Page 3 - Us Sanctions
India should reciprocate if US imposes duties on domestic goods: Experts
India should respond with equal measures if the newly elected US President Donald Trump would impose higher tariffs on domestic goods, trade experts say. They noted that India has previously implemented retaliatory customs duties on several US products, such as apples, in response to what it deemed "illegal" tariffs imposed by America on certain steel and aluminium products. In December last year, Trump has said India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products. "India should respond firmly and in equal measures," economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. In 2018, when the US taxed Indian steel and aluminium, India retaliated by raising tariffs on 29 US products, recovering equivalent revenue. "This measured response showed India's capability to protect its trade interests while staying balanced," Srivastava
Indian refiners seek crude after US sanctions disrupt Russia oil supply
The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers
India's fraying Gulf oil ties get a fillip on US' sanctions on Russia
State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite higher sourcing costs
New restrictions on AI chips into India but growth remains unaffected
The US restrictions are part of global tech wars and the third globalisation, aimed at hindering China's access to AI technologies
How TikTok grew from a fun app to potential national security threat in US
If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to US officials. On April 24, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a US owner within a year or to shut down. TikTok and its China-based parent company, ByteDance, filed a lawsuit against the US, claiming the security concerns were overblown and the law should be struck down because it violates the First Amendment. The Supreme Court on Friday unanimously upheld the federal law banning TikTok beginning Jan 19 unless it's sold by ByteDance. Here's how TikTok came to this juncture: -- Mar
US restrictions on exports of AI chips likely to hurt India by 2027
Under the proposed rules, 18 countries -- including close US allies such as the UK, Canada, Germany, Japan, and South Korea -- will enjoy unrestricted access to chips for verified companies
Russia, Iran sign comprehensive strategic pact amid Western sanctions
Russian President Vladimir Putin and his Iranian counterpart, Masoud Pezeshkian, signed a broad cooperation pact Friday as their countries deepened their partnership in the face of stinging Western sanctions. Russian and Iranian officials say the comprehensive strategic partnership treaty covers all areas - from trade and military cooperation to science, education and culture. Putin praised the deal as a real breakthrough, creating conditions for the stable and sustainable development of Russia, Iran and the entire region. He said the amount of trade and economic cooperation was still insufficient, voicing hope the new treaty will help clear bureaucratic hurdles and expand ties. The Russian leader added that the countries are trying to resolve technical obstacles to advance planned projects to ship Russian natural gas to Iran and build transport corridors to Iranian ports in the Gulf. Pezeshkian said the projects are feasible, adding that experts were working to resolve the remain
US curbs lift on Indian nuclear entities may boost collab, tech access
The US lifting Cold War-era sanctions on three Indian nuclear entities, including the Bhabha Atomic Research Centre (BARC), will boost collaboration in the key field and give the country access to new technologies, experts said on Thursday as they welcomed the move. Former DAE (Department of Atomic Energy) secretary Anil Kakodkar, however, observed one should not get too excited with the development as only time will show how the lifting of sanctions will benefit the Indian nuclear energy sector and research. The move will help India in the area of rare earths as it deals with critical elements, maintained the noted nuclear physicist. Kakodkar, who served as BARC director, Atomic Energy Commission (AEC) chairman and DAE secretary during his decades-long career in the nuclear field, opined that the lifting of restrictions should have happened long time back. The 81-year-old scientist was the AEC chairman and DAE secretary when the landmark Indo-US civil nuclear deal was signed in ..
US sanction clarifications tighten squeeze on India's February oil supplies
Indian refiners have until Feb 27 to wind down transactions with sanctioned Russian tankers, opaque traders, a shadow fleet, and insurers, according to a US govt official
US issues fresh round of sanctions against Russia ahead of Trump's return
As part of the action, the Treasury imposed new curbs on almost 100 entities that were already under sanctions, potentially complicating any future efforts to remove the measures
US tightens Russia sanctions, warns biz of more penalties for partnerships
The official stressed that there are new sanctions on 15 companies related to Russia and China that have worked together to avoid existing sanctions
Indian refiners rush to pay for Russian oil ahead of sanctions cutoff
Pressure to stay clear of sweeping US sanctions means the refiners are now aiming to settle payments for the discounted barrels in just two days instead of the previous five
Indian refiners hopeful of Moscow finding path around latest US oil curbs
Processors are hopeful that the new US government may help to blunt the impact of the far-reaching curbs announced last week
EU continues to savour Russian LNG as US sanctions threaten India's imports
The US' latest sanctions on Russian energy supply chains could hit India's oil and gas imports, even as the EU nations and other American allies may face little impact
Indian refiners halt trade with US-sanctioned Russian firms and tankers
Washington also sanctioned 183 vessels used for transporting Russian oil while allowing a winding down of some energy related transactions by March 12
New US energy sanctions to destabilise global markets, says Russian govt
The move was meant to cut Russia's revenues for financing the war with Ukraine. A US official said the sanctions could cost Russia billions of dollars per month if sufficiently enforced
Latest sanctions on Russia may cut off access to discounted crude
Govt hopes there will be no shortage, no disruption for 6-8 weeks, say official sources
US sanctions on Russian oil supply chain pose challenge for Indian refiners
India's slowing economy is most exposed to the latest bans because refiners must pay much more to purchase alternative crudes from West Asia in the short term
Widening net: New US sanctions to affect supply of Russian energy
Two large producers and exporters have been brought into the sanctions net: Surgutneftegas and Gazprom Neft
Two Indian firms sanctioned by US for 'aiding' Russia's Arctic LNG project
The US has announced sanctions on two Indian firms for allegedly aiding Russia's Arctic LNG 2 project, in violation of its energy curbs aimed at crippling Moscow's revenue streams amid the Ukraine war
