Washington, June 22 (IANS) The United States on Monday imposed sanctions on three individuals and six entities across Europe, the Middle East and West Africa, accusing them of helping the Islamic State (ISIS) move money across borders and sustain its global operations. Announcing the action, the U.S. State Department said the sanctions target a network stretching from France and Syria to Türkiye and Nigeria, as the Trump administration seeks to disrupt the terrorist group’s financial infrastruc…
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Washington, June 22 (IANS) The United States has imposed fresh sanctions on two Hezbollah-aligned Lebanese officials and a network of business associates accused of supporting the Iran-backed group, saying the move is aimed at weakening what Washington described as the biggest obstacle to Lebanon’s recovery and stability.In a statement, the US State Department said the action targets “two Hezbollah-aligned Lebanese officials, as well as members of a Hezbollah business network overseen by US-…
Washington, June 12 (IANS) First Lady Melania Trump launched a new financial initiative aimed at helping children in foster care build savings and assets before they reach adulthood, describing it as a step towards expanding economic opportunity for some of the country’s most vulnerable young people.The programme, called Fostering the Future Accounts, will allow state child welfare agencies to open savings and investment accounts on behalf of eligible children in foster care, under new federal g…
Washington, June 5 (IANS) The United States on Friday announced sweeping sanctions against a network accused of shipping Iranian-origin liquefied petroleum gas (LPG) disguised as Omani fuel to buyers across South and East Asia, including Bangladesh, while also targeting an Iranian foreign exchange company accused of moving hundreds of millions of dollars on behalf of sanctioned Iranian banks.The action was announced by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC), …
Washington, June 3 (IANS) Bipartisan lawmakers in the US House of Representatives have introduced legislation that would subject American investments and technology transfers in China’s biotechnology sector to national security scrutiny, reflecting growing concerns in Washington over Beijing’s expanding role in global pharmaceutical research and manufacturing. The proposed Biotech Investment National Security Act (BINSA) would add biotechnology to sectors covered under the Comprehensive Outbound…
Washington, May 27 (IANS) President Donald Trump on Wednesday said the United States had reset its relationship with China and strengthened its position in the Indo-Pacific through military expansion, trade pressure, and renewed energy dominance. Speaking during a Cabinet meeting at the White House, Trump said his recent meeting with Chinese President Xi Jinping had gone “amazingly” and claimed Beijing now viewed Washington differently than during previous administrations.“The relationship…
Washington, May 22 (IANS) A top House Republican on China has urged the Treasury Department to block American investments in Chinese biotechnology companies, warning that US capital and expertise are helping Beijing dominate the global pharmaceutical sector.Powerful Republican Congressman John Moolenaar, who is chairman of the House Select Committee on the Chinese Communist Party, called on Treasury Secretary Scott Bessent to designate biotechnology as a “prohibited technology” under the Com…
Washington, April 25 (IANS) The United States imposed sanctions on a China-based refinery and dozens of vessels linked to Iran’s oil trade, stepping up pressure on Tehran’s energy revenues.The Treasury Department said its Office of Foreign Assets Control (Office of Foreign Assets Control) targeted Hengli Petrochemical (Dalian) Refinery Co., Ltd., describing it as one of Iran’s largest buyers of crude oil and petroleum products.“Economic Fury is imposing a financial stranglehold on the Ir…
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…
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…