US Sanctions

The United States on Tuesday imposed sanctions on 35 entities and vessels, including two from India, for transporting Iranian oil to other countries. The two India-based entities are Vision Ship Management LLP that manages and operates the PHONIX, and Tightship Shipping Management (OPC) Private Limited. Entities and vessels from the United Arab Emirates, China, Liberia, China, Hong Kong among others have also been slapped with sanctions. In a statement, the Department of Treasury said this action imposes additional costs on Iran's petroleum sector following Iran's attack against Israel on October 1, as well as Iran's announced nuclear escalations, building upon the sanctions issued on October 11. Petroleum revenues provide the Iranian regime with the resources to fund its nuclear program, develop advanced drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies, it said. Acting Under Secretary for Terrorism and ..

US plans to blacklist 200 Chinese firms, including Huawei partners, in the latest export curbs targeting chip equipment suppliers

The Biden administration had previously decided not to levy sanctions against the bank for fear of roiling global energy markets

Indian Americans are working to reach out to the new Trump administration and the Congress next year to seek action against the Bangladeshi regime, including imposing economic sanctions, an influential community leader has said. Encouraged by the recent statement of President-elect Donald Trump on Bangladesh, Dr Bharat Barai, an Indian American physician, exuded confidence that Trump would act against the South Asian nation over the persecution of the Hindu minority after he is sworn in as the 47th president of the United States. He (Trump) has made a bold statement about the persecution of Bangladeshi Hindus and the desecration of Hindu temples, Barai told PTI in an interview. "He's a bold person who might consider economic sanctions if the situation doesn't improve," he added. In Washington to attend the annual Diwali celebrations at the US Capitol, which was attended by over two dozen US lawmakers and Indian Americans from across the country, Barai said community members are ...

According to Sitharaman, she has the responsibility to protect existing domestic companies producing goods locally, while balancing the needs of those dependent on imports

Forum director emphasises 'big potential' of rupee-rouble trade between both nations

India needs to carefully navigate the US sanctions imposed on certain Indian entities to protect their business interests and can engage diplomatically with America and other international bodies to seek remedies, think tank GTRI said on Friday. To prevent future sanctions, India may plan to tighten export controls, offer clearer business guidelines, and ensure stricter compliance, it said. On October 30, the US State Department and the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on nearly 400 entities and individuals, including 19 Indian companies and two individuals, for allegedly supporting Russia's military activities in Ukraine. Then, on November 1, the US Department of Commerce added five Indian companies to its entity list for acquiring and redirecting US-made goods to Russia's defence sector, it said. "While unilateral sanctions imposed by the US are controversial under international law, the practical reality is that countries like India must navig

Moscow sent 96 drones and a guided air missile into Ukraine overnight into Sunday, Ukrainian officials said. According to Ukraine's Air Force, 66 drones were destroyed during the overnight barrage, along with the missile. A further 27 drones were lost over various areas, it said, likely having been electronically jammed, while one drone flew into Belarusian airspace. No casualties were reported. Ukrainian President Volodymyr Zelenskyy said Sunday that Russia had launched around 900 guided aerial bombs, 500 drones and 30 missiles against Ukraine over the past week. Zelenskyy appealed Sunday on X to Ukraine's allies to provide long-range capabilities for our security, saying that these attacks would have been impossible if we had sufficient support from the world". Kyiv is still awaiting word from its Western partners on its repeated requests to use the long-range weapons they provide to hit targets on Russian soil, including for preemptive Ukrainian strikes on camps where North Korea

In the wake of the US imposing sanctions on several individuals and entities, including from India, for allegedly supporting Russia's military-industrial base, the MEA Saturday said New Delhi is in touch with Washington to clarify issues. MEA spokesperson Randhir Jaiswal, in response to a query during his weekly briefing, also said India has a "robust legal and regulatory framework" on strategic trade and non-proliferation controls. "We are also a member of three key multilateral non-proliferation export control regimes," he added. "In keeping with India's established non-proliferation credentials, we are working with all relevant departments and agencies to sensitise Indian companies on applicable export control provisions as also inform them on new measures being implemented that could impact Indian companies in certain circumstances," Jaiswal said. The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's ...

The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base. Companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment that it desperately needs to support its war machine, the Department of Treasury said in a statement on Thursday. In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said. The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine, Deputy Secretary of the Treasury Wally Adeyemo said. As evidenced by today's action, we are unyielding in our resolve to diminish and degrade Russia's ability t

The sanctions also targeted more than two dozen Hong Kong-based entities for shipping components and microelectronics for use in Russia's defense industry

But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India's burgeoning role

An Indian shipping firm is among the dozen-odd companies sanctioned by the US for allegedly carrying Iranian oil for sale to buyers in Asia days after slapping restrictions targetting Iran's energy trade for its October 1 attack on Israel. Gabbaro Ship Services, the India-based company, was involved in the transport of Iranian petroleum as the technical manager of crude oil tanker Hornet and knowingly engaged in a significant transaction for the transport of petroleum from Iran as part of a 'Ghost Fleet', the State Department alleged. The latest American sanctions against several companies across the world comes in response to Iran's October 1 ballistic missile attack against Israel. This attack targeted Israel's most populated city, Tel Aviv, and could have killed hundreds if not thousands of innocent people, US National Security Advisor Jake Sullivan said. Following that attack, the US had made it clear that Iran would face severe consequences, he said, and added, the Departments

Waves of sanctions imposed by the Biden administration after Russia's invasion of Ukraine haven't inflicted the devastating blow to Moscow's economy that some had expected. In a new report, two researchers are offering reasons why. Oleg Itskhoki of Harvard University and Elina Ribakova of the Peterson Institute for International Economics argue that the sanctions should have been imposed more forcefully immediately after the invasion rather than in a piecemeal manner. In retrospect, it is evident that there was no reason not to have imposed all possible decisive measures against Russia from the outset once Russia launched the full scale invasion in February 2022, the authors state in the paper. Still, the critical takeaway is that sanctions are not a silver bullet, Ribakova said on a call with reporters this week, to preview the study. The researchers say Russia was able to brace for the financial penalties because of the lessons learned from sanctions imposed in 2014 after it inva

During their discussion, both leaders reiterated the sanctions imposed by the Western countries' violated UN Security Council resolutions

The US State Department announced new sanctions on Russian state media Friday, accusing a Kremlin news outlet of working hand-in-hand with the Russian military and running fundraising campaigns to pay for sniper rifles, body armour and other equipment for soldiers fighting in Ukraine. While the outlet, RT, has previously been sanctioned for its work to spread Kremlin propaganda and disinformation, the allegations announced Friday suggest its role goes far beyond influence operations. Instead, Secretary of State Antony Blinken said, RT is a key part of Russia's war machine and its efforts to undermine its democratic allies. RT has also created websites posing as legitimate news sites to spread disinformation and propaganda in Europe, Africa and elsewhere, officials said. They say the outlet has also expanded its use of cyber operations with a new unit with ties to Russian intelligence.

Washington has recently imposed additional sanctions against Russia for its war with Ukraine

The United States on Wednesday filed money-laundering charges against two employees of RT

India may have bought over $1 bn of US oil in August; increasing such shipments helps it to trim trade surplus with the US

Sberbank's branch in India has offices in Delhi and Mumbai, as well as an IT centre in Bangalore