Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
Clothing Wholesaler Ordered to Pay Nearly $10.4 Million for Violating U.S. Drug Trafficking Sanctions and for Customs Fraud
LOS ANGELES – A Paramount-based clothing wholesale company was fined $4 million, ordered to pay $6,390,781 in restitution, and placed on probation for five years for undervaluing imported garments in a scheme…
Venezuela’s PDVSA authorizes first two oil cargoes to India after sanctions relief
By Marianna Parraga HOUSTON (Reuters) -Venezuelan state oil company PDVSA has assigned loading windows this month to two vessels bound for India under crude spot deals with Italy’s ENI and U.S.-based Chevron…
US says it’s ready to ‘pause’ sanctions relief for Venezuela unless further progress seen
By Matt Spetalnick and Steve Holland WASHINGTON (Reuters) -The White House said on Friday it was prepared to “pause” sanctions relief for OPEC member Venezuela in coming days unless there is further…
US puts sanctions on 21 people, entities for aiding Iran
WASHINGTON (Reuters) – The U.S. Treasury Department said on Wednesday it had imposed sanctions on 21 Iranian and foreign nationals and entities for their involvement in financial networks to benefit Iran’s defense…
Russia’s SPB Exchange clients to get a third of FX funds back after US sanctions
MOSCOW (Reuters) – Russia’s SPB Exchange, which specialises in trading foreign shares, said on Tuesday it would transfer almost a third of clients’ funds held in foreign currency to them in roubles,…
Iraq’s Kataeb Hezbollah says attacks aim to ‘drain’ US, sanctions ‘ridiculous’
By Timour Azhari BAGHDAD (Reuters) – Iraq’s Kataeb Hezbollah (KH) militia, a powerful armed faction with close ties to Iran, brushed off U.S. sanctions on the group over attacks against U.S. forces…
US issues sanctions targeting Iran-aligned militia groups it says behind attacks
By Daphne Psaledakis and Phil Stewart WASHINGTON (Reuters) -The United States on Friday issued sanctions targeting Iran-aligned militia groups, accusing them of being involved in attacks against the United States and its…
Russia’s Avtovaz sees 10% lower Lada production in 2023 due to U.S. sanctions -Ifax
MOSCOW (Reuters) – Russia’s largest carmaker Avtovaz said it had lowered its production forecast for Lada cars due to U.S. sanctions imposed in September, Interfax news agency reported on Friday. The company…
Biden Admin Extends Sanctions Waiver Freeing Up $10 Billion For Iran
Biden Admin Extends Sanctions Waiver Freeing Up $10 Billion For Iran Jake Smith on November 14, 2023 The Biden administration is extending a sanctions waiver that will allow Iran continued access to…
Biden’s Chip Sanctions Are Not Effective Against China, Congressional Report Says
Biden’s Chip Sanctions Are Not Effective Against China, Congressional Report Says Jason Cohen on November 14, 2023 President Joe Biden’s semiconductor sanctions are not sufficiently preventing China from gaining access to the…
EU plan for new Russia sanctions to go to members this week – Borrell
BRUSSELS (Reuters) – European Union officials are finalising the “last details” of a proposed 12th package of sanctions on Russia that will include a diamond ban, EU foreign policy chief Josep Borrell…
StanChart fails to avoid trial over US sanctions non-compliance
LONDON (Reuters) – Standard Chartered lost its battle on Wednesday to exclude from a trial allegations it broke U.S. sanctions against Iran in a “more widespread and systematic” way than it previously…
Oil traders race to negotiate deals after US eases Venezuela sanctions
By Marianna Parraga, Laura Sanicola and Arathy Somasekhar HOUSTON (Reuters) – Global energy traders are emerging as early buyers of Venezuela’s stocks of crude and fuel oil following last week’s easing of…
Venezuela, opposition to sign election deal, paving way for US sanctions relief
By Deisy Buitrago, Vivian Sequera and Matt Spetalnick CARACAS/WASHINGTON (Reuters) – Venezuelan President Nicolas Maduro’s government is set to sign an agreement with the country’s opposition on Tuesday that could pave the…
US, Venezuela to announce oil sanctions deal on Tuesday -report
WASHINGTON (Reuters) – The Biden administration and Venezuelan President Nicolas Maduro’s government are expected to announce a deal on Tuesday that would ease U.S. sanctions on Caracas’ oil industry while opening up…
U.S. has initial deal with Venezuela for sanctions easing if elections conditions agreed-sources
BOGOTA (Reuters) – The United States has reached a preliminary deal with Venezuela to ease sanctions if President Nicolas Maduro follows through on a commitments related to a 2024 election, two U.S.…
US considers dropping sanctions against Israeli billionaire Dan Gertler – WSJ
(Reuters) – The United States has considered a plan to drop sanctions against Dan Gertler, an Israeli mining magnate accused of corruption, the Wall Street Journal reported on Wednesday, citing people familiar…
Niger cuts 2023 budget by 40% as post-coup sanctions bite
NIAMEY (Reuters) – Niger has cut its planned spending for 2023 by 40% because of international sanctions imposed after the military took power in a July coup, further hobbling the economy in…
California Man Pleads Guilty to Violating Iran Sanctions and Tax Evasion
OAKLAND, CA – The U.S. Attorney’s Office announced today that Farhad Nafeiy, 70, of Alamo, California, pleaded guilty to violating U.S. sanctions against Iran and to tax evasion. The plea was accepted…
StanChart argues for cutting ‘systemic’ sanctions busting claims from lawsuit
By Sam Tobin LONDON (Reuters) – Standard Chartered sought on Tuesday to persuade a London court to remove from an investor lawsuit allegations that it broke U.S. sanctions against Iran in a…
Russia ramps up China yuan payments for imports amid sanctions -EBRD
By Jorgelina do Rosario LONDON (Reuters) – The share of Russia’s imports invoiced in Chinese yuan soared to 20% in 2022 from 3% a year earlier after its invasion of Ukraine unleashed…
Exclusive-China’s Trina Solar plans $400 million Vietnam plant after US sanctions – sources
By Francesco Guarascio HANOI (Reuters) – Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that…
Ex-Venezuela oil minister’s pilot pleads guilty to violating US sanctions
By Luc Cohen NEW YORK (Reuters) – A U.S. pilot pleaded guilty on Tuesday to violating American sanctions by transporting former Venezuelan oil minister Tareck El Aissami, whom Washington accuses of drug…
US sanctions authority delayed KFC’s Russia exit -franchise owner
By Elena Fabrichnaya MOSCOW (Reuters) – A U.S. sanctions authority delayed for months KFC’s exit from Russia this year after commenting on an “exit tax” for departing foreign firms when the deal…
U.S. imposes fresh Russia-related sanctions on dozens of entities
WASHINGTON (Reuters) – The United States has imposed fresh Russia-related sanctions on dozens of entities, a notice posted to the Treasury Department website on Thursday showed. (Reporting by Doina Chiacu; editing by…
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