Page 5 - Us Sanctions

Ukraine war: US to impose sanctions on over 500 targets in Russia action

The new penalties come as the US and its allies look to maintain pressure on Russia, despite doubts over whether the US Congress will approve additional security assistance for Kyiv

EU agrees on sanctions against Russia before 2nd anniversary of Ukraine war

The decision coincides with the second anniversary of Russia's full-scale invasion, which began on February 24, 2022, and comes days after the death of Russian opposition leader Alexei Navalny

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

Jaishankar reaffirms India's stance on buying Russian oil despite sanctions

In an interview with the German economic daily, Handelsblatt, Jaishankar stated that Europe should understand that India cannot have a view of Russia that is identical to the European one

New US sanctions target India's biggest crude grades from Russia

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year

Sanctions imposed on Iran Central Bank subsidiary for US tech procurement

The US has imposed sanctions on three people and four firms across Iran, the United Arab Emirates and Turkey for allegedly helping to export goods and technology purchased from US companies to Iran and the nation's central bank. Treasury's Office of Foreign Assets Control said the procurement network transferred US technology for use by Iran's Central Bank in violation of US export restrictions and sanctions. Some of the materials acquired by the Central Bank of Iran were items classified as information security items subject to national security and anti-terrorism controls by the Commerce Department, Treasury says. Included in the sanctions package is Informatics Services Corp., an Iranian subsidiary of Iran's Central Bank that most recently developed the Central Bank Digital Currency platform for the bank; a UAE-based front company, which acquired US tech for the Central Bank of Iran and the front company's CEO, as well as a Turkey-based affiliate firm that also made purchases tha

US imposes sanctions on Myanmar's military regime three years after coup

The US reiterated its call for the Myanmar military to change course and create space for meaningful and inclusive dialogue towards a future democratic Myanmar

Highlights of the day: 2 killed in clash between ethnic groups in Manipur

Catch all the latest updates from across the globe here

US pulls some of Venezuela's sanctions relief as court blocks oppn leader

The US government on Monday pulled back part of the sanctions relief it granted Venezuela last year, following through on its threat after the South American country's highest court blocked the presidential candidacy of an opposition leader. The Department of the Treasury gave companies transacting with Venezuela's state-owned mining company until February 13 to wind down operations. The department had allowed transactions with the mining company in October after the government of President Nicols Maduro reached an agreement with the US-backed opposition faction to work toward levelling the playing field ahead of the presidential election. On Friday, however, the prospect of a free presidential election was dealt a heavy blow when the country's highest court upheld a ban on the candidacy of Mara Corina Machado, a longtime government foe and winner of the primary held by the opposition. Machado, a former lawmaker, won the opposition's independently run presidential primary with more

US, 30 world leaders condemn ban on Venezuelan Oppn leader's candidacy

The US government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela's highest court to block the presidential candidacy of opposition leader Mara Corina Machado. The Biden administration, however, remained noncommittal about reimposing economic sanctions on Venezuela, which it has threatened to do if the government of President Nicols Maduro failed to ensure a level playing field for the country's presidential election this year. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," US State Department spokesman Matthew Miller said in a statement. Machado won a presidential primary held in October by the faction of the opposition backed by the US. She secured more than 90 per cent of the vote despite the Venezuelan government announcing a 15-year ban on her running for office just days after she formally enter

Biden govt pledges new sanctions over Houthi attacks on global shipping

The United States on Wednesday put Yemen's Houthis rebels back on its list of specially designated global terrorists, piling financial sanctions on top of American military strikes in the Biden administration's latest attempt to stop the militants' attacks on global shipping. Officials said they would design the financial penalties to minimize harm to Yemen's 32 million people, who are among the world's poorest and hungriest after years of war between the Iran-backed Houthis and a Saudi-led coalition. But aid officials expressed concern. The decision would only add "another level of uncertainty and threat for Yemenis still caught in one of the world's largest humanitarian crises, Oxfam America associate director Scott Paul said. The sanctions that come with the formal designation are meant to sever violent extremist groups from their sources of financing. President Donald Trump's administration designated the Houthis as global terrorists and a foreign terrorist organisation in one

