economic sanctions

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US Hits NATO Ally With Sanctions

Trump had told Turkey to free jailed pastor

(Newser) - President Trump has made good on his threat to hit Turkey with sanctions if American pastor Andrew Brunson wasn't freed. The country's justice minister and interior minister, Abdulhamit Gul and Suleyman Soylu, have been sanctioned over what White House press secretary Sarah Sanders describes as the "unfair... More »

Haley on Russia Sanctions: 'I Don't Get Confused''

Remark seen as 'extraordinary rebuke'

(Newser) - It's not clear whether it was caused by crossed wires or an administration flip-flop, but Nikki Haley's back-and-forth with the White House over Russia sanctions appears to have exposed a fault line. After the administration denied that a decision had been made on sanctions Haley announced Sunday —... More »

Russian Oligarchs May Be Next in Trump's Sights

Sources say they'll be target of latest round of sanctions

(Newser) - President Trump's latest round of sanctions against Russia is going to hit some billionaires with close ties to Vladimir Putin, officials say. Sources tell Reuters and the Washington Post that the new sanctions, expected to be in place by Friday, will target Russian oligarchs under powers given to Trump... More »

Rumors Swirl as Gas Shortage Hits N. Korea

Beijing may have tightened supply

(Newser) - An acute shortage of gasoline in the North Korean capital of Pyongyang that has sparked price hikes and hoarding is raising fears of potentially crippling pain at the pumps if things don't get better soon—and driving rumors that China is to blame. The shortage, which is extremely unusual... More »

15 US Companies Sanctioned by ... Iran

The American military and CIA could become classified as terrorist groups

(Newser) - Iran said Sunday it has imposed sanctions on 15 American companies over their alleged support for Israel, terrorism, and repression in the region, reports the AP . A Foreign Ministry statement carried by the state-run IRNA news agency said the companies are barred from any agreements with Iranian firms and that... More »

US Slaps Personal Sanctions on Kim Jong Un

Regime 'continues to inflict intolerable cruelty on its own people'

(Newser) - The US has ramped up economic sanctions on North Korea with the first personal sanctions for Kim Jong Un and 10 other officials in a regime Washington says is guilty of "intolerable cruelty." This is the first time North Korean officials have been personally sanctioned for human rights... More »

Did Russian Cyberattackers Raid Big US Banks?

Feds suspect attacks could be payback for sanctions, sources say

(Newser) - The big banks are staying tight-lipped about it, but multiple sources say several major US financial firms were hit by hackers who made off with gigabytes of data earlier this month. The banks included JPMorgan Chase and at least four others, according to New York Times sources, who say the... More »

Putin: Sanctions Will Backfire on Americans

They are 'harmful to national long-term strategic interests'

(Newser) - Predictably, Vladimir Putin is none too pleased with the White House's decision to slap tough new sanctions on Moscow's energy firms, major banks, and a weapons manufacturer. Speaking from Brazil yesterday, Putin slammed America's "aggressive foreign policy" and accused the US of encouraging Ukraine to continue... More »

Coca-Cola to Return to 1 of 3 Countries It Doesn't Sell In

Burma to get Coke for 1st time in 60 years

(Newser) - As Aung San Suu Kyi makes her first trip to Europe in 24 years comes another sign that Burma is fizzing with change: Coca-Cola says it plans to start doing business in the country for the first time in 60 years, CNN reports. The company—which also announced a $3... More »

Amid Sanctions, Iranians Expect War

Iran announces new Strait of Hormuz exercises

(Newser) - Western officials are fairly sanguine that Iran's recent provocations are only posturing. But on the streets of Tehran, sanctions are taking a real toll, and the populace expects violence, the Washington Post reports. The country is in the midst of a currency crisis that has made prices shoot up... More »

EU Readies Iran Oil Ban

France calls for deal by end of month

(Newser) - Europe is continuing to get serious about Iran's nuclear ambitions, with EU member states agreeing in principle to ban the import of Iranian crude oil, reports the BBC . And while nuances must be hammered out—including whether and how long to exempt existing oil contracts with Iran, as well... More »

US Sanctions Batter Iran's Currency

Ordinary Iranians scrambling to exchange sliding rial

(Newser) - The latest US sanctions against Iran have left Iranians scrambling for American dollars. President Obama has signed a bill placing Iran's central bank under sanctions, a move that sent Iran's currency tumbling 12% to a record low against the dollar. The rial has now lost 35% of its... More »

US Sanctions Syria's Assad

Move raises speculation US wants him out

(Newser) - The US has taken the dramatic step of personally sanctioning Syria’s president and a number of his top aides, in an attempt to pressure him to stop his ongoing violent crackdown on dissent. The Treasury Department will freeze all of Bashar al-Assad’s assets that are within US jurisdiction,... More »

US to Freeze Syrian Assets, Impose Sanctions

Europe also considering action

(Newser) - With the bloodshed mounting in the streets of Daraa , the Obama administration is preparing sanctions against Syria, including freezing the assets of top Syrian officials, the LA Times reports. That may not have a ton of impact, since Syrian officials don’t own all that many US assets to begin... More »

Freeze Gadhafi's Assets? It's Tough With Name Like That

Arabic names prove tricky for banks

(Newser) - It's hard for an international bank to freeze Moammar Gadhafi's assets when no one's quite sure how to spell his name. The US Treasury Department offers up 12 different options, but language experts say there are actually more than 100 variations for "Gadhafi" alone. It's... More »

Allies to Hand Gadhafi's Assets to Rebels

Rebels also say countries will sell them weapons

(Newser) - Moammar Gadhafi’s frozen assets will be lining the pockets of his rebel enemies, under an agreement struck yesterday by NATO, Arab, and African officials at a closed door meeting in Qatar, the New York Times reports. The agreement comes even as divisions arose about how far to take their... More »

UN Human Rights Body May Kick Libya Out

As US, Europe weigh sanctions

(Newser) - The United States will support efforts to expel Libya from the 47-member UN Human Rights committee, in what would be an unprecedented suspension of one of its own members. "The crackdown in Libya of peaceful demonstrations is escalating alarmingly with reported mass killings, arbitrary arrests, detention and torture of... More »

Gbagbo Strong-Arms Banks, Cocoa Farmers for Cash

Stubborn Ivory Coast boss evades sanctions

(Newser) - Determined to stay in power despite the international sanctions pressing down on him, Laurent Gbagbo is pressuring banks to continue lending to him, and cocoa farmers to pay their export taxes in advance. “He’s looking for $90 million, from here to the end of the month,” said... More »

US Lets Companies Deal With Nations on Terror List

Iran, others, get flow of American goods ... like gum and workout equipment

(Newser) - The US has given thousands of corporations the go-ahead to do business with Iran and other nations supposedly blacklisted as “state sponsors of terrorism.” A little-known Treasure office has been issuing licenses—nearly 10,000 to date—under a 2000 law requiring that agricultural and medical humanitarian aid... More »

North Korea: US Owes Us $65T

...for being so mean to us for the past 60 years

(Newser) - With the 60th anniversary of the Korean War fast approaching, cash-strapped North Korea is demanding that the US pay it nearly $65 trillion to repay it for the damage caused by those decades of hostility, the AFP reports. According to the regime's inscrutable math, the US owes $26.5 trillion... More »

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