According to a report from the Iranian media, Iran’s Revolutionary Guards Corps has seized a South Korean-flagged tanker in Gulf waters and has detained its crew. The development comes in the wake of South Korean banks freezing Iranian funds following… Read More ›
sanctions
U.S. sanctions coming over Hong Kong crackdown : Sources
According to three sources familiar with the matter at hand, Washington is preparing to impose sanctions on at least 12 Chinese officials over their alleged role in disqualifying elected legislators in Hong Kong. The move is likely to be formally… Read More ›
UK weighs economic sanctions against China over Beijing continued breach of Hong Kong treaty
Following China breaking its bilateral treaty with Britain with the imposition of its draconian measures garbed through its new security laws on Hong Kong, Britain stated it is considering the imposition of sanctions against it as part of its response… Read More ›
Berkshire Hathaway Inc pays $4.14M to settle non-compliance to U.S. sanctions against Iran
In a statement the U.S. Treasury Department said, Berkshire Hathaway Inc had agreed to pay a sum of $4.14 million to settle civil allegations that its Turkish subsidiary had made “egregious” violations and was non-compliant with U.S. sanctions against Iran…. Read More ›
Washington likely to impose sanctions on Iran’s financial sector
According to a Republican congressional aide briefed on the matter at hand, the United States plans on imposing fresh sanctions on Iran’s financial industry. The development comes ahead of a key U.S. election. The move is likely to shut out… Read More ›
Turkey will face sanctions if provocative unilateral actions don’t stop: EU
On Friday, having attended a meeting of the 27-nation EU’s leaders, European Commission President Ursula von der Leyen stated, the bloc could impose sanction on Turkey if it continues its acts of “provocations and pressures” in the East Mediterranean. “We… Read More ›
HSBC & StanChart among other financial institutions transferred more than $2 trillion of illicit money
On Monday, shares of Standard Chartered’s and HSBC in Hong Kong fell vertically following media reports that the two banks along with other banks transferred large sums of allegedly illicit funds for nearly two decades despite the transfers being red… Read More ›
U.S. adds fortitude to U.S.-China relations with passage of Uighur Act of 2019
In a development that signals further delays towards resolving the U.S.-China trade war, the U.S. House of Representatives has overwhelmingly voted a bill that requires U.S. President Donald Trump to toughen its response to China’s genocide of its Muslim minorities…. Read More ›
Measure of effectiveness of U.S. trade tariffs against China
In a development that underscores the measure of effectiveness of U.S sanctions on China’s economy, a Chinese newspaper the Global Times has reported citing sources with direct knowledge of the trade talks that Beijing’s top priority in the phase one… Read More ›
Trump signs into law 2 legislations backing Hong Kong
In a significant development, U.S. President Donald Trump has signed into law a congressional legislation which backs the pro-democracy uprising in Hong Kong despite objections from China. The development midst Washington and Beijing trying to hammer out a deal to… Read More ›