Page 7 - Us Sanctions

Latest sanctions on Russia may cut off access to discounted crude

Govt hopes there will be no shortage, no disruption for 6-8 weeks, say official sources

US sanctions on Russian oil supply chain pose challenge for Indian refiners

India's slowing economy is most exposed to the latest bans because refiners must pay much more to purchase alternative crudes from West Asia in the short term

Widening net: New US sanctions to affect supply of Russian energy

Two large producers and exporters have been brought into the sanctions net: Surgutneftegas and Gazprom Neft

Two Indian firms sanctioned by US for 'aiding' Russia's Arctic LNG project

The US has announced sanctions on two Indian firms for allegedly aiding Russia's Arctic LNG 2 project, in violation of its energy curbs aimed at crippling Moscow's revenue streams amid the Ukraine war

Will continue oil, gas projects despite US sanctions, says Russian govt

A ministry statement also said that Russia would respond to Washington's "hostile" actions, announced on Friday, while drawing up its foreign policy strategy

Last-minute sanctions imposed on Russia to help Ukraine, says Biden

The United States on Friday imposed massive sanctions on Russia, targeting its energy sector, to help Ukraine maintain its independence and fight against Moscow, outgoing US President Joe Biden said Friday. Ten days before passing on the baton to Donald Trump, the Biden Administration on Friday slapped sanctions on scores of companies and entities that were helping Russia in its export of energy, in particular gas. Two of those companies were from India. The sanctions are imposed today because they will have a profound effect on the growth of the Russian economy and make it more difficult for Putin to conduct his wars. "It is probable that gas prices could increase as much as USD 0.03 to USD 0.04 a gallon, but that's going to have a more profound impact on Russia's ability to continue to act in the way it's acting in the conduct of war, Biden said in response to a question. I already decided that Putin's in tough shape right now. I think it's really important that he does not have

Indian refiners eye windfall from Urals oil drop: Will motorists benefit?

Indian refiners may face a windfall this year from falling Urals oil rates even as US levies sanctions on Russian firms. Will motorists benefit?

Here's why developing nations are leading trade investigation against China

China faced record 160 trade investigations in 2024, with developing nations leading the pushback over overcapacity concerns; India, EU, and Brazil top the list of initiators

China's Shandong Port bans US-sanctioned tankers from calling into its port

The province imported about 1.74 million barrels per day (bpd) of oil from Iran, Russia and Venezuela last year, accounting for about 17 per cent of China's imports

Chinese tech giants Tencent, CATL protest US listings as army-linked cos

The US Defence Department has added dozens of Chinese companies, including games and technology company Tencent, artificial intelligence firm SenseTime and the world's biggest battery maker CATL, to a list of companies it says have ties to China's military, prompting some to protest and say they will seek to have the decision reversed. The US has in recent years sought to restrict sharing of advanced technology, including semiconductors and artificial intelligence, deeming it to be a threat to national security. The Defence Department updates its list of Chinese Military Companies, or CMC list, annually. With the latest revision it includes 134 companies. The National Defence Authorisation Act of 2024 bans the Department of Defence from dealing with the designated companies beginning in June 2026. Tencent's Hong Kong-traded shares fell 7.3 per cent on Tuesday and the company said it would initiate a reconsideration process to correct this mistake, seek talks with the Defence ...

US eases restrictions on Syria to allow aid, keep sanctions in place

The US on Monday eased some restrictions on Syria's transitional government to allow the entry of humanitarian aid after Islamist insurgents ousted Syrian leader Bashar Assad last month. The US Treasury issued a general license, lasting six months, that authorizes certain transactions with the Syrian government, including some energy sales and incidental transactions. The move does not lift sanctions on the nation that has been battered by more than a decade of war, but indicates a limited show of US support for the new transitional government. The general license underscores America's commitment to ensuring its sanctions do not impede activities to meet basic human needs, including the provision of public services or humanitarian assistance, a Treasury Department statement reads. Treasury Deputy Secretary Wally Adeyemo said his agency "will continue to support humanitarian assistance and responsible governance in Syria. Since Assad's ouster, representatives from the nation's new

