Page 4 - Us Sanctions

US revokes foreign terrorist designation of Syria's HTS

HTS was labelled a terrorist group by the US in 2018 because of its previous connections to al-Qaeda. However, in late January, it was disbanded and the fighters were integrated into Syrian military

Trump signs executive order ending US sanctions on Syria: White House

President Donald Trump signed an executive order on Monday ending US sanctions on Syria, following through on his promise to do so. White House press secretary Karoline Leavitt said the move was designed to promote and support the country's path to stability and peace". Sanctions will remain in place on ousted former president Bashar Assad, his top aides and family. The executive order is meant to end the country's isolation from the international financial system, setting the stage for global commerce and galvanising investments from its neighbours in the region, as well as from the United States", Treasury's acting under secretary for terrorism and financial intelligence, Brad Smith, told reporters on a call Monday to preview the administration's action. The White House posted the text of the order on X after the signing, which was not open to the press. The US granted Syria sweeping exemptions from sanctions in May, which was a first step toward fulfilling the Republican ...

Russia tries again to boost LNG exports stalled by US sanctions last year

Russia has the pieces in place to meaningfully boost LNG exports as it expands its shadow fleet

Trump claims he saved Iran's Khamenei from 'ugly and ignominious death'

Donald Trump has claimed that he saved Iran's Supreme Leader during the Israel conflict. However, he dropped sanction relief after hostile Iranian statements

US sanctions Palestinian NGO, others over alleged ties with militant groups

The US Treasury Department on Tuesday imposed sanctions on a major Palestinian legal group for prisoners and detainees along with five other charitable entities across the Middle East, Africa and Europe, accusing them of supporting militant groups, including Hamas' military wing, under the pretense of humanitarian aid in Gaza. Those sanctioned include Addameer, a nongovernmental organisation that was founded in 1991 and is based in the city of Ramallah in the Israeli-occupied West Bank. The Palestinian group provides free legal services to Palestinian political prisoners and detainees in Israeli custody and monitors the conditions of their confinement. The federal government claims that Addameer has long supported and is affiliated with the Popular Front for the Liberation of Palestine, a secular, left-wing movement with a political party and an armed wing that has carried out deadly attacks against Israelis. Israel and the United States have labelled the PFLP a terrorist ...

US imposes sanctions on El Chapo's fugitive sons, offers $10 mn bounty

The United States on Monday imposed sanctions on the two fugitive sons of incarcerated Mexican Sinaloa Cartel leader Joaquin "El Chapo" Guzman and announced a reward offer of up to USD 10 million each for information leading to the arrest or conviction of the men. The US Treasury Department announced sanctions on Archivaldo Ivan Guzman Salazar and Jesus Alfredo Guzman Salazar who are believed to be currently located in Mexico. Guzman's other sons Joaquin Guzman Lopez and Ovidio Guzman Lopez are currently incarcerated in the United States. In May, federal prosecutors announced they would not seek the death penalty for Joaquin Guzman Lopez if he is convicted of multiple charges in Chicago. Sanctions were also imposed on a faction of the Sinaloa cartel known as the "Chapitos," or little Chapos, which has been identified as a main exporter of fentanyl to the US as well as a regional network of Chapitos associates and businesses based in Mazatlan, Mexico, that allegedly engage in drug

US sanctions on Russia likely to cripple India's crude oil imports

Russian grades constituted around 39% of India's oil imports in May

'Microsoft & Zoom should be throttled': Putin bats for 'Atmanirbhar Russia'

Putin says Microsoft and Zoom should be restricted in Russia as part of a push to develop domestic software, amid ongoing sanctions and tensions with the West over Ukraine

EU weighs cutting 20 lenders from SWIFT under new Russia sanctions

A decision on timing of potential restrictions has yet to be taken

US imposes sanctions on companies it says sent Iranian oil to China

The network facilitated the shipment of oil worth billions of dollars to China on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy, Treasury said

Sanctions relief in sight? Syria's al-Sharaa may offer Trump key deals

Syria is reportedly offering to build Trump Tower in Damascus, propose peace with Israel and grant US firms access to resources in bid to lift sanctions

Indian Oil pauses Russia oil deal talks, says not related to US sanctions

Indian Oil Corporation had a term deal with Russia, which expired in March 2023 and has not been renewed since

US imposes sanctions on Chinese refinery accused of buying Iranian oil

The Treasury Department imposed sanctions Wednesday on a Chinese refinery accused of purchasing more than USD 1 billion worth of Iranian oil, saying the proceeds help finance both Tehran's government and Iran's support for militant groups. The sanctioned refinery in China's Shandong province received dozens of shipments of crude oil from Iran worth more than USD 1 billion, the Trump administration said. Some of the petroleum came from a front company for Iran's paramilitary Revolutionary Guard, U.S. authorities said. Officials also announced that several companies and vessels involved in the shipments were added to the sanctions list. The new penalties were imposed by the Office of Foreign Assets Control and follow earlier efforts by the administration to disrupt the flow of Iranian oil, which authorities say is carried by Iran's shadow fleet." The United States has already penalized dozens of individuals and vessels involved in the shipments. Any refinery, company, or broker that

Trump's new tariffs target dozens; but why is Russia off the hook?

Despite this exemption, trade between the US and Russia remains higher than with countries like Mauritius and Brunei, which were included on President Trump's list

Oil steadies near $75 as market weighs Trump tariffs, sanctions on Russia

Trump on Sunday said that he was very angry with Russian President Vladimir Putin and would impose secondary tariffs of 25 per cent to 50 per cent on Russian oil buyers

NYT report on HAL re-routing restricted tech to Russia incorrect: Report

A report in The New York Times linking a company that is part of a British aerospace major to a state-run Indian defence firm claiming that the latter has ties with a Russian arms agency is "factually incorrect" and "misleading", official sources said on Monday. The report suggested that military hardware supplied by the British firm to the Indian company may have found its way to the Russian agency Rosoboronexport. The report has "tried to frame issues and distort facts to suit a political narrative", the sources said, adding the media outlet "overlooked" basic due diligence. "The Indian entity mentioned in the report has scrupulously followed all its international obligations on strategic trade controls and end-user commitments," said a source. "India's robust legal and regulatory framework on strategic trade continues to guide overseas commercial ventures by its companies," it said. "We expect reputed media outlets to undertake basic due diligence while publishing such reports,

Zelenskyy calls on US to sanction Russia after fresh drone strikes

Moscow said Ukraine had tried to attack a gas storage facility in Russian-occupied Crimea and energy infrastructure in Russia's Kursk and Bryansk regions. It did not report any damage

Unable to repatriate earnings, Rosneft looks for an exit from Nayara Energy

Reliance Industries, Adani Group, and JSW Group may be among potential buyers of Rosneft's 49.13% stake in Nayara Energy

Oil prices rise after US sanctions on Iran, escalated tensions in West Asia

The US on Thursday issued new Iran-related sanctions, targeting one individual and several entities including a Chinese "teapot" oil refinery for purchasing and processing Iranian crude oil

US quietly tightens sanctions on Russia as it seeks ceasefire deal

Trump administration quietly let expire a license covering payments for energy to a handful of Russian banks that were still allowed to receive payments in US dollars