Page 3 - Us Sanctions

EU imposes new sanctions on Russian energy, joins US in pressure campaign

The EU will also tighten a transaction ban on two major Russian oil companies and sanction 117 additional so-called shadow fleet vessels

US sanctions on Russian oil to hit Reliance; PSUs may keep buying

US sanctions against two of Russia's largest oil companies are expected to impact Reliance Industries' crude imports from Russia, while state-run refiners may continue purchases through intermediary traders for now. Industry sources said public-sector units are assessing compliance risks but are unlikely to halt Russian crude flows immediately as they buy almost all of their needs from traders, mostly European (who are out of the sanctions net). Billionaire Mukesh Ambani's Reliance Industries Ltd - India's largest buyer of Russian crude, accounting for roughly half of the country's 1.7 million barrels per day of imports from Moscow - may however have to recalibrate its imports as it buys crude oil directly from Russia's Rosneft, they said. Reliance had in December 2024 signed a term deal with Russia's Rosneft - now sanctioned - to import as much as 500,000 barrels per day of Russian oil for 25 years. It also buys oil from intermediaries. The company did not immediately respond to

India's Russian oil imports may dry up as US sanctions hit Rosneft, Lukoil

Latest sanctions will mean that orders due to be placed over the coming week - for crude that will load in November and deliver in December - will now be overwhelmingly from other destinations

US imposes new sanctions on Russia's top oil firms Rosneft and Lukoil

Treasury Secretary Scott Bessent announced new sanctions Wednesday against Russia's two biggest oil companies and blasted Moscow's refusal to end its senseless war as U.S.-led efforts to end the war floundered and the Ukrainian president sought more foreign military help. The sanctions against Rosneft and Lukoil, as well as dozens of subsidiaries, followed months of bipartisan pressure on President Donald Trump to hit Russia with harder sanctions on its oil industry. Now is the time to stop the killing and for an immediate ceasefire, Bessent said in a statement. Given Russian President Vladimir Putin's refusal to end this senseless war, Treasury is sanctioning Russia's two largest oil companies that fund the Kremlin's war machine. Bessent said the Treasury Department was prepared to take further action if necessary to support Trump's effort to end the war. We encourage our allies to join us in and adhere to these sanctions. Bessent made the comments as NATO Secretary General Mark .

Dark ship appears to transfer US sanctioned Russian LNG off Malaysia

The Perle, which was sanctioned by the US earlier this year, is currently anchored parallel to another vessel approximately 90 kilometers (55 miles) east of the Malaysian peninsula

US sanctions 50 entities, including Indian firms, over Iran oil trade

The US Treasury has sanctioned over 50 individuals, companies, and vessels, including Indian firms, for facilitating Iranian oil and LPG exports to China, Pakistan, and other countries

US sanctions Serbia's main oil supplier, which is controlled by Russia

The United States has introduced sanctions against Serbia's main oil supplier, which is controlled by Russia, the company said on Thursday. Serbia almost entirely depends on Russian gas and oil supplies, which it receives mainly through pipelines in Croatia and other neighbouring states. The gas is then distributed by Petroleum Industry of Serbia (NIS), which is majority-owned by Russia's state oil monopoly Gazprom Neft. NIS said Thursday it had failed to secure another postponement of the US sanctions, which could jeopardise its efforts to secure oil and gas deliveries in a longer term. The special license from the US Department of the Treasury, which enables unhindered operational business, has not yet been extended, NIS said in a statement. It added that it has stored enough supplies to keep the operation moving for customers for a longer while. It also said problems could occur at NIS gasoline stations with payment made by foreign bank credit cards but added that that cash ...

From oil to pistachios: How barter trade is reshaping global commerce

Several Middle Eastern and Asian economies, including China, Pakistan, and Iran, are turning to barter trade to avoid the impact of secondary sanctions

Europe, Asia roll out the welcome mat for Indian talent amid US curbs

With the US tightening immigration, countries such as Germany, Japan, Singapore and Russia are looking to attract more Indian students and skilled workers

India urges US to ease Iran oil sanctions to offset reduced Russian imports

New Delhi's representatives traveled to the US for talks after Washington imposed crushing tariffs on the country in punishment for its oil trade with Russia

US sanctions 2 Indians for supplying counterfeit fentanyl-laced pills

The US treasury department has sanctioned two Indians and an online pharmacy for selling counterfeit fentanyl-laced pills, blocking their assets and warning of tough action on drug traffickers

