Page 8 - Us Sanctions

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

US sanctions Gazprombank, 50 Russian banks & 15 officials over Ukraine war

The Biden administration had previously decided not to levy sanctions against the bank for fear of roiling global energy markets

'Democrats used human rights as political tool to win over Hindu-Americans'

Indian Americans are working to reach out to the new Trump administration and the Congress next year to seek action against the Bangladeshi regime, including imposing economic sanctions, an influential community leader has said. Encouraged by the recent statement of President-elect Donald Trump on Bangladesh, Dr Bharat Barai, an Indian American physician, exuded confidence that Trump would act against the South Asian nation over the persecution of the Hindu minority after he is sworn in as the 47th president of the United States. He (Trump) has made a bold statement about the persecution of Bangladeshi Hindus and the desecration of Hindu temples, Barai told PTI in an interview. "He's a bold person who might consider economic sanctions if the situation doesn't improve," he added. In Washington to attend the annual Diwali celebrations at the US Capitol, which was attended by over two dozen US lawmakers and Indian Americans from across the country, Barai said community members are ...

May ease tariffs if no harm to economy, says FM Nirmala Sitharaman

According to Sitharaman, she has the responsibility to protect existing domestic companies producing goods locally, while balancing the needs of those dependent on imports

SPIEF plays key role in increased Russia-India trade: Director Valkov

Forum director emphasises 'big potential' of rupee-rouble trade between both nations

India needs to navigate US sanctions on certain cos to safeguard biz: GTRI

India needs to carefully navigate the US sanctions imposed on certain Indian entities to protect their business interests and can engage diplomatically with America and other international bodies to seek remedies, think tank GTRI said on Friday. To prevent future sanctions, India may plan to tighten export controls, offer clearer business guidelines, and ensure stricter compliance, it said. On October 30, the US State Department and the Treasury's Office of Foreign Assets Control (OFAC) imposed sanctions on nearly 400 entities and individuals, including 19 Indian companies and two individuals, for allegedly supporting Russia's military activities in Ukraine. Then, on November 1, the US Department of Commerce added five Indian companies to its entity list for acquiring and redirecting US-made goods to Russia's defence sector, it said. "While unilateral sanctions imposed by the US are controversial under international law, the practical reality is that countries like India must navig

Russia sends 100 drones into Ukraine, as Zelenskyy urges more sanctions

Moscow sent 96 drones and a guided air missile into Ukraine overnight into Sunday, Ukrainian officials said. According to Ukraine's Air Force, 66 drones were destroyed during the overnight barrage, along with the missile. A further 27 drones were lost over various areas, it said, likely having been electronically jammed, while one drone flew into Belarusian airspace. No casualties were reported. Ukrainian President Volodymyr Zelenskyy said Sunday that Russia had launched around 900 guided aerial bombs, 500 drones and 30 missiles against Ukraine over the past week. Zelenskyy appealed Sunday on X to Ukraine's allies to provide long-range capabilities for our security, saying that these attacks would have been impossible if we had sufficient support from the world". Kyiv is still awaiting word from its Western partners on its repeated requests to use the long-range weapons they provide to hit targets on Russian soil, including for preemptive Ukrainian strikes on camps where North Korea

In touch with US to clarify issues: MEA on sanctions on Indian entities

In the wake of the US imposing sanctions on several individuals and entities, including from India, for allegedly supporting Russia's military-industrial base, the MEA Saturday said New Delhi is in touch with Washington to clarify issues. MEA spokesperson Randhir Jaiswal, in response to a query during his weekly briefing, also said India has a "robust legal and regulatory framework" on strategic trade and non-proliferation controls. "We are also a member of three key multilateral non-proliferation export control regimes," he added. "In keeping with India's established non-proliferation credentials, we are working with all relevant departments and agencies to sensitise Indian companies on applicable export control provisions as also inform them on new measures being implemented that could impact Indian companies in certain circumstances," Jaiswal said. The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's ...

US sanctions 15 Indian cos for supporting Russia's military-industrial base

The US has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base. Companies from China, Switzerland, Thailand, and Turkiye have also been slapped with sanctions for supplying Russia with advanced technology and equipment that it desperately needs to support its war machine, the Department of Treasury said in a statement on Thursday. In addition to disrupting global evasion networks, this action also targets domestic Russian importers and producers of key inputs and other material for Russia's military-industrial base, the statement said. The United States and our allies will continue to take decisive action across the globe to stop the flow of critical tools and technologies that Russia needs to wage its illegal and immoral war against Ukraine, Deputy Secretary of the Treasury Wally Adeyemo said. As evidenced by today's action, we are unyielding in our resolve to diminish and degrade Russia's ability t

US imposes sanctions on suppliers supporting Russia's war efforts

The sanctions also targeted more than two dozen Hong Kong-based entities for shipping components and microelectronics for use in Russia's defense industry

This pharma company from Mumbai may be helping Putin get Nvidia AI chips

But this inconspicuous pharmaceutical company is part of a lucrative trade in leading-edge technology to Russia that has the US and its European allies worried at India's burgeoning role