Us Sanctions

Beijing opposes US sanctions on two Chinese firms, vows to hit back

Beijing accused Washington of imposing discriminatory restrictions on Chinese firms and urged it to reverse the measures, after the US expanded sanctions targeting foreign businesses linked to Cuba

US sanctions Indian businessman, wife for helping Iran evade oil curbs

The US has sanctioned Chandigarh-based businessman Suniel Kumar Sharma, his wife and several associated entities for allegedly helping Iran evade oil restrictions through fraudulent registrations

Top executives quit $25 bn US gas project over alleged Russian control

Former executives allege that Russia's Novatek financed and influenced the Alaska gas export venture without US approval, raising sanctions concerns amid Washington's efforts to expand energy exports

China opposes US sanctions on five firms linked to ex-Google engineer

Beijing on Tuesday expressed "firm opposition" to the Trump administration's sanctions on five Chinese companies connected to a former Google engineer accused of intellectual property theft. The move "severely harms the legitimate rights and interests" of Chinese businesses, the country's commerce ministry said in a statement. "The nature of this act is egregious. China firms opposes this." The ministry also urged the US to "correct its erroneous practice" and said Beijing would take "necessary measures", without specifying them. It came a day after the US State Department imposed sanctions on five Chinese companies connected to Linwei Ding, who founded Shanghai Zhisuan Technology. The department said he had touted his experience with Google and claimed his company could replicate the American tech giant's super intelligence infrastructure technology. The start-up incubation programme MiraclePlus, which was sanctioned along with Zhisuan, gave seed capital in exchange for an ownersh

Russia sanctions waiver a 60-day pause: US Secretary of State Marco Rubio

US Secretary of State Marco Rubio acknowledged that India remained heavily reliant on Russian oil even as it had diversified its energy sources

India to keep Russian oil imports near current levels after Trump waiver

India is expected to keep importing Russian crude at close to current levels after US President Donald Trump waived sanctions and tariffs mandated by a new law on major buyers of Russian oil, analysts said. Trump issued an executive order late on Friday waiving the "sanctions, restrictions, and duties" under the Lindsey O. Graham Sanctioning Russia and Iran Act, a day before a 30-day deadline for enforcement expired. He signed the law on September 18. The law authorised tariffs of up to 100 per cent on goods from the five largest importers of Russian crude and gas, and sanctions on Russia's shadow fleet of tankers. The waiver is not specific to India and could also benefit China. The order lets the administration reconsider it later. India is the largest importer of Russian seaborne crude, averaging 1.8 million barrels per day this year, ahead of China at 1.2 million, ship tracking data showed. Italy, Turkey and the Netherlands completed the top five. India took about 1.82 million

Trump's sanctions waiver offers India temporary relief, no certainty: GTRI

US President Donald Trump's waiver from sanctions, restrictions and tariffs under the Sanctioning Russia and Iran Act (SRIA) gives India temporary relief but offers no lasting certainty, and New Delhi should safeguard its energy security and buy oil on commercial terms, think tank GTRI said on Saturday. It said that the move gives India relief from threatened additional duties of up to 100 per cent linked to Russian oil purchases. "But the relief is reversible. Washington can restore the tariffs anytime, leaving India and other buyers uncertain about future US action," the Global Trade Research Initiative (GTRI) said. It also said SRIA remains a law, leaving Washington free to revive the tariff threat to extract concessions in bilateral trade talks. The think tank added that Russia's share of Indian oil imports fell from 51 per cent in July to 44 per cent in August as India bought more from the US, despite higher prices, and from the UAE. "For India, the waiver buys time but offer

Trump waives Russia energy tariffs and sanctions under Graham law

Waiving the law avoids a potential clash with the top purchasers of Russian energy products, India, China and Turkey

Russia to supply diesel to US, global markets: What it means for India

US President Donald Trump said Russia had agreed to immediately supply more than 300,000 tonnes of diesel to the US and global markets after a discussion with Russian President Vladimir Putin