China protests US sanctions for its alleged role in hacking incidents

China has slammed a decision by the US Treasury to sanction a Beijing-based cybersecurity company for its alleged role in multiple hacking incidents targeting critical US infrastructure, while the Chinese cyber security agency complained Monday of attacks on Chinese networks. Asked about the sanctions against Beijing-based Integrity Technology Group, Chinese Foreign Ministry spokesperson Guo Jiakun said the country has cracked down on cyber attacks and that Washington was using the issue to defame and smear China. For some time now, the US side has been playing up so-called Chinese cyber attacks and has even initiated illegal unilateral sanctions against China, Guo said. China firmly opposes this and will take necessary measures to safeguard its legitimate rights and interests. Integrity Technology Group said the move by Washington had no factual basis. The company firmly opposes the U.S. Treasury Department's unwarranted accusations and Illegal unilateral sanctions on the company,

US imposes sanctions on China's Integrity Tech for hacking critical infra

China-based hackers working for Integrity Tech, known to the private sector as Flax Typhoon, were working at the direction of the the China government, targeting critical infrastructure in the US

Atlantic Navigation from India sanctioned for trade of Iranian petroleum

India-based Atlantic Navigation OPC Private Limited was slapped with American sanctions on Thursday on charges of trade of Iranian petroleum and petrochemicals. The United States imposed sanctions on Thursday on four entities and three vessels involved in the trade of Iranian petroleum and petrochemicals, which generate billions of dollars' worth of revenue for the Iranian regime, the Department of Treasury said. "Iran continues to rely on its shadowy network of vessels, companies and facilitators to finance the development of its nuclear programme, the proliferation of its weapons systems and support to its proxies," said Acting Under Secretary for Terrorism and Financial Intelligence Bradley T Smith. Simultaneously, the Department of State also imposed sanctions on four entities engaged in the Iranian petroleum trade and identified six vessels as blocked property. Iran's oil exports are enabled by a network of illicit shipping facilitators in multiple jurisdictions who, through ..

Reliance resume oil swap with Venezuela's PDVSA under US licence: Report

A supertanker carrying about 1.9 million barrels of Venezuelan Merey heavy crude departed earlier this month for India's Sikka port

US lawmaker seeks sanctions against Bangladesh over human rights violations

Expressing a sense of urgency on the escalating crisis of human rights violations in Bangladesh, an influential American Congressman called on the US Departments of Treasury and State on Wednesday to impose and enforce sanctions on those perpetrating these heinous acts against minorities in the South Asian country. "I call on the Departments of Treasury and State to impose and enforce sanctions on those perpetrating these heinous acts against minorities in Bangladesh," Indian American Congressman Shri Thanedar said in front of the US Capitol on Wednesday afternoon in the presence of Hindu Americans who had come from various parts of the country. Since July, he said, Bangladesh has experienced a spike in political violence, leading to the resignation and departure of former prime minister Sheikh Hasina. "Since then, we have seen Bangladesh plunge into political turmoil, with its Hindu, Buddhist and Christian minorities bearing the brunt of violent acts towards their people and places

Won't do business with countries that don't accept back migrants: Trump

US President-elect Donald Trump outlines aggressive immigration policy, promises mass deportation using military force, trade sanctions on uncooperative nations

Russia to boost AI clout despite West's sanctions, says Sberbank's Dy CEO

Sberbank is spearheading AI development in Russia, which currently ranks 31st of 83 countries by AI implementation

US imposes sanctions on 35 entities, vessels for transporting Iranian oils

The United States on Tuesday imposed sanctions on 35 entities and vessels, including two from India, for transporting Iranian oil to other countries. The two India-based entities are Vision Ship Management LLP that manages and operates the PHONIX, and Tightship Shipping Management (OPC) Private Limited. Entities and vessels from the United Arab Emirates, China, Liberia, China, Hong Kong among others have also been slapped with sanctions. In a statement, the Department of Treasury said this action imposes additional costs on Iran's petroleum sector following Iran's attack against Israel on October 1, as well as Iran's announced nuclear escalations, building upon the sanctions issued on October 11. Petroleum revenues provide the Iranian regime with the resources to fund its nuclear program, develop advanced drones and missiles, and provide ongoing financial and material support for the terrorist activities of its regional proxies, it said. Acting Under Secretary for Terrorism and ..

China's chip industry faces new US sanctions amid rising tech tensions

US plans to blacklist 200 Chinese firms, including Huawei partners, in the latest export curbs targeting chip equipment suppliers