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.

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.

India may cut Iranian oil imports by 15% y/y in 2014/15

Last Updated: Tuesday, January 14, 2014, 16:30

India may cut Iranian oil imports by 15 percent in 2014/15 from the current fiscal year`s target, if western sanctions on Iran are not eased and the situation remains the same, a senior oil ministry official said on Tuesday.

Iran halts nuclear talks after US blacklist move: State media

Last Updated: Friday, December 13, 2013, 15:29

Iranian negotiators halted nuclear talks with major powers to return to Tehran for consultations after Washington blacklisted a dozen companies and individuals for evading US sanctions, state media reported.

US exempts India, China from Iranian sanctions

Last Updated: Saturday, November 30, 2013, 10:30

The US will continue to aggressively enforce sanctions over the next six months, as they work to determine whether there is a comprehensive solution that gives them confidence that the Iranian nuclear programme is for exclusively peaceful purposes.

`Tough US sanctions if Iran doesn`t comply with nuclear deal`

Last Updated: Monday, November 25, 2013, 13:15

Even as a breakthrough deal was struck between Iran and the six world powers in Geneva, US lawmakers seemed dubious over Iran`s commitment and said that tough sanctions would be imposed in case Tehran failed to comply with the deal, reports said.

US hits 4 Hezbollah leaders with sanctions

Last Updated: Thursday, August 22, 2013, 22:13

The United States on Thursday imposed sanctions on four leaders of the Lebanese militant group Hezbollah for alleged operations in Syria and elsewhere in the Middle East.

US sanctions Pakistani madrassa for aiding LeT

Last Updated: Wednesday, August 21, 2013, 11:24

The US has sanctioned a top al Qaeda official and a madrassa in Peshawar, serving as a terrorist training centre supporting Lashkar-e-Taeba, the Pakistan based terrorist group behind the Mumbai attack, and the Taliban.

US says Zimbabwe vote flawed, won`t lift sanctions

Last Updated: Tuesday, August 20, 2013, 12:49

The US believes Zimbabwe`s recent election was flawed and it doesn`t plan to loosen sanctions against President Robert Mugabe`s government until there are signs of change in the country.

North Korea urges US to take `real actions`

Last Updated: Sunday, June 23, 2013, 14:53

North Korea on Sunday blamed the United States for escalating tensions on the Korean peninsula and called for "real actions" if Washington wants peace.

US expands sanctions against Iran

Last Updated: Thursday, February 7, 2013, 10:53

The Obama administration on Wednesday expanded the US sanctions on Iran by tightening up economic measures against the Islamic republic and adding more names to its blacklist.