economic sanctions

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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 »

Iran Skirts Sanctions With Ships Shell Game

US struggling to keep up with shipping dodges

(Newser) - As the UN prepares to vote on fresh sanctions against Iran, a New York Times investigation finds that the Islamic republic has evaded sanctions with an elaborate scheme of renaming ships and selling them to shell companies. Irisl, Iran's state-owned shipping firm, has sold off most of its fleet to... More »

Iran Seethes Ahead of Revolution Anniversary

February 11 will test regime, international community

(Newser) - Feb. 11, the anniversary of the 1979 Islamic revolution in Iran, promises to bring tests for all parties with a hand in the nation's fate, writes Gerald Seib. Big marches traditionally herald the anniversary, and members of the opposition movement that has bloomed since last June's election will undoubtedly come... More »

Watchdog: Raúl Just as Bad as Fidel

He shares his brother's disregard for human rights

(Newser) - The perception that Cuba is less repressive under Raúl Castro than Fidel is false, Human Rights Watch says. Dissidents are still harassed by the state, subject to arbitrary detention—532 such cases in the first half of 2009 alone—fired. or denied work. The government also continues to pressure... More »

Obama to Tighten Bush's Iran Sanctions

White House will apply pressure unilaterally on world trading

(Newser) - The Obama administration’s plan to sanction Iran looks a lot like that of his predecessor. Officials say that if nuclear talks with Iran fail, they will likely tighten enforcement of Bush sanctions rather than impose new ones, the Washington Post reports. Obama has even retained the top architect of... More »

US Scrambles for Support for Iran Sanctions

Hopes to build coalition even if Russia and China kill UN move

(Newser) - The US is rushing to assemble support for tougher economic sanctions against Iran ahead of talks scheduled for Thursday. With Russia and China looming as potential spoilers in the UN Security Council, the administration hopes to assemble a coalition that could independently enact sanctions. But the US’ European allies oppose... More »

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