Iranian presidential candidates on Tuesday discussed the impact of economic sanctions imposed on their country by the United States and other Western nations and presented their plans about reviving a nuclear deal with world powers. It was the second, and last, live debate on state television pitting little-known reformist Masoud Pezeshkian and Saeed Jalili, a hard-line former nuclear negotiator, ahead of Friday's runoff election aimed at choosing a successor for the late President Ebrahim Raisi, who died last month in a helicopter crash. Pezeshkian said that sanctions imposed by the West have badly hurt Iran's economy. He cited a 40 per cent inflation over the past four years and the increasing poverty rates. We live in a society in which many are begging on the streets," he said. Pezeshkian, a cardiac surgeon, said his administration would immediately work towards trying to get sanctions lifted and vowed to repair the economy. He also said he would find a solution to revive a ...
Boeing is being sanctioned by US investigators for sharing information about a federal investigation of a door plug blowout that left a gaping hole in a Boeing 737 Max 9. The National Transportation Safety Board (NTSB) said Thursday that Boeing blatantly violated the agency's investigative regulations as well as a signed agreement by providing non-public investigative information to the media and speculating about possible causes of the January 5 door plug blowout on a Boeing passenger jet in Portland, Oregon. During the incident, a panel that plugged a space left for an extra emergency door blew off an Alaska Airlines Max 9. Pilots were able to land safely, and there were no injuries. The NTSB said that on Tuesday during a media briefing, a Boeing executive provided non-public investigative information to the media about the Alaska Airlines incident that the agency had not verified or authorized for release. The NTSB said that Boeing portrayed the NTSB's investigation as a search
They will also ask EU institutions to work out the details of a 50 billion euro loan for Ukraine that would be serviced by profits generated by Russian central bank assets frozen in the West
Iran's supreme leader called Tuesday for maximum voter turnout in this week's presidential election to overcome the enemy," denouncing politicians who he described as believing that everything good comes from the United States. While not naming any particular candidates, the comments by Supreme Leader Ayatollah Ali Khamenei appeared to directly undercut the candidacy of the race's sole reformist candidate, 69-year-old heart surgeon Masoud Pezeshkian. In recent speeches, Pezeshkian has urged Iran to return to the 2015 nuclear deal and increase its outreach to the West. The one who has the slightest opposition to the revolution ... or the Islamic system, is not useful to you, Khamenei said. He will not be a good colleague for you. Khamenei's comments drew repeated cries of Death to America, death to Israel from a raucous crowd gathered to mark the Shiite holiday of Eid al-Ghadir. The 85-year-old Khamenei urged the crowd to quiet themselves several times during his remarks. Friday's
Separately, the Commerce Department said it was targeting shell companies in Hong Kong for diverting semiconductors to Russia
Russia is the world's second-largest gold miner after China
A senior US Treasury official is in Kyiv this week to talk with government officials about US financial support for Ukraine, efforts to tighten sanctions on Russia and plans to use immobilized Russian sovereign assets for the benefit of Ukraine as it fends off Russian forces. Deputy Secretary Wally Adeyemo's trip comes as Russia gains territory on the battlefield after an especially lengthy delay in US military aid left Ukraine at the mercy of Russia's bigger army and as the outlook for Ukraine's state finances is on shakier ground. Adeyemo is set to meet with officials in Ukraine's finance ministry and president's office. He's also planning a stop at the Kyiv School of Economics to speak with faculty and civil society groups working on sanctions policy and ways to make sanctions on Russia more effective. President Joe Biden signed legislation in April that allows the administration to seize the roughly USD5 billion in Russian state assets located in the US. However, a majority of t
"Russia continues to procure sensitive goods and to expand its ability to domestically manufacture these goods. We must remain vigilant and be more ambitious," Yellen said
India, the world's third-biggest oil importer and consumer, is the top client for Russian seaborne oil
After India and Iran signed a long-term deal for running the Chabahar port, the US warned that any country having business dealings with Tehran ran the 'potential risk of sanctions'
Treasury will continue to take action to ... stop evasion by the Kremlin and its oligarch enablers, said US Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson
US tariffs will further increase trade friction
India and Iran have signed a long-term contract for the operation of the Shahid Beheshti Port terminal at Chabahar in Iran
Any entity, anyone considering business deals with Iran, they need to be aware of the potential risk they are opening themselves up to, potential risk of sanctions, US State department said
Russia has long sought to increase its share of the global LNG market, but the war and the subsequent sharp drop in overland exports to Europe have reinforced the importance of these ambitions
Serbian lawmakers on Thursday voted into office a new government that reinstated two pro-Russia officials who are sanctioned by the United States, reflecting persistent close ties with Moscow despite the Balkan nation's proclaimed bid to join the European Union. Prime Minister Milo Vucevic's government got backing in a 152-61 vote in the 250-member parliament. The remaining 37 lawmakers were absent. The government includes former intelligence chief Aleksandar Vulin, who has made several visits to Russia in recent months, as one of several vice-premiers, along with Nenad Popovic, another Russia supporter who has faced US sanctions. The foreign minister in the previous government, Ivica Dacic, also a pro-Russia politician, will be in charge of the Interior Ministry in the new Cabinet. The vote followed a heated two-day debate. President Aleksandar Vucic's ruling nationalist conservative Serbian Progressive Party holds a comfortable majority after an election in December that fueled .
The US has imposed an array of sanctions on Russia and Russian entities since the country invaded Ukraine in 2022
In a veiled jibe at China, India has said that the "holds" placed on proposals in the UNSC sanctions committees are disguised vetoes on matters such as listing Pakistan-based global terrorists where some Council members will not take any responsibility. The working methods of anybody must respond to the challenges confronted by it. And the United Nations Security Council's record in measuring up to the mounting challenges has been abysmal, to say the least, India's Permanent Representative to the UN Ambassador Ruchira Kamboj said on Tuesday. Speaking in the UN General Assembly on the Second Anniversary of the unanimous adoption by UNGA of the Veto Initiative'- Strengthening of the UN System, Kamboj said that the Security Council has used its working methods to hide vetoes and disguise them under the ad hoc working methods of its committees which act on its behalf but have little accountability. Those of us familiar with the work of the Sanction Committees and its tradition of puttin
Anyone considering a business deal with Iran needs to be aware of the potential risk of sanctions from the United States, an official said on Tuesday. "Just let me say broadly, we advise anyone considering business deals with Iran to be aware of the potential risk of sanctions. But ultimately, the government of Pakistan can speak to their own foreign policy pursuits," Vedant Patel, Deputy Spokesperson of the US State Department, said while responding to a question on a recent visit of the Iranian president to Pakistan. During the visit, Pakistan and Iran signed eight MoUs (memoranda of understanding) and also agreed to push bilateral trade to USD 10 billion. Early this week, the US imposed sanctions on suppliers to Pakistan's ballistic missile programme, including three companies from China. "The sanctions were made because these were entities that were proliferators of weapons of mass destruction and the means of their delivery. These were entities based in the PRC (People's Repub
Iran and Pakistan have inked eight memoranda of understanding for collaboration in a range of areas. PM Shehbaz and Iranian President Ebrahim Raisi witnessed the MoU signing ceremony