sanctions
Washington (AFP) - The United States fined a Thailand-based firm $20 million on Friday for more than 450 possible Iran sanctions violations -- a day after Washington slapped fresh sanctions on Iran following last weekend's attack on Israel. The move is the latest attempt by the United States to hit Iran financially, even as it works to dial down the military tensions between Iran and Israel following recent tit-for-tat attacks. Bangkok-headquartered SCG Plastics agreed to pay the fine to settle 467 apparent sanctions violations, the Treasury Department said in statement on Friday. These viol...
AFP
Washington (AFP) - The United States said Wednesday it will snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its repression of opponents. President Joe Biden's administration suspended some sanctions after Maduro's government and the opposition agreed in Barbados last October to hold a free and fair vote in 2024 under the watchful eye of international observers. But the thaw ended when Maduro's opponents were not allowed to run against him in elections, and the United States said Caracas had now failed to make progress ahead of an Ap...
AFP
Washington (AFP) - The United States is to snap back sanctions on Venezuela's crucial oil industry after President Nicolas Maduro's government continued its "repression" of opponents, US officials said Wednesday. Caracas had "fallen short" on key areas ahead of an April 18 deadline set by Washington for progress after Maduro's opponents were not allowed to run against him in upcoming elections, senior administration officials said. The US suspended some sanctions after Maduro's government and the opposition agreed in Barbados last October to hold a free and fair vote in 2024 with international...
AFP
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent (CA)
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent
The United States and the United Kingdom will ban Russian exports of aluminum, copper, and nickel from the world's largest metal exchanges, the governments of the U.S. and U.K. announced on April 12. Metals are Russia's second-largest export commodity after energy products, though sanctions have decreased their value since the start of the full-scale invasion. The new action will block Russian metal producers from profits from the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME). According to a press release from the U.K. government, the move targets $40 billion in Russian...
Kyiv Independent (UK)
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent (CA)
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent
Chinese banks have begun blocking payments from Russian companies for electronic component purchases since late March, the Russian state-controlled media outlet Kommersant reported on April 12. Some Russian businesses connected the complications to Western sanctions. The pressure of trade restrictions imposed on Moscow over its invasion of Ukraine has been recently putting a heavy strain on Russia's international business and financial ties, namely with China. The first issues with purchases for electronics started back in December 2023, mainly related to finished products, Kommersant said, ci...
Kyiv Independent (UK)
The Japanese government announced on April 5 its decision to ban exports of 164 goods to Russia, such as automobile engine oil and optical equipment, the Jiji Press news agency reported. The ban, which will take effect on April 17, will be implemented as part of Tokyo's sanctions against Russia due to its aggression against Ukraine. The items included on the list are those that could strengthen Russia's industrial base,the news agency wrote. "We will make every effort to implement the ban on exports to and imports from Russia in cooperation with the international community," Japanese Trade Min...
Kyiv Independent (CA)
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