Latest in Tag: Sanctions Highlight
Latest in Tag: Sanctions
BDS calls on Netflix to drop Israeli show
Thriller show Fauda has been criticised for glorifying Israeli violence
Sanctions are what truly keep bankers awake at night
The pressing issues for banks today are many. Apart from known concerns like capital and figuring out how to comply with the requirements of Basel III, I see that the enforcement of sanctions and embargoes is the nightmare that is really keeping bankers awake at night. Let’s start with the obvious. Sanctions and embargoes are …
Sanctions to be applied in January to US citizens abroad
Penalties range from imprisonment to revoking nationally; anyone with a minimum of $10,000 in their bank accounts is subject to the law
Putin orders economic sanctions against Turkey over downing of jet
Vladimir Putin has approved a raft of economic sanctions against Turkey in retaliation for the downing of a Russian warplane by Turkish forces. The move came after Turkey’s Erdogan expressed regret over the incident. President Putin on Saturday signed a decree which bans the import of some Turkish products and forbids Russian firms from hiring …
US sanctions businessman buying oil from ‘Islamic State’, Al-Assad supporters
The US has slapped sanctions on a number of individuals accused of supporting Syria’s government. The blacklisted names include a “middleman” who buys oil from “Islamic State” and the head of the World Chess Federation
Iran showdown in Congress damages US credibility
The White House has secured enough support in the Senate to successfully veto a resolution that would “disapprove” of the Iran nuclear deal. But it is a hollow victory, as a presidential veto could damage US credibility. The votes have been tallied. At least 34 US Senators will support the Iran nuclear deal, and back …
Iran president visits Turkey hoping to fix troubled ties
Rouhani will meet his Turkish counterpart Abdullah Gul and Prime Minister Recep Tayyip Erdogan in Ankara, where the powerful neighbours are expected to discuss security concerns as well as trade opportunities.
Pakistan’s Sharif set to visit Iran amid strained ties
Relations between the neighbours hit a low following the kidnapping by Pakistani Sunni extremists of five Iranian border guards from Iran’s Sistan-Baluchestan province in February.
West struggles for winning formula on Russian sanctions
Some of the Western bankers, money managers and oil traders who help keep that money moving are unconvinced sanctions will have a truly significant effect.
US revives ‘Iron Curtain’ policies in Ukraine showdown: Russia
The Russian foreign ministry warned the sanctions were “absolutely counterproductive” and were driving the crisis towards “a dead end”
Group of Seven agrees swift sanctions against Kremlin over Ukraine
The United States and Europe have prepared fresh sanctions on Russia they could activate as soon as April 18 over the crisis in Ukraine, where tensions spiked as rebels detained an international team of military observers.
Obama vows Western unity ahead of Ukraine crisis summit
Obama then headed to The Hague where he has called an emergency Group of Seven summit to discuss what steps to take in the worst East-West standoff since the Cold War.
Russian sanctions ripple through corporate boardrooms
Denmark’s foreign ministry held a special briefing for about 130 companies, including drugs firm Novo Nordisk and brewer Carlsberg on Friday after being inundated with inquiries about the business implications of the crisis.
Next Iran nuclear talks set for February 18 in Vienna
Iran has insisted repeatedly that its nuclear programme is peaceful, but in an atmosphere of complete distrust, the West applied ever tighter sanctions seriously impacting its economy.
Iran to get first $550m of blocked funds in February
The money is being unblocked under a landmark deal, set to take effect starting 20 January, that curbs parts of Iran’s disputed nuclear program in exchange for sanctions relief.
Iran says nuclear talks with world powers to resume on Thursday
Technical talks – expected to involve nuclear as well as sanctions experts – will restart on 19 December and are meant to translate the political deal into a detailed plan of action for how to put it into practice.
Iran President Rouhani targets stagflation in first budget
Analysts say soaring inflation is due to increasingly tough economic sanctions and mismanagement by former president Mahmoud Ahmadinejad.
Israel rejects mooted Iran nuclear deal, Kerry heads to talks
Netanyahu: Israel is not obliged by this agreement and Israel will do everything it needs to do to defend itself and the security of its people
The EU arms ban on Egypt: a regional response for a limited change?
By Justina Poskeviciute On 21 August, EU foreign ministers called for an emergency meeting in Brussels as a response to the turmoil seen on the streets of Cairo. The EU states have suspended arms export licences for any military equipment that could be potentially used for internal repressions by the Egyptian military. The context in …
Sanctions have worked; time to act on Iran is now
By Dr CĂ©sar Chelala As Iran economy’s is reeling and Iran’s President Hassan Rouhani is showing every sign of interest in reaching an agreement with the West on its nuclear program, it seems high time to reach an agreement with Iran. Such an agreement would eliminate one of the most troubling hot spots in the Middle East and will serve as an example …
US House backs new sanctions before Iran inauguration
Advocates of diplomacy have suggested that the United States should use the departure of Ahmadinejad as a chance to seek engagement with Iran, instead of maintaining a rigid posture
Iran’s election augurs a better future
By Cesar Chelala Hassan Rowhani’s election as the new Iranian president bodes well not only for that country but for the world as well, tired of the senseless rhetoric of the former president Mahmoud Ahmadinejad. When, at a campaign speech, Mr Rowhani stated, “We have no option other than moderation,” he was also defining what …
UN adds Syrian militants Al Nusra to sanctions list
The group, a feared force battling President Bashar al-Assad, is now subject to an international asset freeze and arms embargo
Iran, an increasingly burning issue for world powers
Iran is accused by Western and Arab countries which back rebels fighting al-Assad of supplying weapons and sending military forces to the Syrian military, in a conflict that has claimed some 94,000 lives since 2011.
Iranian tankers funneling Syrian oil through Suez
Despite Morsi’s repeated calls for support for Syrian rebels, Syrian oil is funnelled out of Syria through the Suez
Ahmadinejad: Iran must alter strategy to counter sanctions
Estimated at around $5 bn per month according to experts, the loss in oil revenues has led to a contraction of the 2013/2014 budget being prepared by the government, according to some MPs.
Iran president sacks cabinet’s sole woman
The minister had proposed price hikes for a number of medicines but Ahmadinejad was opposed to the price rises and dismissed the minister
EU tightens financial noose on Iran with new sanctions
Under the package, the EU bans all transactions between European and Iranian banks unless authorised in advance by national authorities.
Striking workers keep Al-Sokhna Port closed
Trade offices request ships carrying Chinese goods to be re-routed to Port Said and Damietta
Iran’s economy sags under sanctions
Ayatollah Ali Khamenei ordered Iran to adopt an “economy of resistance”