British bank Standard Chartered says it expects to “very shortly” pay $330 million to U.S. authorities to settle accusations that it violated American trade sanctions against Iran. The bank said Thursday the payment would settle claims with the U.S. Justice Department, the Treasury and the Federal Reserve, the country’s central bank. The new payment would […]
British Bank to Settle US Charges on Iran Transactions
Posted December 6th, 2012 at 10:25 am (UTC-5)
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EU Imposes Tougher Sanctions on Iranian Industries
Posted October 15th, 2012 at 2:30 pm (UTC-5)
EU foreign ministers have agreed to impose tough new sanctions on Iranian industries to try to pressure Tehran into negotiating an end to its sensitive nuclear activities. After meeting in Luxembourg on Monday, the top diplomats of the 27-nation bloc released a statement saying the tougher sanctions are in response to what they call Iran’s […]
EU Hits Iran With Stronger Sanctions
Posted October 15th, 2012 at 9:05 am (UTC-5)
The European Union on Monday slapped Iran with increased sanctions over its controversial nuclear program. The package of sanctions adopted by EU foreign ministers centers on finance and trade, curbing EU business with Iran’s banks and companies dealings with oil and gas imports. The EU is expected to release a list of blacklisted companies on […]
Clinton: US to Lift Import Ban On Burma
Posted September 27th, 2012 at 5:40 am (UTC-5)
U.S. Secretary of State Hillary Clinton says Washington will take steps to lift a ban on imports from Burma in response to continued reforms by the country’s military-backed government. At a meeting on the sidelines of the United Nations General Assembly, Clinton told Burma’s President Thein Sein that the U.S. will “begin the process” of […]
Clinton: US to Lift Import Ban On Burma
Posted September 27th, 2012 at 4:35 am (UTC-5)
U.S. Secretary of State Hillary Clinton says Washington will take steps to lift a ban on imports from Burma in response to continued reforms by the country’s military-backed government. At a meeting on the sidelines of the United Nations General Assembly, Clinton told Burma’s President Thein Sein that the U.S. will “begin the process” of […]
Clinton: US to Lift Import Ban On Burma
Posted September 26th, 2012 at 11:00 pm (UTC-5)
U.S. Secretary of State Hillary Clinton says Washington will take steps to lift a ban on imports from Burma in response to “continued progress toward reform” in the Southeast Asian nation. At a meeting on the sidelines of the United Nations General Assembly, Clinton told Burma’s President Thein Sein that lifting the import ban is […]
US Lifts More Economic Sanctions On Burma
Posted September 26th, 2012 at 8:05 pm (UTC-5)
U.S. Secretary of State Hillary Clinton has announced the lifting of U.S. import bans on Burma in response to democratic reforms implemented by the new government there. Clinton announced the decision Wednesday after her meeting with Burma’s President Thein Sein on the sidelines of the United Nations General Assembly in New York. She said the […]
China Urges US to Lift Sanctions Against Bank for Iran Ties
Posted August 1st, 2012 at 6:00 am (UTC-5)
China is urging the United States to lift new sanctions imposed against a Chinese bank for doing business with Iran. China’s foreign ministry said Wednesday the sanctions damaged U.S.-Chinese relations, and that it would lodge an official protest. The U.S. Treasury on Tuesday announced the sanctions against China’s Bank of Kunlun and an Iraqi financial […]
US Imposes New Sanctions on Iran
Posted July 31st, 2012 at 7:40 pm (UTC-5)
U.S. President Barack Obama has signed an executive order that imposes new sanctions on Iran’s energy and petrochemical sectors, to prevent that country from circumventing international penalties for its nuclear program. Additionally, the U.S. Treasury Department announced sanctions against one Chinese and one Iraqi financial institution accused of doing business with sanctioned Iranian banks. In […]
US Congressional Negotiators Agree on New Iran Sanctions
Posted July 31st, 2012 at 4:50 am (UTC-5)
U.S. lawmakers are moving forward with tough new sanctions against Iran, aimed at further reducing the nation’s oil revenues to undercut its nuclear program. Negotiators from the U.S. Senate and House of Representatives reached agreement on the compromise legislation late Monday. The bill would target Iran’s energy and shipping sectors. It would penalize anyone who […]
