Sanctions

US Slaps Sanctions on Dozens of Russian Banks over Ukraine War

The United States unveiled sanctions on dozens of Russian banks Thursday, including the largest remaining one yet to face such action, over the war in Ukraine. The move taking aim at financial institutions and officials "will further diminish and degrade Russia's war machine," Treasury Secretary Janet Yellen said in a statement. "This sweeping ...

New European and British Sanctions on Iran Over Support for Russia

Iran's foreign ministry Tuesday slammed as unjustified the new sanctions by the European Union and Britain against Tehran over its support for Russia's war on Ukraine. "While the president of Ukraine has admitted that no Iranian ballistic missiles have been exported to Russia, the measures of the European Union and United Kingdom in ...

US Sanctions Syrian Firm for Selling Oil to Fund Iranian Proxies

The US unveiled sanctions Thursday against 26 people, firms and ships allegedly associated with a Syrian conglomerate making hundreds of millions of dollars selling oil on behalf of Iran and its proxies. The US Treasury Department said in a statement that its designations were related to the Al-Qatirji Company, which it accuses of generating vast ...

Iran, Russia Link Bank Card Systems in Latest Move to Overcome Sanctions

Iranian bank cards can now be used in Russia, state television reported, as the two countries linked their banking systems in the latest bid to counteract sanctions. Iranian banks have been excluded since 2018 from the SWIFT international financial messaging service, which governs the vast majority of transactions worldwide. The move is part of ...

EU Weighing New Sanctions on Israeli Settlers

France's foreign minister, Jean-Noel Barrot, said on Monday that the European Union could soon launch a new round of sanctions against Israeli settlers accused of fuelling violence in Palestinian territories. France had already imposed sanctions against "28 violent settlers" and been instrumental in deciding sanctions at the European Union level, ...

US Sanctions Hezbollah Finance Network and Syrian Captagon Trafficking

The United States issued sanctions against individuals and entities on Wednesday, that it describes as part of a Lebanon-based sanctions evasion network that funnels millions of dollars to Hezbollah. The action targeted four Lebanon-based companies registered to conceal ties to Hezbollah as well as three individuals linked to the group’s ...

UK Announces New Sanctions against Israeli Settlers

The United Kingdom on Tuesday announced new sanctions against three "illegal settler outposts" and four groups accused of committing violence against Palestinians in the occupied West Bank. Foreign Secretary David Lammy said that Israeli government "inaction... has allowed an environment of impunity to flourish where settler violence has been ...

Iran Condemns US Sanctions on Oil Industry

Iran condemned Sunday what it called an "illegal and unjustified" expansion of US sanctions targeting its oil industry following Tehran's missile attack on Israel earlier this month. In a statement, foreign ministry spokesman Esmail Baghaei defended Iran's attack on Israel and "strongly condemned" the sanctions, saying they were "illegal and ...

US Sanctions Hamas Financial Backers on Oct. 7 Anniversary

The United States imposed fresh sanctions Monday on individuals and a "sham charity" it said were international financial supporters of Hamas, among others, on the anniversary of the group's bloody attack on Israel. On October 7 last year, Hamas militants launched a surprise attack into Israel that resulted in the deaths of 1,206 people according ...

US and UK Sanction IRGC Deputy and Houthi Member

The United States and Britain declared new sanctions on Tuesday, targeting a deputy commander of the Islamic Revolutionary Guard Corps (IRGC) and a member of the Houthi movement. The United States and Britain announced fresh sanctions on Tuesday against an Iranian Islamic Revolutionary Guard Corps (IRGC) deputy commander, alongside a Houthi ...

US Announces Fresh Iran Sanctions Over Support for Russia

The White House announced, on Thursday, that the United States will soon enact fresh sanctions against Iran due to its support for Russia's invasion of Ukraine. The United States will soon impose new sanctions on Iran over its backing of Russia's invasion of Ukraine, the White House said Thursday. "In response to Iran's ongoing support for ...

New EU Sanctions Against China, N. Korea Amidst War on Ukraine

The EU on Wednesday agreed to ban exports to three mainland Chinese firms and blacklist North Korea's defense minister in new sanctions for the second anniversary of Russia's war on Ukraine, officials said. The fresh round of measures -- the 13th since Russian President Vladimir Putin's February 2022 invasion -- overall targets some two hundred ...