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8/7/23

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Hello Monday! It’s August 7, and we’re tracking the top stories to start your week: Armenia funnels U.S. cars to Russia, a global web of Chinese propaganda leads to U.S. tech mogul, cartels cashing in big time at the border, feds dig into crypto markets to nab fentanyl traffickers, and much more...

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🎯 Armenia funnels U.S. cars to Russia in blatant sanctions evasion scheme. Unprecedented sanctions levied on Moscow have created a business opportunity for used car dealers like 31-year-old Yaroslav Kolchenko, who sips a coffee in the sun near the queue. AFP

 

Top Stories

 

🌎 A Global Web of Chinese Propaganda Leads to a U.S. Tech Mogul. Behold a financial network that stretches from Chicago to Shanghai and uses American nonprofits to push Chinese talking points worldwide. NY Times

 

🌎 Cartels Cashing In Big Time on Biden's Border Woes. The cartels have taken advantage of desperate migrants, increasing fees during their perilous journeys and forcing them to traffic drugs. Fox News

 

🌎 To catch fentanyl traffickers, feds dig into crypto markets. While US diplomats have made fentanyl a point of emphasis in high-level talks with Mexico and China, a multi-agency effort is underway to keep pace with the rapidly changing nature of how fentanyl is trafficked into the US. CNN

 

🌎 Biden order curbing investment to China expected this week. The goal of the order is to prevent U.S. capital and expertise from accelerating the development of technologies that support China's military and threaten U.S. national security. CNBC

 

🌎 Upstart Traders of Russian Oil Had Connections in Common. As fallout from the Ukraine war upended global energy markets, one of the biggest mysteries has surrounded the pack of upstart traders that stepped in to handle Russian oil as western firms pulled back. Bloomberg

 

🌎 The West Sanctioned Russia’s Billionaires. Now They’re Fighting Back. While high-profile oligarchs are pushing back on their sanctions in European courts, so far they haven’t challenged their U.S. sanctions β€œfor the simple reason that they don’t think they are going to win.” WSJ

 

🌎 JPMorgan stops processing Russia grain payments. The Russian Agricultural Bank, or Rosselkhozbank, was cut off from the SWIFT international payments system by the European Union last year following Russia's invasion of Ukraine. Politico

 

🌎 Iraq seeks Interpol alerts for former officials over $2.5 billion graft. Prime Minister Mohammed Shia al-Sudani has said one of his priorities is fighting the rampant corruption that pervades the Iraqi state. Reuters

 

🌎 The FBI is investigating a multiple-state hospital ransomware attack. The attack, which began last Thursday, shut down emergency rooms and primary care services in several states. The Verge

 

🌎 Serbia Disregards US Sanctions on Bosnian Serbs. Serbian President Aleksandar Vucic said the sanctioned ethnic Serb officials from neighboring Bosnia will still be welcome in Serbia. AP

 

🌎 Putin Bars 'Unfriendly' Foreigners from Russian Firms. Under the law, the rights of foreign investors from unfriendly countries – those that have imposed sanctions on Russia over its war in Ukraine – could be suspended, and their shares distributed among Russian owners. Reuters

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IN THE NEWS

Russia

 

πŸ‡·πŸ‡Ί Niger's Junta Seeks Help from Russia's Wagner Group AP

 

πŸ‡·πŸ‡Ί Putin-Linked Superyacht Refitted in Italy Fortune

 

πŸ‡·πŸ‡Ί Russia Expects $11B Energy Boost Amid Embargos Oil Price

 

πŸ‡·πŸ‡Ί UK Tracks Oligarch Spending; Assets at Risk Guardian

China

 

πŸ‡¨πŸ‡³ Chinese Officials Under Intense Scrutiny, Dropping Like Flies Daily Beast

 

πŸ‡¨πŸ‡³ Huawei Ban May Cost German Rail €400M Reuters

 

πŸ‡¨πŸ‡³ U.S.-China Strain Threatens 44-Year Science Pact Axios

 

πŸ‡¨πŸ‡³ TikTok Prepares for EU Digital Services Act Reuters

Corruption & Financial Crime

 

πŸ’₯ $9.3M Heist: Diamond Birkin Bag and Jewels Stolen in Spain NY Post

 

πŸ’₯ Ex-PM Imran Khan Arrested on Corruption Charges AP

 

πŸ’₯ Thieves Target Nike Air Jordans Cargo Insider

 

πŸ’₯ Drahi Faces Investors Amid Graft Allegations AFP

Crypto & Cyber

 

πŸ” $61M Curve Hack: Thief Begins Asset Return CoinDesk

 

πŸ” Revolut Halts U.S. Crypto Operations Amid Regulation CoinDesk

 

πŸ” Lifelong Profits from Phishing: A Warning Krebs on Security

 

πŸ” FBI Cautions Against "Drainer Smart Contracts" Ars Technica

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