US sanctions Hong Kong, UAE firms over 'financial support' to Houthi rebels

The two companies sanctioned by the US Treasury Department on Friday were Hong Kong-based Cielo Maritime and UAE-based Global Tech Marine Services

Red Sea attacks: US sanctions money network tied to Yemen Houthi rebels

The US on Thursday imposed sanctions on a group of money exchange services from Yemen and Turkey alleged to help provide funding to Iranian-backed Houthi rebels who have been launching attacks on commercial shipping vessels in the southern Red Sea including a drone and a missile that were shot down Thursday by the US military. Included in the sanctions are the head of a financial intermediary in Sana'a, Yemen, along with three exchange houses in Yemen and Turkey. U.S. Treasury alleges that the people and firms helped transfer millions of dollars to the Houthis at the direction of sanctioned Iranian financial facilitator Sa'id al-Jamal. The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans. Thursday's action is the latest round of financial penalties meant to punish the Houthis. Earlier this month, the U.S. announced sanctions against 13 people and firms alleged to be providing tens of millions

US imposes more sanctions on money lending network tied to Houthi rebels

The U.S. on Thursday imposed sanctions on a group of money exchange services from Yemen and Turkey alleged to help provide funding to Iranian-backed Houthi rebels who have been launching attacks on commercial shipping vessels in the southern Red Sea. Included in the sanctions are the head of a financial intermediary in Sana'a, Yemen, along with three exchange houses in Yemen and Turkey. U.S. Treasury alleges that the people and firms helped transfer millions of dollars to the Houthis at the direction of sanctioned Iranian financial facilitator Sa'id al-Jamal. The sanctions block access to U.S. property and bank accounts and prevent the targeted people and companies from doing business with Americans. Thursday's action is the latest round of financial penalties meant to punish the Houthis. Earlier this month, the U.S. announced sanctions against 13 people and firms alleged to be providing tens of millions of dollars from the sale and shipment of Iranian commodities to the Houthis in

5 mn barrels of Russian oil gets stuck on tankers while en route to India

It's unclear what's holding the vessels up, but US sanctions on tankers hauling Russian crude in breach of a price cap imposed by the Group of Seven nations might be part of the cause

US imposes new round of sanctions over Russia's invasion of Ukraine

The US on Tuesday imposed sanctions on a Belgian involved in procuring electronics for the Russian military, his companies and a group of Belarusian firms and people tied to Russia's invasion of Ukraine. Treasury's Office of Foreign Assets Control targeted a network led by Belgium-based Hans De Geetere, which included nine entities and five people across Russia, Belgium, Cyprus, Sweden, Hong Kong, and the Netherlands. They are accused of being involved with procuring military-grade equipment for Russia. Also on Tuesday, the US Justice Department unsealed two indictments against Hans De Geetere and the Commerce Department added him and five firms to its entity list. US sanctions block access to US property and bank accounts and prevent the targeted people and companies from doing business with Americans. De Geetere did not respond to an Associated Press request for comment through email. State Department spokesperson Matt Miller said the US is committed to working with our allies a

Binance pleads guilty to US sanctions violation, will pay $4.3 bn fine

Zhao pleaded guilty Tuesday to violating the Bank Secrecy Act in federal court in Seattle. Richard Teng will succeed Zhao as CEO.

US announces sanctions against Iran-backed militia groups and its leaders

"KSS terrorist activity has threatened the lives of both US and Global Coalition to Defeat ISIS personnel in Iraq and Syria," US Secretary of State Antony Blinken said in a statement

Cheap Venezuela crude oil to complement discounted Russian grades

India is studying options to resume imports of oil from Venezuela after purchases stopped in late 2020

ONGC hopes to recover over $500 mn dividend as Venezuela sanctions eased

The Biden administration on Wednesday eased sanctions on Venezuela's oil sector after the government and opposition parties reached a deal for the 2024 election