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Sanctions News

Sanctions disrupt aid agencies in N. Korea

Pyongyang - Ramped-up international sanctions on North Korea have inadvertently disrupted the already challenging work of aid agencies there, those in the field say, with risk-averse banks refusing to transfer funds needed to keep operations running.

N. Korea threatens action over US anti-missile system

Seoul - North Korea threatened Monday to take "physical action" after Washington and Seoul announced they would deploy a sophisticated US anti-missile defence system to counter the growing menace from Pyongyang.

N. Korea says US sanctions on leader 'a declaration of war'

Seoul - North Korea said Friday that the new US sanctions targeting its leader Kim Jong-Un amounted to a "declaration of a war" and vowed to take strong retaliatory measures.

S. Korea welcomes U.S. blacklist for N. Korea leader

Seoul - Washington's move to place North Korean leader Kim Jong-Un on its sanctions blacklist for the first time was welcomed by South Korea Thursday, with Seoul saying it would highlight human rights abuses in the hermit state.

Russia's food embargo fires up counterfeit dairy industry

Moscow - The cottage cheese crackles like popcorn, emits a greyish smoke and finally goes up in flames, burning for an impressive ten minutes, like a well-oiled torch.

EU extends Russia sanctions to January 2017

Brussels - The European Union on Friday formally extended damaging economic sanctions against Russia by six months due to a lack of progress in resolving the conflict in eastern Ukraine.

EU approves 6-month Russia sanctions rollover

Brussels - EU ambassadors agreed to roll over damaging economic sanctions against Russia for six months in the absence of any progress on resolving the Ukraine conflict, European sources said Tuesday.

EU extends sanctions against Russia over Crimea

Brussels - The European Union on Friday rolled over for another year sanctions imposed to protest Russia's 2014 annexation of Crimea from Ukraine, which the bloc deems illegal.

Putin makes pitch for better Europe ties as economy suffers

Sanktpeterburg - Russian President Vladimir Putin on Friday said he was willing to reach out to Europe to mend relations shattered by the Ukraine crisis but insisted the West was responsible for the bad blood.

Juncker warns Russia on sanctions, meets Putin

Sanktpeterburg - EU Commission head Jean-Claude Juncker warned Russia Thursday that the 28-nation bloc will only lift its sanctions if the Kremlin fully implements a Ukraine peace deal.

Putin to meet EU, UN leaders at key Russian economic forum

Sanktpeterburg - Russian President Vladimir Putin will look to refashion himself as a more reliable partner for the West as Moscow struggles to come in from the cold at its flagship economic forum in Saint Petersburg.

US acts to further isolate North Korea from global banking

Washington - The United States took steps Wednesday to further lock North Korea out of the world financial system as it officially labeled the country a "global money laundering concern.

Expect no sanctions reprieve from Russia visit — Juncker

Paris - European Commission chief Jean-Claude Juncker on Tuesday warned against expecting any announcement on the lifting of EU sanctions on Russia when he visits the country in mid-June.

EU further tightens sanctions on North Korea

Brussels - The European Union on Friday further tightened sanctions against North Korea over nuclear and ballistic missile tests carried out in defiance of UN Security Council resolutions.

Myanmar welcomes U.S. move to ease more sanctions

Yangon - A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi's civilian government said Wednesday, welcoming the move.

U.S. puts Libyan speaker on sanctions blacklist

Washington - The United States placed the speaker of Libya's internationally-recognized parliament Aguila Saleh on its sanctions blacklist Friday, saying he has blocked attempts to strengthen the new UN-backed unity government.

Iran to sue U.S. over court seizure of $2 bn in frozen funds

Tehran - Iran is preparing international legal action to recover nearly $2 billion that the US Supreme Court has ordered be paid as compensation to American victims of terror attacks, President Hassan Rouhani said on Tuesday.

World Bank keeps its distance from Iran, despite lifted sanctions

Washington - The World Bank aims to eradicate global poverty, but its push stops at the Iranian border despite the easing of sanctions against Tehran and the country's pressing economic needs.

South Korea, Japan, U.S. warn Pyongyang over possible nuclear test

Seoul - South Korea, Japan and the United States on Tuesday warned North Korea of harsher sanctions and deeper isolation if it went ahead with a fifth nuclear test or other provocations.

EU 'imposes sanctions' on Libyans for obstructing peace process

Brussels - EU member states agreed Thursday to impose sanctions on three Libyan figures for obstructing the peace process and the formation of a government of national unity in the war-torn country, sources said.

China telecom giant ZTE says it expects lifting of U.S. curbs

Shanghai - Chinese telecommunications giant ZTE said Tuesday it expects the United States to lift restrictions on its business, amid talks with Washington over allegations it violated trade sanctions against Iran.

Obama moves to implement U.S. sanctions on North Korea

Washington - US President Barack Obama signed an order Wednesday implementing UN-backed sanctions on North Korea after a nuclear test and missile launch this year, as Pyongyang promised reprisals.

EU to extend sanctions on individuals over Ukraine to Sept: Sources

Brussels - The European Union will extend for a further six months until September sanctions against Russian and Ukrainian individuals over the conflict in Ukraine, EU sources said on Wednesday.

South Korea says North hacked official phones, unveils sanctions

Seoul - South Korea on Tuesday accused North Korea of hacking the smartphones of government officials, and unveiled new sanctions on Pyongyang over its recent nuclear test and long-range rocket launch.

N. Korea sanction loopholes give China room for manoeuvre: Analysts

Bejing - New United Nations sanctions against nuclear-armed North Korea are being touted as the "toughest ever", but loopholes leave plenty of room for Pyongyang's key economic supporter China to continue business as usual, analysts and diplomats said Thursday....

Obama says world has sent N.Korea a 'message' with new sanctions

Washington - US President Barack Obama hailed the adoption of UN Security Council sanctions against North Korea, saying it sent a "simple message" that Pyongyang must abandon its weapons of mass destruction programs.

UN set to toughen North Korea sanctions

New York - The UN Security Council was expected to approve on Wednesday a new raft of tough sanctions on North Korea to punish the reclusive regime after its fourth nuclear test and rocket launch.

UN Security Council to vote Tuesday on N. Korea sanctions

New York - The UN Security Council will vote Tuesday on a US-drafted resolution imposing a raft of new sanctions on North Korea following its nuclear test and rocket launch, US diplomats said.

U.S., China agree on UN N. Korea resolution: diplomats

New York - The United States and China have agreed on a draft resolution imposing fresh sanctions on North Korea and the Security Council could vote on the measure in the coming days, diplomats said.

Russia plans return to Mars, Moon despite money woes

Moscow - Visitors are rare these days to the museum of Russia's Space Research Institute in Moscow even though it holds gems like the model of the Soviet Lunokhod, the first ever space rover to land on the Moon, in 1970.
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