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Sanctions News

US asks UN to cut off oil products to North Korea

New York - The United States asked the UN Security Council on Thursday to order an immediate halt to all deliveries of refined oil products to North Korea after accusing Pyongyang of violating sanctions with illegal imports of fuel, according to documents seen by...

US demands world halt Iranian oil imports by Nov 4

Washington - The United States warned Tuesday that countries around the world must stop buying Iranian oil before November 4 or face a renewed round of American economic sanctions.

Myanmar sacks top general involved in Rohingya crackdown

Yangon - Myanmar's military said it sacked a top general who was named in fresh EU sanctions against security officials accused of serious rights violations in the Rohingya crisis, including killings and sexual violence.

EU sanctions Venezuelan VP, 10 others over election abuses

Luxembourg - The EU on Monday hit the Venezuelan vice-president and 10 other officials with sanctions over rights abuses and irregularities in the re-election of President Nicolas Maduro, which the bloc condemned as "neither free nor fair".

EU extends Crimea sanctions for another year

Apo - The European Union on Monday rolled over for another year tough sanctions imposed over Russia's 2014 annexation of Crimea from Ukraine.

Russia says UN should consider sanctions relief for N. Korea

New York - The UN Security Council should consider steps toward lifting sanctions on North Korea following its agreement with the United States to scrap its nuclear program, Russia's UN ambassador said Wednesday.

Outed by UN, N.Korean front company hides in plain sight

Kuala Lumpur - Being labelled by the UN a sanctions-busting front for North Korea would prompt most companies to adopt a lower profile -- but military equipment supplier Glocom is refusing to take the hint.

Putin says EU should lift sanctions

Vienna - Russian President Vladimir Putin said Tuesday the Europan Union should end damaging sanctions against Moscow imposed over the Ukraine crisis and its annexation of Crimea."The sanctions and all the restrictions imposed for political reasons...

UN ratchets up sanctions threat on South Sudan

New York - The UN Security Council on Thursday gave South Sudan's warring sides a month to reach a peace deal or face possible sanctions.A resolution drafted by the United States narrowly won backing in the 15-member council, picking up nine votes.

EU to 'swiftly' hit Venezuela with sanctions over election

Apo - EU foreign ministers on Monday agreed to "swiftly" adopt new sanctions against Venezuelan officials involved in Nicolas Maduro's re-election, which they said "lacked any credibility".

India to ignore US sanctions on Iran, Venezuela: minister

New Delhi - India will keep trading with Iran and Venezuela despite the threat of fallout from US sanctions against the two countries, Foreign Minister Sushma Swaraj said Monday.

Rusal shakes up board to slip out of US sanctions

Moscow - Half of the board of Rusal resigned on Thursday as the Russian aluminium giant scrambled to avoid US sanctions targeting its founder Oleg Deripaska.

UN asks oil traders to shore up sanctions on North Korea

New York - UN sanctions experts are asking global commodity trading firms and oil companies to spell out what measures they are taking to prevent illegal oil shipments from reaching North Korea, the panel's coordinator said Tuesday.

Venezuela accuses US of 'political and financial lynching'

Caracas - Venezuela said Tuesday it was the victim of a "political and financial lynching" after the United States tightened sanctions on Caracas over Nicolas Maduro's re-election.

'No alternative' to Iran deal, EU's Mogherini tells US

Apo - The EU's foreign policy chief warned Monday there was "no alternative" to the Iran nuclear deal, after US Secretary of State Mike Pompeo vowed unprecedented sanctions against Tehran following Washington's withdrawal from the pact.

EU moves to shield EU firms from US sanctions against Iran

Apo - The EU launched formal steps Friday aimed at sparing European firms fallout from US sanctions on Iran as part of efforts to preserve the nuclear deal with Tehran.

Sanctions to intervention: US options after 'sham' Venezuela vote

Washington - The Trump administration has said it will not sit idly by in the face of Venezuelan leader Nicolas Maduro's "dictatorship."But what will it do after Sunday's presidential elections which it has denounced as a "sham"?

US Iran sanctions to target auto, aircraft sectors first: French govt source

Paris - The United States will re-establish sanctions against Iran progressively, kicking off with the automobile and civil aviation sectors, a source close to the French government said on Tuesday.

Iran says EU has 'differing values' but dialogue should continue

Tehran - Iran said Monday that EU sanctions over its human rights record were due to "differing values" but that they should not derail dialogue with Europe.

US to impose new Russia sanctions over Syria: Haley

Washington - The United States will impose new sanctions on Russia over an alleged chemical attack by the Syrian regime of President Bashar al-Assad, US ambassador to the United Nations Nikki Haley said Sunday.

Aluminium giant Rusal shares collapse after US sanctions

Moscow - Shares in Russian aluminium giant Rusal collapsed on Monday after Washington targeted it with sanctions, putting the metals major at risk of defaulting on part of its debt.

Aluminium giant Rusal share price halved after US sanctions

Moscow - Russian aluminium giant Rusal saw its share price nearly halved on the Hong Kong stock exchange Monday after Washington placed it under sanctions, putting the metals major at risk of defaulting on part of its debt.

China plans to hit US soybeans, planes as trade war looms

Bejing - China Wednesday unveiled plans to hit major US exports such as soybeans, cars and small aircraft with retaliatory tariffs worth $50 billion in an escalating trade duel between the world's two top economies.

US identifies $50 bn in Chinese imports facing tariffs

Washington - US officials published Tuesday a list of $50 billion in Chinese imports set to be targeted by US tariffs, the latest move in President Donald Trump's simmering trade confrontation with Beijing.

UN blacklists dozens of ships, businesses over N. Korea smuggling

New York - The UN Security Council on Friday blacklisted 27 ships, 21 companies and a businessman for helping North Korea circumvent sanctions, as the United States keeps up pressure on Pyongyang despite its recent overtures toward talks, diplomats said.

Tough talk on global trade escalates as Trump claims results

Bejing - The US and China's top economic officials agreed by phone Saturday to "continue to communicate" on trade issues, Chinese state media said, as President Donald Trump pledged his escalating trade showdown would get results despite pushback from Europe an...

US charges Iranians in massive hacking scheme

Washington - The United States unveiled charges on Friday against nine Iranians for their alleged involvement in a massive state-sponsored hacking scheme which targeted hundreds of universities in the US and abroad and stole "valuable intellectual property and data...

US imposes sanctions on Iranians for hacking

Washington - The United States imposed sanctions on Friday on 10 Iranians and an Iranian company for alleged hacking of hundreds of universities in the US and abroad and the theft of "valuable intellectual property and data.

China threatens US with tariffs, says 'not afraid of trade war'

Bejing - China warned the United States on Friday that it was "not afraid of a trade war" as it threatened tariffs on $3 billion worth of US goods in retaliation over President Donald Trump's moves against Chinese imports.

Trump to impose tariffs on $50 bn in Chinese imports: White House

Washington - President Donald Trump will impose tariffs on about $50 billion in Chinese goods imports to retaliate against the alleged theft of American intellectual property, White House officials said Thursday.
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