Sanctioning Russian oil would have led to a sharp surge in oil prices to above $80 per barrel levels, which would impact pump prices in the US ahead of midterm elections next year.
Whether Trump will actually press ahead with the oil sanctions remains unclear, since keeping Russian oil out of the world market risks high oil prices which could boomerang on the US economy and be damaging politically for Trump, points out Ambassador M K Bhadrakumar.
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.
Lt Gen Ahmed Sharif Chaudhry, the spokesperson for the Pakistan Army, is the son of a nuclear scientist who was sanctioned by the United Nations and the US for providing information and expertise to al-Qaeda, according to Indian officials. Chaudhry's father, Sultan Bashiruddin Mahmood, allegedly provided insights into nuclear weapons infrastructure and raised funds for a fundamentalist organization linked to the Taliban. Mahmood was arrested in 2001 after admitting to meeting Osama bin Laden but was later released.
In trying to portray a globally sanctioned terrorist as a 'common man', Pakistan was exposed when its top official publically outed crucial details about Hafiz Abdul Rauf, including his national identity number which matched details in the database of the United States sanction list of terrorists.
The United States and Ukraine have signed an 'economic partnership agreement,' giving Washington, DC access to Ukraine's rare earth minerals in return for creating an investment fund in the country, CNN reported.
Finance Minister Nirmala Sitharaman on Tuesday, April 11, 2023, met with US Treasury Secretary Janet Yellen in Washington, DC.
US nominee for World Bank president, Ajay Banga, has tested positive for COVID-19 following which the meetings scheduled during his two-day visit to India have been cancelled. According to a Finance Ministry statement, Banga's meeting with Nirmala Sitharaman would not happen as he is in quarantine. "During routine testing, Ajay Banga tested positive for COVID-19 but remains asymptomatic.
The US treasury department informed about the sanctions following the October 7 attacks on Israel by Hamas.
Urals and Sokol accounted for every 4 out of 5 barrels of Russian supplies to India last year.
India has also taken note of reports of Saeed's son Talha contesting elections in Pakistan and said the "mainstreaming" of radical terror outfits in the neighbouring country is nothing new and that it has been part of its State policy for a long time.
Hafiz Abdul Salam Bhuttavi, an United Nations-designated terrorist who trained the Lashkar-e-Taiba (LeT) attackers for the 2008 Mumbai terror attack and acted as the outfit's chief on at least two occasions, died in a prison in Pakistan's Punjab province while serving a sentence for terror financing, his aide said on Wednesday.
India and the US on Thursday said they are looking forward to the reconvening of the India-US Trade Policy Forum later this year to further enhance trade relationship and identify new areas for engagement.
In December, Aisha Shah was named as Partnerships Manager at the White House Office of Digital Strategy.
The US considers Indian a critical financial centre.
Regional States will be worried that the US's nascent engagement with the Taliban behind the fig leaf of humanitarian aid enables the return of US intelligence personnel to Afghanistan, observes Ambassador M K Bhadrakumar.
In June 2013, the same stood at $ 61.2 billion. In April, the holding stood at $ 68.7 billion.
The United States on Wednesday slapped sanctions on an Afghan drug trafficking network and designated two leaders -- Shah Mohammad Barakzai and Haji Baz Mohammad -- as Specially Designated Narcotics Traffickers.
US Treasury Secretary Timothy Geithner has left for New Delhi to launch the Indo-US Economic and Financial Partnership which according to him would set the pace and put and economic relationship between the two countries on a new trajectory.
The strange allegation by UAE officials is noted in a State Department cable, which reports the details of a meeting between officials of the US Treasury Department and those of UAE's State Security Department (SSD) and Dubai's General Department of State Security to discuss suspected Taliban-related financial activity in the UAE.
China, the biggest foreign holder of US debt has trimmed its portfolio to $1.15 trillion to diversify its foreign reserve portfolio to avoid risks.
India purchased US Treasury securities worth $3 billion in July taking its total holdings to $39.4 billion, at a time when America, the world's largest economy, is grappling with slowing recovery.
US sanctions Mexico captain Rafa Marquez for alleged drug ties 'I deny categorically any type of relation with this organization'
China sits on a mountain of United States treasury debt, reinforcing its position as the world's number one holder of US treasury securities with a total of $895.2 billion. China's foreign exchange reserves too stood at a mammoth $2.45 trillion at the end of March 2010.
Osama bin Laden's Al Qaeda is in its worst financial state in several years, while the Taliban's funding is flourishing as they rely on a range of criminal activities to fund attacks on US-led forces in Afghanistan, a senior US Treasury Department official has said.
Banks say they themselves red-flagged the transactions to RBI. It must be noted that these transactions are not outright evidence of fraud or proof of nefarious activities.
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In a significant gesture ahead of the high level Sino-US talks, China has increased its holdings of United States treasury debt by $17.7 billion, consolidating its position as the number one holder of US treasury securities with a total of $895.2 billion.
According to the US treasury department, India has slashed its holdings to $31.6 billion in February, while it was at $32.7 billion in January.
Citigroup chief economist Lewis Alexander is leaving the troubled financial services entity to join the US Treasury department, says a media report.
The US government, under its $700-billion bailout plan, has purchased shares in 30 American banks for a total of over $150 billion, half of which have gone into Citigroup, JPMorgan Chase and Wells Fargo.
The Pakistan government has sealed offices of Al-Amin Trust in Karachi and Lahore and frozen several bank accounts as part of its ongoing crackdown on groups added to a UN Security Council list of terrorist organisations subject to sanctions.
The United States has announced sanctions against 14 senior Myanmar officials, and called on India, China and other nations to support the people of Myanmar who were struggling for democracy.
'The banking channel is gradually becoming the most preferred way of transaction for terrorist outfits.'
The world's attention is on the new Taliban and the imminent announcement of an inclusive government in Kabul, observes Ambassador M K Bhadrakumar
Overseas transactions were used by the September 11 hijackers to wire more than $ 130,000, officials said.
The move has apparently been taken in view of the drug peddler's attempts to enter the US for setting up business. \n\n
India's real gross GDP grew by 7.4 per cent year-on-year in the second quarter of 2004 and the rupee depreciated by less than 1 per cent in the first half of the same, the US treasury department has said in a report.
The US Treasury Department said Ibrahim has links with Al Qaeda and finances the activities of Lashkar-e-Tayiba and other terrorist organisations.
The Gupta family has relocated to Dubai amid corruption charges against them in South Africa.
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