Page 5 - Us Sanctions

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

Russian oil supplies to India may recover in March after 3-month decline

India, the No 2 importer of crude from Russia, has said it would buy Russian oil only if it is supplied by companies and ships that have not been sanctioned by the United States

US will intensify sanctions on Russia, Iran: Treasury secy Scott Bessent

Sanctions on Russia "will be used explicitly and aggressively for immediate maximum impact" at President Donald Trump's guidance, Bessent told an audience at the Economic Club on New York

Trump pauses aid to Ukraine, may reduce sanctions on Russia: All we know

The decision to pause Ukraine's military aid comes days after US President Donald Trump's televised Oval Office blowout with his counterpart Volodymyr Zelenskyy

US sanctions four Indian firms: What are the charges, and what happens now?

US sanctions four Indian firms for allegedly transporting Iranian oil, citing a covert network fueling Tehran's destabilising activities

US imposes more sanctions on Iranian oil after Trump's call of zero exports

The US on Monday imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran and its support for militant groups that launch attacks against the US and its allies. The US Treasury and the US State departments sanctioned more than 30 people and ships, including the heads of Iran's National Iranian Oil Co, and the Iranian Oil Terminals Co, for their role in brokering the sale and transportation of Iranian oil. The sanctioned ships move crude oil valued in the hundreds of millions of dollars, according to the Treasury. This is the second round of sanctions imposed on Iranian oil sales since President Donald Trump issued the National Security Presidential Memorandum 2, which calls for the US to drive Iran's export of oil to zero. It also states that Iran can never be allowed to acquire or develop nuclear weapons. At the time of the memo's signing in February, Trump said from the Oval ..

US becomes India's 5th largest crude oil supplier in Jan as imports surge

Widened sanctions on Moscow by Western countries including the United States have roiled global oil trade and forced buyers of discounted Russian crude to find new ways to maintain their purchases

Huawei's tri-foldable phone hits markets in show of defiance amid US curbs

Huawei on Tuesday held a global launch for the industry's first tri-foldable phone, which analysts said marked a symbolic victory for the Chinese tech giant amid US technology curbs. But challenges over pricing, longevity, supply and app constraints may limit its success. Huawei said at a launch event in Kuala Lumpur that the Huawei Mate XT, first unveiled in China five months ago, will be priced at 3,499 euros (USD 3,662). Although dubbed a trifold, the phone has three mini-panels and folds only twice. The company says it's the thinnest foldable phone at 3.6 millimetres (0.14 inches), with a 10.2-inch screen similar to an Apple iPad. Right now, Huawei kind of stands alone as an innovator" with the trifold design, said Bryan Ma, vice president of device research with the market intelligence firm International Data Corporation. Huawei reached the position despite not getting access to chips, to Google services. All these things basically have been huge roadblocks in front of Huawei,

Indian refiners work to build sanctions-proof supply chain for Russian oil

Some are existing outfits that have not been impacted by the punitive measures, while others are newly created, replacing those that are now off-limits

US sanctions should not hinder oil trade with India: Russian official

India became the top buyer of Russian sea-borne oil sold at a discount after Western nations imposed sanctions on Moscow and curtailed energy purchases in response to Russia's invasion of Ukraine

US funding freeze hampers investigations into Russian war crimes in Ukraine

Two of the listed projects were funded by USAID, three by the Bureau of International Narcotics and Law Enforcement and one directly by the Department of State, the document showed