sanctions
By Timothy Gardner and Vivian Sequera WASHINGTON/CARACAS (Reuters) – President-elect Donald Trump’s pick of U.S. Senator Marco Rubio for secretary of state could signal stricter enforcement of oil sanctions on Iran and Venezuela, but concerns about retaliation by China could temper any efforts, analysts said on Wednesday. Rubio, a longtime…
By Chen Aizhu and Siyi Liu SINGAPORE (Reuters) – China faces a squeeze on supplies of cheap Iranian crude, which make up about 13% of imports by the world’s biggest buyer of oil, if Donald Trump ramps up enforcement of sanctions on Tehran after his return as U.S. president in…
By Julia Payne and John O’Donnell BRUSSELS (Reuters) – European diplomats are preparing to underpin sanctions on Russia anticipating that a return of former U.S. president Donald Trump could undermine Western efforts to isolate Moscow, sources with knowledge of the discussions told Reuters. The talks among EU officials and envoys…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. appeals court on Tuesday said the federal government may prosecute Turkey’s Halkbank on charges it helped Iran evade American sanctions, rejecting the state-owned lender’s argument that it deserved immunity. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals found no…
By Timothy Gardner WASHINGTON (Reuters) -The United States expanded sanctions against Iran’s petroleum and petrochemical sectors on Friday in response to an Iranian missile attack on Israel, the administration of President Joe Biden said. The U.S. move adds petroleum and petrochemicals to an executive order that targets key sectors of…
By Elena Fabrichnaya and Gleb Bryanski MOSCOW (Reuters) – Russia’s trade with India is booming and bilateral payments are proceeding smoothly without the glitches that have been hampering trade with other countries, Anatoly Popov, deputy CEO of Russia’s largest lender, Sberbank, told Reuters. Sberbank handles payments for up to 70%…
By Simon Lewis (Reuters) – The United States on Friday imposed sanctions on more than 400 entities and individuals for supporting Russia’s war effort in Ukraine, the State Department said, including Chinese firms that U.S. officials believe are helping Moscow to skirt Western sanctions and build up its military. Washington…
By Marianna Parraga HOUSTON (Reuters) – The U.S. has drafted a list of about 60 Venezuelan government officials and family members who could be sanctioned in the first punitive measures following the South American country’s disputed presidential election in July, two people close to the matter said. The proposed list…
Tesla doesn’t ship Cybertrucks to Russia, but that doesn’t seem to have stopped Chechen leader Ramzan Kadyrov from getting his hands on one.Kadyrov, a self-styled warlord and head of the Chechen Republic, posted a video on Telegram over the weekend, showing a Tesla Cybertruck being driven through an empty street…
Russia and China are planning to revive the age-old practice of barter trade to get around Western sanctions, Reuters reported on Thursday.The deals could involve agriculture and could come as soon as this fall, the news agency reported, citing anonymous trade and payments sources. One source at a Russian industrial…
