Washington, March 14 (IANS) The United States expanded authorisations for Venezuela’s energy and petrochemical sectors, a move that could help stabilise global fertilizer and oil supplies — developments closely watched by major importers such as India.The US Treasury Department said the changes were made through updated licences issued by its Office of Foreign Assets Control (OFAC) as part of efforts to revive Venezuela’s energy industry and support global commodity markets.“The Trump ad…
Latest Office of Foreign Assets Control News & Updates
Washington, March 7 (IANS) The United States has filed civil forfeiture complaints seeking to seize more than $15 million allegedly linked to an illicit Iranian oil distribution network accused of evading American sanctions and using the US financial system to support entities tied to Iran’s Revolutionary Guard.The Department of Justice said the complaints were filed in the US District Court for the District of Columbia, alleging that more than $15.3 million was used to fund a network that sol…
Washington, Feb 25 (IANS) The United States imposed sanctions on a Russian exploit broker and several associated entities accused of acquiring and selling stolen American cyber tools, in what officials described as the first action under a new law aimed at protecting US intellectual property.The measures target Russian national Sergey Sergeyevich Zelenyuk and his company, Operation Zero. The action coincides with a separate criminal case against Australian national Peter Williams, who pleaded gu…
