Page 12 - Us Sanctions

Pak govt to 'vigorously' seek US waiver for Iran pipeline project: Minister

Pakistan has decided to plead "vigorously" and seek exemption from potential US sanctions against the planned construction of a multi-billion dollar pipeline to import cheap gas from neighbouring Iran, the petroleum minister has said, asserting that it "can't afford sanctions" on the project. Minister for Petroleum Dr Musadik Malik said that the government would seek exemption from US sanctions for the multi-billion-dollar Iran-Pakistan (IP) gas pipeline project, the Dawn newspaper reported. We will seek exemption from US sanctions. Pakistan cannot afford sanctions in the gas pipeline project, he told journalists during an informal chat on Monday evening. The development came after US Assistant Secretary of State for South and Central Asia Donald Lu said at a congressional hearing that Pakistan had so far not sought exemption for the 1,150-kilometre gas pipeline. Malik said the government would "plead vigorously" Pakistan's case for the waiver on technical, political and economic .

US targets Russian fintech operators for Ukraine war sanctions evasion work

Five of the entities were designated for being owned or controlled by persons already sanctioned by OFAC

India remains cautious on contracted Russian oil as new US sanctions bite

The three refiners had been in talks with Russia's Rosneft PJSC to secure about 500,000 barrels a day - equivalent to a third of India's daily imports

New US sanctions may curb Indian imports of Russian coal, say traders

The latest US sanctions also include Russia's payment system, financial institutions and energy production

India looks elsewhere for oil as latest US sanctions crimp Russia trade

India's refiners are keen to take more Russian oil, but there would need to be US approval for buying to ramp up again, the executives said, asking not to be identified because the information is priv

India's oil imports from Russia threatened after US imposes new sanctions

Washington on Friday imposed sanctions to mark the second anniversary of Moscow's invasion of Ukraine and retaliate for the death of opposition leader Alexei Navalny

Will hit back if foreign assets seized: Russian Minister Siluanov

According to Siluanov, other countries are drawing their own conclusions from the freezing of Russian assets

China hits back at US, EU, UK for Russia-related curbs on its firms

On Friday, the Biden admin announced new trade curbs on 93 entities from Russia, China, Turkey, UAE, Kyrgyzstan, India and South Korea for supporting Russia's war effort in Ukraine

US sanctions on Russia's oil-shipping firms may leave India at sea

Washington is chipping away at the so-called shadow fleet that transports oil to China, India and Turkiye among others

Ukraine war: US to impose sanctions on over 500 targets in Russia action

The new penalties come as the US and its allies look to maintain pressure on Russia, despite doubts over whether the US Congress will approve additional security assistance for Kyiv

EU agrees on sanctions against Russia before 2nd anniversary of Ukraine war

The decision coincides with the second anniversary of Russia's full-scale invasion, which began on February 24, 2022, and comes days after the death of Russian opposition leader Alexei Navalny

Russian crude oil traders come up with ways to sidestep US sanctions

Russian barrels are not sanctioned for countries like India, but if the ships they are delivered on come under sanctions then India cannot buy such shipments

Jaishankar reaffirms India's stance on buying Russian oil despite sanctions

In an interview with the German economic daily, Handelsblatt, Jaishankar stated that Europe should understand that India cannot have a view of Russia that is identical to the European one

New US sanctions target India's biggest crude grades from Russia

Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year

Sanctions imposed on Iran Central Bank subsidiary for US tech procurement

The US has imposed sanctions on three people and four firms across Iran, the United Arab Emirates and Turkey for allegedly helping to export goods and technology purchased from US companies to Iran and the nation's central bank. Treasury's Office of Foreign Assets Control said the procurement network transferred US technology for use by Iran's Central Bank in violation of US export restrictions and sanctions. Some of the materials acquired by the Central Bank of Iran were items classified as information security items subject to national security and anti-terrorism controls by the Commerce Department, Treasury says. Included in the sanctions package is Informatics Services Corp., an Iranian subsidiary of Iran's Central Bank that most recently developed the Central Bank Digital Currency platform for the bank; a UAE-based front company, which acquired US tech for the Central Bank of Iran and the front company's CEO, as well as a Turkey-based affiliate firm that also made purchases tha

US imposes sanctions on Myanmar's military regime three years after coup

The US reiterated its call for the Myanmar military to change course and create space for meaningful and inclusive dialogue towards a future democratic Myanmar

Highlights of the day: 2 killed in clash between ethnic groups in Manipur

Catch all the latest updates from across the globe here

US pulls some of Venezuela's sanctions relief as court blocks oppn leader

The US government on Monday pulled back part of the sanctions relief it granted Venezuela last year, following through on its threat after the South American country's highest court blocked the presidential candidacy of an opposition leader. The Department of the Treasury gave companies transacting with Venezuela's state-owned mining company until February 13 to wind down operations. The department had allowed transactions with the mining company in October after the government of President Nicols Maduro reached an agreement with the US-backed opposition faction to work toward levelling the playing field ahead of the presidential election. On Friday, however, the prospect of a free presidential election was dealt a heavy blow when the country's highest court upheld a ban on the candidacy of Mara Corina Machado, a longtime government foe and winner of the primary held by the opposition. Machado, a former lawmaker, won the opposition's independently run presidential primary with more

US, 30 world leaders condemn ban on Venezuelan Oppn leader's candidacy

The US government and nearly 30 conservative world leaders on Saturday condemned the decision of Venezuela's highest court to block the presidential candidacy of opposition leader Mara Corina Machado. The Biden administration, however, remained noncommittal about reimposing economic sanctions on Venezuela, which it has threatened to do if the government of President Nicols Maduro failed to ensure a level playing field for the country's presidential election this year. "The United States is currently reviewing our Venezuela sanctions policy, based on this development and the recent political targeting of democratic opposition candidates and civil society," US State Department spokesman Matthew Miller said in a statement. Machado won a presidential primary held in October by the faction of the opposition backed by the US. She secured more than 90 per cent of the vote despite the Venezuelan government announcing a 15-year ban on her running for office just days after she formally enter

Biden govt pledges new sanctions over Houthi attacks on global shipping

The United States on Wednesday put Yemen's Houthis rebels back on its list of specially designated global terrorists, piling financial sanctions on top of American military strikes in the Biden administration's latest attempt to stop the militants' attacks on global shipping. Officials said they would design the financial penalties to minimize harm to Yemen's 32 million people, who are among the world's poorest and hungriest after years of war between the Iran-backed Houthis and a Saudi-led coalition. But aid officials expressed concern. The decision would only add "another level of uncertainty and threat for Yemenis still caught in one of the world's largest humanitarian crises, Oxfam America associate director Scott Paul said. The sanctions that come with the formal designation are meant to sever violent extremist groups from their sources of financing. President Donald Trump's administration designated the Houthis as global terrorists and a foreign terrorist organisation in one