Stories tagged “Sanctions.”
30 stories
Latvia wants €7B from EU to cope with fallout from Russia’s war
Latvian Prime Minister Andris Kulbergs wants Brussels to hand over €7 billion to help cover the military and economic costs of confronting Russia. The money should come from the EU's next seven-year budget, under a new Competitiveness Fund, to offset higher defense spendi…
Iranian domestic experts have successfully fixed the damaged Azadegan oil facility, marking a significant milestone in the country's ability to execute complex energy projects independently. The project, which aims to raise production from 205,000 barrels per day to 550,0…
The US Treasury is exploring new economic pressures on Iran, including targeting Chinese banks and shadow fleets, to further isolate Tehran. This strategy risks worsening US-China tensions and increasing global oil prices.
Iranian President Masoud Pezeshkian announced that the country's oil revenues have been cut off and overall government income has decreased, attributing this to a US naval blockade and ongoing conflict. He warned of internal collapse and called for unity to address econom…
Iran’s Economy Is Buckling Under the Weight of War
Iran's economy is severely struggling under the burden of its regional military engagements and international sanctions, leading to a depreciating currency, high inflation, and a strained national budget.
Binance announced it will cease processing transactions for 11 crypto platforms, including HTX, starting August 23, citing recent regulatory developments.
World Athletics President Sebastian Coe has pledged to be present in court to defend his governing body's sanctions imposed on Russia. Russia's athletics federation has lodged a new claim at the Court of Arbitration for Sport (CAS) to challenge the World Athletics sanctions.
Iran has taken another step towards formalising its control of the Strait of Hormuz, as the US threatens unprecedented sanctions while struggling to sustain the war it launched alongside Israel. An Iranian parliamentary committee has approved the principles of a strategic…
Iran claims 'trillion-dollar' pollution damage as Gulf oil spills spread
Two major oil spills are affecting the Gulf region: one near Iran's Qeshm Island from a bulk carrier, and a larger one off Oman's coast from a sanctioned Russian tanker, leading Iran to claim "trillion-dollar" environmental damage.
Iran is set to join the BRICS New Development Bank, the country's central bank chief said Thursday, as Tehran seeks to shore up its economic alliances almost six months into its war with the U.S. and Israel.
China's Foreign Ministry Spokesperson Guo Jiakun addressed questions regarding the legal handling of Philippine citizens in China, reiterated China's territorial claims over the South Tibet region against India's renaming efforts, and condemned new US sanctions on Cuban e…
Ukraine Braces for Winter Power Crisis After Russian Strikes, Zelensky Says
Ukrainian President Volodymyr Zelensky warned that Ukraine faces a winter with virtually no working thermal power plants after overnight Russian strikes killed four people, including a three-year-old child.
Ukraine's President Volodymyr Zelenskyy warned that the country is facing a tough winter with virtually no working thermal power plants after overnight Russian strikes left four dead, including a child, in the Kyiv region.
Iran Says Hormuz Stays Closed Until U.S. Meets Six Sweeping Demands
Iran has stated that the Strait of Hormuz will remain closed until the United States meets six sweeping demands. The demands include the withdrawal of US troops from the region, the lifting of sanctions, and the recognition of Iran's sovereignty over its territorial waters.
US Senate passes sweeping sanctions targeting Russian energy revenues
The U.S. Senate overwhelmingly passed a bipartisan sanctions package targeting Russian energy revenues, aiming to deprive President Putin of funds for the war in Ukraine.
US Senate Approves Sweeping Russia Sanctions Bill Targeting Energy Income
The US Senate has approved a sweeping sanctions package targeting Russia's energy revenues, including Russian officials, oligarchs, financial institutions, and the so-called shadow fleet. The bill would allow President Donald Trump to set tariffs of up to 500% on Russian …
Iranian Air Force pilots conducted daring operations against US-run bases in West Asia without using GPS or INS, relying on map reading and basic navigation techniques.
Oil continued its rise on Friday amid further concerns around the opening of the Strait of Hormuz as Iran, working with Oman, suggested banning vessels deemed hostile from the strait and heavily fining those who violated the proposed rules.
The Indian Express published an article on August 6, 1986, discussing the Commonwealth summit's decision to impose fresh economic sanctions against South Africa, with India and five other nations agreeing to the move, while Britain refused to comply.
China's Ministry of Commerce announced countermeasures against six U.S. entities, including Applied DNA Sciences, Inc., prohibiting transactions and cooperation with them. This decision comes in response to U.S. sanctions against Chinese firms over alleged "forced labor" …
Russia Is Running Out of Soldiers, Oil, and Time
Russia is facing a severe crisis as it struggles to maintain its oil production, military strength, and time. The country's oil refining capacity has reached a 24-year low due to Ukraine's drone campaign, and its military is facing significant challenges. The situation is…
A new report argues that crypto privacy and compliance are not a zero-sum trade-off, with enforcement leverage sitting at fiat off-ramps. It documents protective uses including civilian access under sanctions, corporate confidentiality, and defense against physical coercion.
The US and Israel are reportedly examining a plan to blockade Iran by closing its land borders and restricting the passage of goods. However, this plan is unrealistic due to Iran's geographic position and its relationships with neighboring countries.
BBC research shows Iran's attacks have caused new damage to US military bases and civilian facilities in several Arab countries, despite Donald Trump's claim that Iran's military capabilities have been destroyed.
A 49-year-old man allegedly provided flag registration services in Singapore to a ship transporting prohibited items from North Korea. He and his company will be charged under the United Nations Act 2001.
Sudan: US Congress Weighs Landmark Sudan Bills to Tighten Sanctions and Accountability
The US Congress is considering two bills that could reshape Washington's policy towards Sudan by placing future action on the war under a stronger legal framework. The bills focus on peace efforts, accountability for atrocities, sanctions, and action against foreign actors.
The US Treasury has sanctioned two Iranian firms behind a scheme requiring vessels to buy IRGC-approved 'insurance' to transit the Strait of Hormuz. One of the firms, Hormuz Safe, accepts Bitcoin and other digital assets to evade sanctions.
United Nations extends sanctions against armed groups in Central African Republic
The United Nations Security Council has unanimously extended sanctions against armed groups and individuals in the Central African Republic until July 31, 2027, citing continued threats to stability.
The US has sanctioned Chinese and Hong Kong shipping companies accused of transporting Iranian oil to China, extending Washington's economic campaign against Tehran. The US Treasury Department identified eight companies, with six specifically accused of carrying Iranian c…
Oil prices surged 7% after US President Donald Trump threatened Iran, hours before the Federal Reserve's interest rate decision. The move comes as tensions between the US and Iran escalate, with the US imposing sanctions on Iranian oil exports.