New Delhi, March 26 (IANS) Reliance Industries Limited (RIL) on Thursday refuted reports that it has purchased Iranian crude, calling these reports “baseless”.Reports earlier claimed that RIL had purchased 5 million barrels of Iranian crude after the US administration temporarily removed sanctions on Iranian oil at sea.According to the report, RIL bought the oil from the National Iranian Oil Co.”Reliance Industries Limited categorically rejects recent media reports that the company has pur…
Latest Treasury Department News & Updates
Washington, March 21 (IANS) The United States on Friday night issued a narrow, short-term authorisation allowing the sale of Iranian oil already stranded at sea, a move the Trump administration says will quickly boost global supply while maintaining pressure on Tehran, according to the Treasury Department and media reports. Treasury Secretary Scott Bessent said the step is designed to stabilise energy markets amid ongoing conflict and supply disruptions.“Today, the Department of the Treasury i…
Washington, March 11 (IANS) The White House said that President Donald Trump personally approved a temporary waiver allowing India to purchase Russian oil as part of a broader effort to stabilise global energy markets amid disruptions caused by the ongoing US military campaign against Iran.The decision was taken after consultations between the President, the Treasury Department, and members of the national security team, White House Press Secretary Karoline Leavitt said.“The President and the …
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, March 6 (IANS) In a significant development, in the wake of the ongoing Iranian war, the Trump administration authorised a one-month window for India to import Russian crude oil.”President Trump’s energy agenda has resulted in oil and gas production reaching the highest levels ever recorded. To enable oil to keep flowing into the global market, the Treasury Department is issuing a temporary 30-day waiver to allow Indian refiners to purchase Russian oil,” Bassent said.”This delibera…
Lucknow, Feb 27 (IANS) The Yogi Adityanath government on Friday issued instructions for the disbursal of salaries and pensions for the month of February before Holi festival, bringing cheers and smiles on the faces of about 18 lakh staffers as well as pensioners.The decision will benefit scores of state government employees engaged in departments ranging from education to civic bodies to various ministries.According to official instructions, the salary cycle has been revised in wake of consecuti…
Washington, Feb 25 (IANS) The US has imposed sanctions on more than 30 individuals, companies, and vessels linked to Iran’s oil trade and weapons programmes. The Treasury Department on Wednesday said the action targets Iran’s so-called shadow fleet and networks supplying ballistic missile and advanced conventional weapons programmes.“Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and sup…
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…
Washington, Feb 4 (IANS) External Affairs Minister S. Jaishankar held separate meetings with US Secretary of State Marco Rubio and Treasury Secretary Scott Bessent, holding wide-ranging discussions on the India-US strategic and economic partnership.“Delighted to meet US @SecRubio this afternoon,” Jaishankar said in a post on X after the meeting. “A wide-ranging conversation that covered our bilateral cooperation agenda, regional and global issues.”He said the discussions with Rubio cover…
Washington, Jan 29 (IANS) US President Donald Trump has claimed a surge in investment, record stock market gains, and strong backing from major technology, finance, and consumer companies, as he argued the United States is entering an unprecedented economic expansion.Speaking at the Treasury Department’s Trump Accounts Summit on Wednesday (local time), Trump said more than “$18 trillion” in investment is flowing into the US, driving large-scale construction across industries from automobil…