Page 5 - Us Sanctions
In touch with US to clarify issues: MEA on sanctions on Indian entities
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 ...
US sanctions 15 Indian cos for supporting Russia's military-industrial base
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
US imposes sanctions on suppliers supporting Russia's war efforts
The sanctions also targeted more than two dozen Hong Kong-based entities for shipping components and microelectronics for use in Russia's defense industry
This pharma company from Mumbai may be helping Putin get Nvidia AI chips
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
US sanctions Indian firm along with others for illicitly carrying Iran oil
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
Russia's adaptability to US sanctions stymied their impact: Economists
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
Russian, Chinese FM deem Western sanctions unacceptable during UNGA talks
During their discussion, both leaders reiterated the sanctions imposed by the Western countries' violated UN Security Council resolutions
US sanctions Russian state media over raising funds for troops in Ukraine
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.
Sanctioned tanker with Arctic LNG 2 cargo moving east along Northern Sea
Washington has recently imposed additional sanctions against Russia for its war with Ukraine
Will take action against US media in response to charges, says Russia
The United States on Wednesday filed money-laundering charges against two employees of RT
India's US crude imports rebound as Washington tightens screws on Russia
India may have bought over $1 bn of US oil in August; increasing such shipments helps it to trim trade surplus with the US
India business booming despite Western sanctions, says Russia's Sberbank
Sberbank's branch in India has offices in Delhi and Mumbai, as well as an IT centre in Bangalore
China opposes US sanctions on firms over 'links to Russia's war efforts'
China on Sunday expressed its opposition to the latest US sanctions on Chinese companies over their alleged ties to Russia's war in Ukraine, saying it will adopt necessary measures to safeguard the rights and interests of the country's businesses. The US on Friday announced sweeping sanctions on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia's war effort and aiding its ability to evade sanctions. The US Department of State said it was concerned by the magnitude of dual-use goods exports from China to Russia. The Ministry of Commerce in China in its statement firmly opposed the US putting multiple Chinese companies on its export control list. The move bars such companies from trading with US firms without gaining a nearly unobtainable special license. The ministry said the US action was typical unilateral sanctions," saying they would disrupt global trade orders and rules, as well as affect
US sanctions hundreds of firms accused of supplying war machine for Russia
The US imposed sweeping sanctions Friday on hundreds of firms in Russia and across Europe, Asia and the Middle East, accusing them of providing products and services that enable Russia's war effort and aiding its ability to evade sanctions. Among those sanctioned by the Treasury Department were 60 Russian-based technology and defense companies, including three Russian financial tech companies. Also sanctioned were firms in Turkiye, France and Hong Kong that act as suppliers to Russia-based Promtekh, a wholesale distributor of transportation equipment, and an ammunition procurement network connected to Italian and Turkish nationals, who also face sanctions. Friday's action is the latest in a series of thousands of US sanctions that have been imposed on Russian firms and their suppliers in other nations since Russia's invasion of Ukraine in February 2022. The effectiveness of the sanctions has been questioned, especially as Russia has continued to support its economy by selling oil and
Southeast Asia's solar industry boom threatened by US-China trade tensions
Chinese firms that set up factories there over the last decade are now being accused of skirting US import levies on their home market
US imposes more sanctions targeting Houthi, Hezbollah trade networks
The US Treasury Department in a statement said it targeted companies, individuals and vessels accused of being involved in the shipment of Iranian commodities
India, Russia explore dynamic rupee-rouble rate to overcome trade issues
RBI deputy governor T Rabi Sankar and top officials of some public sector banks are visiting Moscow for a meeting of the India-Russia Joint Business Council for banking and finance
Sanctioned Iranian crude oil finds new markets in city of Dalian in China
Analysts estimate China imported 1.2-1.4 million bpd of Iranian crude during the period. Vortexa said the imports hit a record 1.52 million bpd last October
Russian firms find it difficult to get paid by China amid US sanctions
Those delays come after the US in June widened the parameters for determining whether to impose secondary sanctions by broadening the definition of Russia's military-industrial base
Amid Ukraine war, Russia upgraded to 'high-income' nation; here's why
Thriving in a war economy: Amid heavy sanctions, Russia's economy defied expectations, achieving a high-income status for the first time since 2014, according to the World Bank
