Page 6 - Us Sanctions

What is International Criminal Court, how will Trump's sanctions impact it

US President Donald Trump's executive order imposing sanctions on the International Criminal Court could jeopardise trials and investigations at the world's only permanent global tribunal for war crimes and genocide. The order Trump signed Thursday accuses the ICC of illegitimate and baseless actions targeting America and our close ally Israel. It cites the arrest warrant the ICC issued last year for Israeli Prime Minister Benjamin Netanyahu and his former defence minister, Yoav Gallant, over alleged war crimes in Gaza. The Hague-based court condemned the move. The Court stands firmly by its personnel and pledges to continue providing justice and hope to millions of innocent victims of atrocities across the world, the court said in a statement. What is the International Criminal Court? The court was created in 2002 to be a last stop for the most serious international crimes: war crimes, crimes against humanity, genocide and aggression. The United States and Israel are not members,

Will continue to counteract any scheme aimed at evading US sanctions: Rubio

Rubio emphasised that the seizure of Venezuelan aircraft demonstrates the US's determination to hold Nicolas Maduro's regime accountable for its illegal activities

Trump signs order imposing sanctions on ICC over investigations of Israel

President Donald Trump on Thursday signed an executive order imposing sanctions on the International Criminal Court over investigations of Israel, a close U.S. ally. Neither the U.S. nor Israel is a member of or recognizes the court, which has issued an arrest warrant for Israeli Prime Minister Benjamin Netanyahu for alleged war crimes over his military response in Gaza after the Hamas attack against Israel in October 2023. Tens of thousands of Palestinians, including children, have been killed during the Israeli military's response. The order Trump signed accuses the ICC of engaging in illegitimate and baseless actions targeting America and our close ally Israel" and of abusing its power by issuing baseless arrest warrants against Netanyahu and his former defense minister, Yoav Gallant. The ICC has no jurisdiction over the United States or Israel, the order states, adding that the court had set a dangerous precedent with its actions against both countries. Trump's action came as .

US imposes sanctions on individuals, tankers shipping Iranian oil to China

The move comes after US President Donald Trump earlier this week vowed to bring Iran's oil exports to zero as the US tries to prevent the country from obtaining a nuclear weapon

Iran calls for Opec to unite against potential US crude sanctions

Iran's oil minister Mohsen Paknejad told Al Ghais that imposing unilateral sanctions on crude producers would destabilise energy markets

Marco Rubio approves some foreign aid waivers to Trump's spending halt

Rubio had provided waivers for food assistance as well as some salaries and administrative expenses

Russia oil trade with China, India stalls as sanctions drive up costs

Washington imposed fresh sanctions on Jan 10 targeting Russia's oil supply chain, causing tanker freight rates to soar as some buyers and ports in China and India steered clear of sanctioned ships

Russian oil refining increases as US sanctions disrupt crude exports

Russian refining runs rose by 2 per cent, or by 108,000 barrels, to 754,800 metric tons a day on Jan 15-19 from the first week of the year, according to the sources

Bharat Petroleum struggles to get Russian crude cargoes for March

India's second-biggest refiner has been relying on Russian barrels, which are at least $3 per barrel cheaper than dated Brent, for about a third of its feedstock

No major impact of US sanctions on Russia, oil to remain stable: IOC chief

Any further sanctions against Russia will not have any impact on India's crude oil requirements and the global prices should remain stable in the USD 75-80 per barrel range, as all sanction fears have already been factored in, Indian Oil Chairman Arvinder Singh Sahney said on Thursday. Speaking to PTI here during the World Economic Forum Annual Meeting, he also said there are several energy sources that can be tapped to meet India's energy requirements in case of any eventuality. Asked about the Indian participation at Davos, Sahney said it feels great to see India with a big presence here. "It helps as so many global corporates we can meet here at a single place. We can exchange ideas with all of them, and that's good for the company and economy as a whole," he added. On Donald Trump's second US presidency and its impact on India, he said it should be positive for the energy sector because "he has emphasised that we have to produce more energy and we are not averse to more energy

Amid US sanctions, oil buyers pull all levers to replace Russian shipments

As Indian companies begin talks with Saudi Arabia and Abu Dhabi this week, traders say discussions between refiners and the OPEC producers will be tense

Middlemen halted Russian oil offers after US sanctions: Indian refiner

The refiner on average gets 16-17 cargoes of Russian oil in a month, which cover about 35% of its needs

Govt widens approvals for Russian insurers after US oil sanctions

As Soglasie isn't blacklisted by any western nation, the new permit provides a safe option for tanker operators that haul Russian barrels to India

Indian Oil to rebalance crude buying after US sanctions on Russia

Before Russia's war in Ukraine, India used to buy less than 2 per cent of its total oil imports from Moscow. However, the volume surged to almost 45 per cent in the middle of last year

India should reciprocate if US imposes duties on domestic goods: Experts

India should respond with equal measures if the newly elected US President Donald Trump would impose higher tariffs on domestic goods, trade experts say. They noted that India has previously implemented retaliatory customs duties on several US products, such as apples, in response to what it deemed "illegal" tariffs imposed by America on certain steel and aluminium products. In December last year, Trump has said India charges "a lot" of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products. "India should respond firmly and in equal measures," economic think tank Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. In 2018, when the US taxed Indian steel and aluminium, India retaliated by raising tariffs on 29 US products, recovering equivalent revenue. "This measured response showed India's capability to protect its trade interests while staying balanced," Srivastava

Indian refiners seek crude after US sanctions disrupt Russia oil supply

The tenders come more than a week after Washington announced sweeping sanctions targeting Russian producers and tankers

India's fraying Gulf oil ties get a fillip on US' sanctions on Russia

State-run refiners plan to renew or enhance optional volumes under existing contracts, struck on a fiscal basis, despite higher sourcing costs

New restrictions on AI chips into India but growth remains unaffected

The US restrictions are part of global tech wars and the third globalisation, aimed at hindering China's access to AI technologies

How TikTok grew from a fun app to potential national security threat in US

If it feels like TikTok has been around forever, that's probably because it has, at least if you're measuring via internet time. What's now in question is whether it will be around much longer and, if so, in what form? Starting in 2017, when the Chinese social video app merged with its competitor Musical.ly, TikTok has grown from a niche teen app into a global trendsetter. While, of course, also emerging as a potential national security threat, according to US officials. On April 24, President Joe Biden signed legislation requiring TikTok parent ByteDance to sell to a US owner within a year or to shut down. TikTok and its China-based parent company, ByteDance, filed a lawsuit against the US, claiming the security concerns were overblown and the law should be struck down because it violates the First Amendment. The Supreme Court on Friday unanimously upheld the federal law banning TikTok beginning Jan 19 unless it's sold by ByteDance. Here's how TikTok came to this juncture: -- Mar

US restrictions on exports of AI chips likely to hurt India by 2027

Under the proposed rules, 18 countries -- including close US allies such as the UK, Canada, Germany, Japan, and South Korea -- will enjoy unrestricted access to chips for verified companies