The United States has extended a waiver from sanctions to allow countries to buy petroleum products from Russia by a month, days after it ruled out renewal of the special measure.
Amidst escalating tensions with Iran, the US has granted India a temporary 30-day waiver to continue purchasing Russian oil, aiming to stabilise global energy markets and encourage future US oil imports by India.
The US has granted India permission to buy Russian oil already in transit to ease global supply pressures amidst the West Asia conflict. This decision comes after India agreed to halt sanctioned Russian oil purchases and substitute them with US oil.
India is evaluating its involvement in the Chabahar port project in Iran due to potential US tariffs. The US had granted India a waiver for the project, but it expires soon. India is exploring options to continue supporting the port's development while minimizing exposure to US sanctions.
The United States has imposed sanctions on at least half a dozen Indian companies accused of trading in Iranian petroleum and petrochemicals as part of broader action targeting 20 entities worldwide.
The United States has imposed sanctions on 275 individuals and entities, including 15 from India, for allegedly supporting Russia's military-industrial base.
A delegation of high-level executives from US public pension funds (non-profit and government sectors) is visiting India next week to assess and familiarise themselves with the investment opportunities in the country. These executives belong to various American states and cumulatively represent $1.8 trillion in assets under management (AUM) invested across the US and global markets. The United States (US) mission to India, which includes its embassy and consulates and the Department of Treasury, along with India's Ministry of Finance and the National Investment and Infrastructure Fund (NIIF), is hosting the delegation.
Rauf Azhar, born in 1974 in Pakistan, had been sanctioned by the United States in December 2010.
Meanwhile, US President Joe Biden condemned Russia's annexation of Ukrainian territory on Friday.
It is learnt that China placed a hold on the proposal by India and the US to designate Mahmood as a global terrorist under the 1267 Al Qaeda Sanctions Committee of the UN Security Council.
Hafiz Talha Saeed is a senior leader of the LeT and is the head of the cleric wing of the terrorist organisation.
Adani Ports and Special Economic Zone Ltd (APSEZ) on Wednesday said it has decided to exit its investment in Myanmar by June next year. APSEZ, the largest port developer in India, is part of the globally diversified Adani Group. "The Board has decided to actively work on a plan on exiting Company's investment in Myanmar including divestment opportunities (expected to be concluded by March - June 2022)," APSEZ said in notes to its second quarter results.
On Friday, Putin formally announced the annexation of four regions -- Donetsk, Luhansk, Kherson and Zaporizhia -- and claimed that "this is the will of millions of people".
A US special envoy met senior Taliban representatives in Tashkent, Uzbekistan, and discussed the issue of Afghan central bank reserves.
Inciting the public to raise funds for jihad (holy war) is not allowed to individuals or any organisation in Pakistan and is considered as treason, the Lahore high court has ruled even as it dismissed appeals of two terrorists convicted for raising funds for a proscribed terror outfit.
China has put a hold on a proposal by the United States and India at the United Nations to blacklist Abdul Rauf Azhar, the brother of Jaish-e Mohammed (JEM) chief Masood Azhar and a senior leader of the Pakistan-based terror organisation.
Some of the world's biggest banks including HSBC, JPMorgan Chase and Standard Chartered moved trillions of dollars identified as being potentially tied to money laundering or other crimes despite raising concerns about those transactions in filings with US regulators, reports South China Morning Post.
China has blocked a proposal by the US and India at the United Nations to blacklist Abdul Rauf Azhar, the brother of Jaish-e Mohammed (JeM) chief Masood Azhar and the deputy chief of the Pakistan-based terror group, in the second such move by Beijing in less than two months.
These sweeping financial sanctions follow the action earlier this week to cut off Russia's frozen funds in the United States to make debt payments.
The Trump administration is confronting and countering malign Russian cyber activity, including their attempted interference in the US election, destructive cyber-attacks, and intrusions targeting critical infrastructure, said Treasury Secretary Steven T Mnuchin.
The Taliban's main challenge comes on the financial and economic front and there Pakistan doesn't have the capacity to be of any meaningful help, observes Ambassador M K Bhadrakumar.
