagerty (R-TN) and Marsha Blackburn (R-TN) joined eight colleagues in sending a letter to President Joe Biden demanding that he enforce mandatory sanctions against the growing fleet of oil tankers selling Iranian oil and against the entities purchasing this oil.

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Congressman Mark Green Urges Diplomatic Solution to Ukraine-Russia Conflict, Issues Stark Warning to Putin

Congressman Mark Green, who traveled to Ukraine with other members of Congress, urged a diplomatic resolution to the Russia-Ukraine conflict that has included Russia threatening an invasion.

While speaking at a meeting in Kyiv, the Tennessee lawmaker issued a stark warning to Russian President Vladimir Putin, if he opts to engage in military action.

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Representative Mark Green Introduces Bill to Sanction Russia

Representative Mark Green (R-TN-07) introduced a bill Wednesday to sanction Russia for their invasion of the Donbas region of Ukraine.

If enacted, the Restraining Russian Imperialism Act would instruct the Biden administration to impose sanctions if Russia does not completely withdraw from the region within a year.

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Joe Biden Reportedly Will Keep Trump’s Sanctions on Chinese Tech Threats

President Joe Biden will reportedly keep a rule proposed by the previous administration that would allow government officials to stop some Chinese technology transactions, The Wall Street Journal reported Friday.

Biden will allow the Commerce Department to impose the rule even as his administration continues its broad review of former President Donald Trump’s outstanding executive orders related to China, people familiar with the matter told The Wall Street Journal.

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US Sanctions Chinese Officials Over Repression of Minorities

The United States on Thursday imposed sanctions on three senior officials of the Chinese Communist Party, including a member of the ruling Politburo, for alleged human rights abuses targeting ethnic and religious minorities that China has detained in the western part of the country.

The decision to bar these senior officials from entering the U.S. is the latest of a series of actions the Trump administration has taken against China as relations deteriorate over the coronavirus pandemic, human rights, Hong Kong and trade. Just a day earlier, the administration had announced visa bans against officials deemed responsible for barring foreigners’ access to Tibet. Thursday’s step, however, hits a more senior level of leadership and is likely to draw a harsh response from Beijing.

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Trump Orders Policy U-Turn on North Korea-Related Sanctions

by Evie Fordham   President Donald Trump announced on Twitter Friday he was reversing course on new sanctions on Chinese companies doing business with North Korea. “It was announced today by the U.S. Treasury that additional large scale Sanctions would be added to those already existing Sanctions on North Korea,”…

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US Imposes Sanctions on Venezuelan Officials for Blocking Aid

The United States increased its pressure on Venezuela Friday, imposing sanctions on six high-ranking security officials as well as revoking the visas of dozens of other high officials. The Trump administration said the sanctions were a response to Venezuelan military officials, who last weekend blocked an opposition-backed effort to bring…

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China Demands US Cancel Military Sanctions Or ‘Bear The Consequences’

by Will Racke   China responded Friday to new U.S. sanctions against its military, demanding Washington withdraw the penalties or face retaliatory measures. Beijing’s response came a day after the Trump administration imposed sanctions on China’s arms procurement agency for buying Russian-made fighter jets and missile systems, in violation of a…

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