Hope we can fix it, says Rubio on US tariffs on India for Russian oil buy

The White House has imposed a cumulative 50 per cent tariffs on Indian goods, including a 25 per cent penalty for New Delhi buying Russian oil

US sanctions wife of Brazilian judge over Bolsonaro case, revokes visas

The US government has sanctioned the wife of the Brazilian Supreme Court justice who led the investigation into former President Jair Bolsonaro, who was sentenced this month to 27 years in prison for attempting a coup in the South American nation. The Trump administration also revoked the US visa of another Brazilian official, Solicitor-General Jorge Messias, who criticized the decision on his social media channels. The wife of Justice Alexandre de Moraes, Viviane Barci de Moraes, was sanctioned under the Global Magnitsky Act used by the United States against human rights abusers. Her husband was targeted by the same measure as he oversaw the case against Bolsonaro. This is the latest chapter in a unilateral wave of attacks from the Trump administration against Brazil, which includes sanctions against other authorities and tariffs of 50% on many of the country's exports to the U.S. Local media also reported that other judges who worked with de Moraes at the Supreme Court had also l

US revokes Chabahar sanctions waiver, India faces impact on port deal

The decision of the US government to revoke the 2018 sanctions waiver with regard to strategic Iranian port of Chabahar will have implications for India, which is engaged in the development of a terminal at the port. The US Department of State in a statement said that in consistent with President Trump's maximum pressure policy to isolate the Iranian regime, it has revoked the sanctions exception issued in 2018 under the Iran Freedom and Counter-Proliferation Act (IFCA) for Afghanistan reconstruction assistance and economic development, effective September 29, 2025. "Once the revocation is effective, persons who operate the Chabahar Port or engage in other activities described in IFCA may expose themselves to sanctions under IFCA," the statement said. India will be impacted by this decision, as it is involved in development of a terminal at the Chabahar port on the Gulf of Oman. On May 13, 2024, India signed a 10-year contract to operate the port that will help it expand trade with

Adani Group ports to bar vessels facing sanctions from the US, UK, and EU

The move to block sanctioned vessels comes amid heightened scrutiny of global shipping, driven by US tariffs on Russian crude and the ongoing Russia-Ukraine war

Sanctions on nations buying Russian oil can hurt Moscow economy: Bessent

US Treasury Secretary Scott Bessent on Sunday said that the Russian economy will collapse if Washington and the European Union impose more secondary sanctions on countries that buy crude oil from Moscow. Bessent, in an interview to NBC News, said that President Donald Trump and Vice President J D Vance had a very productive call with President of the European Commission Ursula von der Leyen, who followed up with a call with him on Friday and they discussed what the US and European Union (EU) could do to put more pressure on Russia. The Trump administration has imposed an additional 25 per cent tariff on India for its purchases of Russian oil on top of the 25 per cent reciprocal tariffs announced earlier, bringing the total duties imposed on New Delhi to 50 per cent, with effect from August 27. The treasury secretary said the US is prepared to increase pressure on Russia, but we need our European partners to follow us. We are in a race now between how long can the Ukrainian military

Imposed tariffs on India over Russian oil imports: US govt to Supreme Court

The Trump administration has told the US Supreme Court that it imposed tariffs against India for purchasing Russian energy products "to deal with a preexisting national emergency regarding Russia's war in Ukraine and as a "crucial aspect" of the President's push for peace in the country. Trump has imposed 25 per cent reciprocal tariffs on India and an additional 25 per cent levies for Delhi's purchases of Russian oil, bringing the total duties imposed on India to 50 per cent, with effect from August 27. In a 251-page appeal to the Supreme Court, submitted Wednesday, the Trump administration said that the President recently authorised IEEPA (International Emergency Economic Powers Act) tariffs against India for purchasing Russian energy products, to deal with a preexisting national emergency regarding Russia's war in Ukraine, as a crucial aspect of his push for peace in that war-torn country. The appeal further states that the stakes in this case could not be higher. The President an

Sanctions-hit refiner Nayara in talks with Indian govt to sustain ops

The private refiner, majority-owned by Russian companies including Rosneft, was sanctioned by the EU last month as part of a package targeting entities linked to Russian oil

SBI halts Nayara's overseas transactions over Russia sanctions risk

State Bank of India (SBI) stops Nayara Energy's overseas transactions to avoid possible US and EU sanctions linked to Russian ownership, as banks grow cautious

US tariff impact: Trump's trade moves could dent India's oil bill savings

State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered