Page 7 - Us Sanctions

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

Will continue oil, gas projects despite US sanctions, says Russian govt

A ministry statement also said that Russia would respond to Washington's "hostile" actions, announced on Friday, while drawing up its foreign policy strategy

Last-minute sanctions imposed on Russia to help Ukraine, says Biden

The United States on Friday imposed massive sanctions on Russia, targeting its energy sector, to help Ukraine maintain its independence and fight against Moscow, outgoing US President Joe Biden said Friday. Ten days before passing on the baton to Donald Trump, the Biden Administration on Friday slapped sanctions on scores of companies and entities that were helping Russia in its export of energy, in particular gas. Two of those companies were from India. The sanctions are imposed today because they will have a profound effect on the growth of the Russian economy and make it more difficult for Putin to conduct his wars. "It is probable that gas prices could increase as much as USD 0.03 to USD 0.04 a gallon, but that's going to have a more profound impact on Russia's ability to continue to act in the way it's acting in the conduct of war, Biden said in response to a question. I already decided that Putin's in tough shape right now. I think it's really important that he does not have

Indian refiners eye windfall from Urals oil drop: Will motorists benefit?

Indian refiners may face a windfall this year from falling Urals oil rates even as US levies sanctions on Russian firms. Will motorists benefit?

Here's why developing nations are leading trade investigation against China

China faced record 160 trade investigations in 2024, with developing nations leading the pushback over overcapacity concerns; India, EU, and Brazil top the list of initiators

China's Shandong Port bans US-sanctioned tankers from calling into its port

The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17 per cent of China's imports

Chinese tech giants Tencent, CATL protest US listings as army-linked cos

The US Defence Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military, prompting some to protest and say they will seek to have the decision reversed. The US has in recent years sought to restrict sharing of advanced technology, including semiconductors and artificial intelligence, deeming it to be a threat to national security. The Defence Department updates its list of Chinese Military Companies, or CMC list, annually. With the latest revision it includes 134 companies. The National Defence Authorisation Act of 2024 bans the Department of Defence from dealing with the designated companies beginning in June 2026. Tencent's Hong Kong-traded shares fell 7.3 per cent on Tuesday and the company said it would initiate a reconsideration process to correct this mistake, seek talks with the Defence ...