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UBS pays $1.7 mn for `apparent` sanctions violations

Last Updated: Friday, August 28, 2015, 02:08

The Swiss bank UBS has agreed to pay US authorities $1.7 million to settle "apparent" violations of rules banning transactions benefiting officially designated terrorists, the Treasury Department said Thursday.

Iran eyes $185 billion oil and gas projects after sanctions

Last Updated: Thursday, July 23, 2015, 18:07

Iran on Thursday outlined plans to rebuild its main industries and trade relationships following a nuclear agreement with world powers, saying it was targeting oil and gas projects worth $185 billion by 2020.

EU set to re-impose sanctions on more Iranian shipping companies

Last Updated: Tuesday, March 24, 2015, 19:17

The European Union is set to put 40 Iranian shipping firms back on a list of sanctioned groups in a blow to the Islamic Republic`s transport sector which has sought an easing of trade restrictions, letters sent from the EU showed.

Merkel eyes no sanctions decisions against Moscow at EU summit

Last Updated: Monday, March 16, 2015, 22:29

German Chancellor Angela Merkel said Monday that EU leaders would not decide on new economic sanctions against Russia over the Ukraine crisis at their summit this week, but could do so in June.

No compromise with Russia over Ukraine sanctions: EU chief

Last Updated: Monday, March 16, 2015, 17:49

The European Union must not compromise with Russia over sanctions in response to the Ukraine crisis, the bloc's chief Donald Tusk said in an interview today.

IOC, ONGC, OIL likely to face US sanctions for Iran ties

Last Updated: Sunday, March 8, 2015, 11:13

State-owned ONGC, IOC and OIL are among the five global companies named by the US administration for having energy ties with Iran, for which they can face sanctions by America.

Mexico says may sanction Google over data protection breach

Last Updated: Wednesday, January 28, 2015, 10:50

Mexico`s federal transparency body said on Tuesday it had initiated proceedings to impose sanctions on the Mexican unit of Google Inc for possible breach of the country`s data protection law.

US firm walks out of OVL's Russia project after US sanctions

Last Updated: Tuesday, January 6, 2015, 18:56

OVL, the overseas arm of state explorer Oil and Natural Gas Corp (ONGC), in September 2013, roped in Denver-based Liberty Resources to tap Bazhenov shale formations in Siberia.

Russian economy to shrink 0.8% in 2015: economy ministry

Last Updated: Tuesday, December 2, 2014, 18:17

The Russian economy ministry slashed its economic forecast for 2015, announcing a contraction of 0.8 percent due to the pressure of Western sanctions over the Ukraine crisis and falling oil prices.

US begins Iran sanctions relief, sees tough talks ahead

Last Updated: Tuesday, January 21, 2014, 09:11

The United States has followed through on promised sanctions relief for Iran covering oil exports, trade in precious metals and automotive services as part of a nuclear agreement that began taking effect on Monday, US officials said.

US, allies relax sanctions as Iran begins curbing its N-programme

Last Updated: Monday, January 20, 2014, 23:50

The US and its allies on Monday relaxed a range of economic sanctions against Iran.

EU suspends some sanctions against Iran: Official

Last Updated: Monday, January 20, 2014, 23:35

European Union on Monday suspended a range of sanctions against Iran after Tehran began implementing a deal to curb its nuclear programme.