Sanctions, tariffs sometimes weaponised as policy tools: PK Mishra

Principal Secretary to the prime minister, P K Mishra, on Saturday said export restrictions, sanctions and tariffs become instruments of economic policy and they are sometimes even weaponised. The top government functionary also said that wars disrupt energy and food markets while shipping routes and geographical choke points become sources of economic vulnerability. Addressing the Kautilya Economic Conclave on the subject 'A World Priced for Risk', he said India is a major energy importer, and any prolonged disruption to an important maritime route can affect the economy adversely. India's response, therefore, has combined several layers of protection. "For energy security, the disruption around the Strait of Hormuz has been a particularly clear reminder of how geography can translate into economic risk," he said. Without mentioning any country, the top official said export restrictions, sanctions and tariffs become instruments of economic policy, sometimes they are even ...

Jaishankar airs India's concerns over new tariff Act with Marco Rubio

India and the US on Wednesday discussed bilateral relations and New Delhi's concerns regarding the Sanctioning Russia and Iran Act as External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio on the sidelines of the UN General Assembly session. Jaishankar, who arrived in New York City Sunday, is leading the Indian delegation for the 81st session of the UN General Assembly. "Good to meet @SecRubio of the US #UNHighLevelWeek. Reiterated India's interests and concerns with regard to SRIA (Sanctioning Russia and Iran Act). Also discussed the Gulf and Ukraine situations," Jaishankar posted on X after the meeting. US President Donald Trump signed into law the "Lindsey O. Graham Sanctioning Russia and Iran Act of 2026" last week, which authorises him to impose tariffs of up to 100 per cent on countries buying Russian oil and gas, including China and India. In its reaction, New Delhi said that it will take all necessary steps to protect its economic interests and ensure

Ahead of Trump-Xi summit, China slams US sanctions on Russia, Iran

AICC general secretary Jairam Ramesh said this in a post on X after Trump signed the law

Only way to counter 'bully' is to resist him forcefully: Congress on Trump

The Congress on Saturday said the only way to counter a "bully" is to resist him "forcefully", after US President Donald Trump signed the Sanctioning Russia and Iran Act that seeks to impose steep levies on Moscow and its top energy buyers like China and India. AICC general secretary Jairam Ramesh said this in a post on X after Trump signed the law. "The only way to counter a bully is to resist him forcefully," he said. "On Friday, September 18, 2026, the President signed into law: H.R. 5334, the 'Lindsey O. Graham Sanctioning Russia and Iran Act of 2026,' which authorises and expands statutory sanctions, tariffs, and prohibitions on Russia and extends existing sanctions on Iran," the White House said. The House of Representatives on Wednesday passed the Sanctioning Russia and Iran Act, which seeks to impose sanctions on Russia's leadership and energy sector, as well as on collaborators with Moscow's defence industry and its so-called "shadow fleet". The Act also authorises Presid

Brics declaration balances tariffs, sanctions and West Asia concerns: GTRI

At the 18th Brics Summit, the New Delhi Declaration has criticised tariffs, sanctions and carbon trade measures linked to Western countries without naming them

Best of BS Opinion: Limits of 'Economic D-Day' lie at China's gates

Today's Best of BS Opinion examines US sanctions on Iran, H1N1 risks, aviation regulation, hard-to-abate sector transition plans and India's software product journey.

Four India-based companies bear the brunt of US' Iran sanctions

US sanctions four India-based firms over Iranian petroleum imports as Washington expands pressure on Tehran and warns entities doing business with Iran of retaliation

Limits of 'Economic D-Day'

Beijing is the customer of almost 90 per cent of Iran's exports of crude oil and it supplies Tehran much-needed infrastructure support and dual-use technologies

Operation Economic Outcast explained: How the US plans to isolate Iran

The US has launched Operation Economic Outcast to isolate Iran by targeting its oil, shipping, technology and financial networks, while warning countries and firms trading with Tehran of sanctions

Defiant Iran says new sanctions threatened by 'desperate' US will fail

Tehran remains defiant ahead of expected US sanctions announcement on Monday as shipping through the Strait of Hormuz remains virtually at a standstill

Why Trump sanctioned ICC President Tomoko Akane and its senior lawyer

The US says the ICC exceeded its authority by targeting officials from countries that have not accepted its jurisdiction, but the sanctions are closely tied to the court's Gaza investigation