To attack the financial underpinnings of Taliban militants, the United States on Friday slapped sanctions against a pair of informal money-exchange networks in Afghanistan and Pakistan for alleged terrorist financing.
As per the latest data released by the US Department of Treasury, India's holding of treasury securities stood at $58.9 billion (over Rs 3,20,000 crore) at the end of October 2012 -- marking the second straight month of decline after an uptrend for seven continuous months.
Obama plans to write checks to Treasury on a monthly basis, effective March 1, but will cut the first check in April.
The United States has imposed sanctions on two individuals linked with the Taliban and the Haqqani network, the US Department of Treasury has said.
The United States has slapped sanctions on Iran's ministry of intelligence and security for its alleged support to terrorism, participation in the ongoing repression in Syria and human rights violations against its own people.
The Obama administration continued to tighten the noose around the Pakistan-based, Inter Services Intelligence-supported terrorist organisation, the Lashkar-e-Tayiba -- responsible for the horrific 26/11 Mumbai terror attacks -- by sanctioning two of its leaders and founding members Zafar Iqbal and Hafiz Abdul Salam Bhuttavi.
The Department of Treasury has finally responded to a letter by a coalition of Indian-American organisations, led by the Global Organisation of People of Indian Origin (GOPIO), but reiterated the Internal Revenue Service warning that there will be no extension of the August 31, 2011, deadline for the Offshore Voluntary Disclosure Initiative.
One of the four major branches of Syria's security forces, the Syrian Political Security Directorate, was designated for engaging in the commission of human rights abuses in Syria.
Together with US sanctions, the new action prohibits any financial transaction of these terror leaders in member countries of the United Nations, which is likely to put pressure on Pakistan to initiate operation against the group
United States Secretary of State Hillary Clinton in concert with Treasury Secretary Timothy Geithner and Attorney General Eric Holder on Wednesday amended the foreign terrorist organisation designation of the Pakistan-based Lashkar-e-Tayiba in order to include one of the terror group's front organisation and a charitable arm of it as part of the FTO designation too.
The United States has said it wants Pakistan to implement UN curbs against three key financers who raised money for the Taliban and Haqqani network, a day after slapping sanctions on the leaders of these outfits.
The US Department of Treasury on Thursday designating two of Pakistan's most wanted terrorists, Lashkar-e Jhangvi senior leader Amanullah Afridi for acting for or on behalf of the LeJ and LeJ chief operational commander Mati ur-Rehman for acting for or on behalf of the Al Qaeda. The Treasury also designated a third individual, Abdul Rauf Azhar, a senior leader of Jaish-e Mohammed.
On November 10, the US Federal Reserve had approved the application of credit card major to become a bank holding company and the change in status facilitated American Express to explore various government funding and lending programmes. In return to the said loan, American Express will issue and sell preferred stock of about $3.39 billion and warrants to purchase shares of common stock for up to 15 per cent of that amount to the Treasury.
The US Department of Treasury plans to sell its 27 per cent stake in Citigroup Inc, says a media report. The stake selling is part of a programme of regularly scheduled sales.
Targeting the 'support network' of the Tamil Tigers, the United States on Wednesday designated a US-based charity group as a 'front' of the banned Liberation Tigers of Tamil Eelam and ordered freezing of its assets. The Tamil Foundation has been designated under 'Executive Order 13224', which "targets terrorists and those providing support to terrorists or acts of terrorism," the US Department of Treasury said in a press statement.
David H McCormick, under secretary for international affairs at the US Department of Treasury, said on Tuesday that in an era of global trade and investment both the US and Asia need each other to maintain strong economic growth. McCormick was speaking at the Asia Society on 'US-Asia Economic Relations -- the Next Chapter,'.
President Donald Trump has tapped Jerome "Jay" Powell to lead the US central bank, bypassing Janet Yellen for a second term despite praising her excellent management of the world's largest economy over the past four years.
The Trump Administration called on the Pakistani government to deny sanctuaries to 'dangerous' individuals and organisations.
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