Page 2 - Us Sanctions

US sanctions propel Chinese AI prodigy Chen Tianshi to $23 bn fortune

Chen's rise underscores how China's robust support for its domestic AI industry is minting a new class of state-aligned tech elites just a few years after it cracked down on its private-sector titans

Bill to sanction Russia's trading partners would get my backing, says Trump

The bill would allow Trump to impose tariffs of up to 500 per cent on imports from countries that buy Russian energy products and are not actively supporting Ukraine

Court blocks new US curbs on immigrants seeking commercial driving licences

The Transportation Department's new restrictions that would severely limit which immigrants can get commercial driver's licences to drive a semitrailer truck or bus have been put on hold by a federal appeals court. The court in the District of Columbia ruled Thursday that the rules Transportation Secretary Sean Duffy announced in September a month after a truck driver not authorised to be in the US made an illegal U-turn and caused a crash in Florida that killed three people can't be enforced right now. The court said the federal government didn't follow proper procedure in drafting the rule and failed to articulate a satisfactory explanation for how the rule would promote safety. The court said the Federal Motor Carrier Safety Administration's own data shows that immigrants who hold these licences account for roughly 5% of all commercial driver's licences but only about 0.2% of all fatal crashes, the court said. Duffy has been pressing this issue in California because the driver i

Third of Russian seaborne oil exports stuck amid US sanctions: JPMorgan

The US set a November 21 deadline to wind down all dealings with Rosneft and Lukoil, in the first direct sanctions imposed on Russia by President Donald Trump since the start of his second term

US sanctions entities in Myanmar, Thailand for fraudulent investment scams

Americans lost at least $10 billion in 2024 to Southeast Asia-based online scam operations, a 66 per cent increase from the prior year, Department of State said

US sanctions 32 entities, individuals from several nations including India

The US on Wednesday announced sanctions against 32 entities and individuals from several countries, including India and China for links to Iran's ballistic missile programme. The US state department said the action is in line with President Donald Trump's efforts to counter Iran's aggressive development of missiles and other asymmetric and conventional weapons. The US is today sanctioning 32 entities and individuals based in Iran, China, Hong Kong, the United Arab Emirates, Turkiye, India, and other jurisdictions that operate multiple procurement networks supporting Iran's ballistic missile and unmanned aerial vehicle (UAV) production, it said. It said the action supports the reimposition of UN sanctions and restrictive measures on Iran in September response to the country's "significant non-performance" of its nuclear commitments. US Under Secretary of the Treasury (terrorism and financial intelligence) John K Hurley said Iran exploits financial systems across the globe to launder

US grants Hungary exemption on Russia sanctions after Trump-Orban meeting

Last month, Trump imposed Ukraine-related sanctions on Russian oil companies Lukoil and Rosneft that carried the threat of further sanctions

Trump hints at easing Russian oil sanctions on Hungary, cites war toll

Speaking at a joint meeting with Hungarian Prime Minister Viktor Orban, Trump said the US is "looking at" Orban's request for an exemption from the Russian oil sanctions imposed last month

Gunvor Group scraps Lukoil deal after US calls it Kremlin 'puppet'

Gunvor pushed back on the Treasury comment on social media, calling it "fundamentally misinformed and false"

Russia's crude exports tumble as US sanctions hit key Asian buyers

Russian exporters are continuing to load crude onto tankers, but refiners are less willing to take the cargoes into their storage tanks

Russian crude finds fewer takers in China after hit from sanctions

State-owned giants such as Sinopec and PetroChina Co. are staying on the sidelines, having canceled some Russian cargoes in the wake of US sanctions on Rosneft PJSC and Lukoil PJSC last month

Indian Oil resumes Russian oil purchases from non-sanctioned entities

IOC's head of finance, Anuj Jain, has said his company will continue to buy Russian oil if the barrels are in compliance with sanctions

India-bound tanker carrying Russian crude makes u-turn in Baltic Sea

The Furia was moving westward in a strait between Denmark and Germany when it turned around on Tuesday and sailed for a short distance before slowing down drastically, ship-tracking data showed

After US sanctions, Russia's oil major Lukoil to sell overseas assets

The US Office of Foreign Assets Control has imposed a deadline of Nov 21 for the company to wind down its businesses abroad or face hefty penalties

Buy or Sell? How to trade Reliance, ONGC, OMC shares amid Russian oil ban

Crude Oil prices have soared 7% in the last two weeks following fresh US sanctions on Russian oil imports. Back home, shares of oil exploration and marketing companies look favourably placed on charts

Govt refiners eye smaller oil suppliers after US sanctions Rosneft, Lukoil

India has been balancing the risk of secondary sanctions - and the need to secure a trade deal with the US - against the risks that come with allowing much-needed ties to Russia to fray

Zelenskyy urges US to widen sanctions on Russia, seeks long-range missiles

Ukrainian President Volodymyr Zelenskyy on Friday urged the United States to expand sanctions on Russian oil from two companies to the whole sector, and appealed for long-range missiles to hit back at Russia. Zelenskyy was in London for talks with two dozen European leaders who have pledged military help to shield his country from future Russian aggression if a ceasefire stops the more than three-year war. The meeting hosted by British Prime Minister Keir Starmer aimed to step up pressure on Russian President Vladimir Putin, adding momentum to recent measures that have included a new round of sanctions from the United States and European countries on Russia's vital oil and gas export earnings. The talks also addressed ways of helping protect Ukraine's power grid from Russia's almost daily drone and missiles attacks as winter approaches, enhancing Ukrainian air defenses, and supplying Kyiv with longer-range missiles that can strike deep inside Russia. Zelenskyy has urged the U.S. to

US imposes sanctions on Colombian Prez, his family over drug trade claims

The Trump administration imposed sanctions Friday on Colombian President Gustavo Petro, his family and a member of his government over accusations of involvement in the global drug trade, sharply escalating tensions with the leftist leader of one of the closest US allies in South America. The Treasury Department levelled the penalties against Petro; his wife, Veronica del Socorro Alcocer Garcia; his son, Nicolas Fernando Petro Burgos; and Colombian Interior Minister Armando Alberto Benedetti. Petro has allowed drug cartels to flourish and refused to stop this activity, Treasury Secretary Scott Bessent said in a statement. President Trump is taking strong action to protect our nation and make clear that we will not tolerate the trafficking of drugs into our nation. The move ramps up a growing clash between the Republican US president and Colombia's first leftist leader, notably over deadly American strikes on alleged drug-carrying boats off South America. This week, the Trump ...

Russian oil may flow to India through loopholes despite new US sanctions

Trump announced fresh sanctions on two of Russia's largest oil companies in a bid to stop the Ukraine war. But this is not likely to spell the end of Russian oil flows to India, a major buyer

RIL to adjust refinery operations after US sanctions Russian oil firms

Reliance also agreed to follow EU guidelines on imports of refined oil products into Europe amid widening sanctions on Russian crude trade