Saturday, October 19

Tag: International Sanctions

The Dominant Dollar Faces a Backlash in the Oil Market
28Dec By adminNo Comments
Money

The Dominant Dollar Faces a Backlash in the Oil Market

Updated Dec. 28, 2023 12:00 am ETSome major emerging economies are dabbling in trading commodities without using the dollar, as they seek to reduce their reliance on the U.S. currency.Faced with U.S. sanctions and other restrictions, Russia and Iran in particular have stepped up oil sales in alternative currencies, and have found buyers in China, India and elsewhere that are happy to buy these exports, often at lower prices.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Iran Adds to Pressure on U.S. With Nuclear Program Acceleration
27Dec By adminNo Comments
World

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration

Updated Dec. 26, 2023 6:06 pm ETIran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as Tehran helps allied militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet diplomatic efforts between Washington and Tehran to ease tensions. It comes amid a proliferation of flashpoints between the U.S. and Iran, whose proxies have repeatedly traded fire with U.S. forces in the Middle East since the bloody conflict between Israel and Hamas erupted on Oct. 7. U.S. and European navies are also shooting down drones launched by the Iran-backed Houthis in the Red Sea. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 879...
Read More
China Imposes Sanctions on U.S. Data Firm
27Dec By adminNo Comments
World

China Imposes Sanctions on U.S. Data Firm

Updated Dec. 26, 2023 9:28 pm ETChina’s government hit back at U.S. criticism of its human-rights record on Tuesday by imposing sanctions on a Los Angeles firm and two analysts involved in scouring the country’s supply chain for abuses.Beijing said the actions under its Anti-Foreign Sanctions Law will be applied to Kharon, a research and data analytics firm, in response to its work monitoring Xinjiang, a far western region of China where the U.S. government, Western media and independent researchers have documented human-rights abuses against ethnic minorities, including primarily Muslim Uyghurs.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Iran Adds to Pressure on U.S. With Nuclear Program Acceleration
26Dec By adminNo Comments
World

Iran Adds to Pressure on U.S. With Nuclear Program Acceleration

Dec. 26, 2023 10:07 am ETIran has tripled production of nearly weapons-grade uranium in a move likely to deepen its confrontation with the West as it helps Tehran-linked militias to attack Israel and U.S. forces in the region. Iran’s decision to triple its production rate of near-weapons-grade uranium marks the collapse of quiet diplomatic efforts between Washington and Tehran to ease tensions. It comes amid a proliferation of flashpoints between the U.S. and Iran, whose proxies have repeatedly traded fire with U.S. forces in the Middle East since the bloody conflict between Israel and Hamas erupted on Oct. 7. U.S. and European navies are also shooting down drones launched by the Iran-backed Houthis in the Red Sea. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cb...
Read More
China’s Yuan Is Quietly Gaining Ground
26Dec By adminNo Comments
Money

China’s Yuan Is Quietly Gaining Ground

Chinese assets have had a terrible year—but China’s currency is gaining ground as an international payments option.The yuan’s status as a global currency still faces a huge obstacle in the form of China’s own capital controls. Even so, rising willingness to conduct trade in yuan could help insulate China’s economy, at least to an extent, in the event sanctions were imposed in a hypothetical future conflict with the West. It also could become a source of structural support for the yuan itself, even assuming weaker-than-expected Chinese growth in the years to come.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Sentencing Punctuates Downfall of Former FBI Counterintelligence Chief
14Dec By adminNo Comments
World

Sentencing Punctuates Downfall of Former FBI Counterintelligence Chief

Charles McGonigal spent more than two decades as an FBI agent working on some of the country’s most important national-security and terrorism cases, including the Sept. 11, 2001, terrorist attacks, and ended up as the bureau’s chief spy hunter in New York.He has since taken a humiliating fall, pleading guilty earlier this year to felonies in two separate cases, including violating U.S. sanctions by accepting secret payments from a Russian oligarch, a crime for which he faces sentencing in New York on Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Russian Airline Sues Canada Over Sanctions
9Dec By adminNo Comments
World

Russian Airline Sues Canada Over Sanctions

TORONTO—A giant Russian cargo plane is facing another cold Canadian winter stuck in Toronto. A court battle could determine its fate.Russian airline Volga-Dnepr has sued the Canadian government, asking a federal court to declare that Canada’s sanctions against it are invalid. The court could determine what happens to the airline’s massive Antonov An-124 cargo plane, one of only 26 in the world, which has been stuck in Toronto since Canada closed its airspace to Russian planes in February 2022.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
Venezuela Breaks Another Promise – WSJ
4Dec By adminNo Comments
Business

Venezuela Breaks Another Promise – WSJ

Well, that was predictable. On Nov. 30 the Maduro regime in Venezuela ignored the U.S. deadline to lay out a process to reinstate opposition candidates for a 2024 presidential election. Will the Biden Administration take it lying down? In return for that Maduro promise, made Oct. 17 with the democratic opposition, the Biden Administration eased sanctions for six months on the export of Venezuelan oil and new investment in the country. The U.S. also lifted bans on dealing with the government-owned mining company and on trading some Venezuelan securities. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More
U.S. Leans on Turkey to Stop Supporting Hamas and Russia
1Dec By adminNo Comments
World

U.S. Leans on Turkey to Stop Supporting Hamas and Russia

ISTANBUL—The Biden administration’s sanctions chief warned Turkish officials that the country is fueling violence across two continents by serving as a financing haven for Hamas and a trade hub for Russia’s war machine.Despite U.S. sanctions targeting Hamas financiers over the past decade, Turkey has allowed the group’s investment firms, holding companies, real-estate brokerages and a host of other businesses to operate out of Istanbul, U.S. officials say.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Read More