he U.S. Treasury Department has imposed sanctions on three maritime companies based in the United Arab Emirates (U.A.E.) and three vessels owned by the companies for shipping Russian oil sold above a price cap imposed by the world’s major economies to reduce the amount of oil revenue Moscow has to fund its war in Ukraine....
The Biden administration said on Friday it has imposed new trade restrictions on 93 entities from Russia, China, Turkey, the United Arab Emirates, Kyrgyzstan, India and South Korea for supporting Russia’s war effort in Ukraine. The action, one day before the second anniversary of Russia’s invasion of Ukraine, essentially bans U.S. shipments to the targeted...
Iran is one of the Middle East’s most politically important countries and its central government has transformed significantly over the past century. Once a monarchy, Iran became an Islamic republic in 1979, but its elected presidents ultimately ceded authority to the Rahbar, a theocratic Supreme Leader. Iran’s authoritarian government and association with terrorist groups have often forced...
The United States Treasury Department has put three more shipping companies based in the United Arab Emirates under sanction accusing them of carrying Russian oil priced above war-induced ceilings imposed by Washington and its allies. Oil Tankers SCF Mgmt FZCO, Talassa Shipping DMCC and Zeenit Supply and Trading DMCC, as well as Liberia-based NS Leader...
Venezuela on Thursday ordered the U.N. human rights office in Caracas to shut down all operations, ordering the staff to leave the country within three days. During a news conference, Foreign Affairs Minister Yvan Gil announced the decision, saying that the office had played an “inappropriate role” and had become the “private law firm of...
The U.S. on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is Treasury’s first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the U.S. Treasury now considers blocked property. U.S. firms...
Its government seems eager to exacerbate problems, only then to present itself as a reasonable arbiter. It is a fireman-arsonist. Who in their right mind would support Mohamed Hamdan Dagalo, the camel-trading Sudanese general who rose through the ranks during the genocide in Darfur? What kind of government would provide arms to his Rapid Support...
The US Treasury and State Departments sanctioned more than 250 companies and individuals in China, Turkey and the United Arab Emirates, alleging that their continuing support for Russia has been crucial to sustaining its invasion of Ukraine. The measures take aim at what the US agencies calls Russia’s procurement network, a loose coalition of companies...
The US Treasury department has imposed sanctions on three shipowners based in the United Arab Emirates, accusing them of exporting Russian crude oil priced above the $60 per barrel limit set by the G7 and Australia.The move by Washington comes as it tries to increase enforcement of the Russian oil price cap following evidence that...
The new sanctions announced by the UK Foreign Ministry target 29 individuals and companies operating in and supporting Russia’s gold, oil and strategic sectors. Britain sanctioned on Wednesday a network of companies based in the United Arab Emirates (UAE) that it accuses of being responsible for channeling more than $300 million in gold revenues to...