In an unexpected twist of market dynamics, the launch of the iPhone 16 in Russia has led to prices significantly higher than those in the United States. This rise in pricing is largely attributed to international sanctions imposed on Russia following its invasion of Ukraine, which has drastically affected the availability of Western technology in […]
OFAC Updates Russia General License for Telecoms, Issues Alert on Sanction Evasion
The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) has amended its Russia General License (GL) 25E, which plays a vital role in facilitating essential telecommunications transactions with Russia. This revision is significant for businesses focused on internet services, as it includes various platforms such as instant messaging, social networking, and e-learning. […]