Latest Sanctions and embargoes News

IMF: Vaccine inequity threatens Mideast's economic recovery

Apr. 11, 2021 07:06 AM EDT

DUBAI, United Arab Emirates (AP) — Middle East economies are recovering from the coronavirus pandemic faster than anticipated, largely due to the acceleration of mass inoculation campaigns and an increase in oil prices. But the International Monetary Fund warned Sunday that an uneven...

Iran says nuke program testing newest advanced centrifuge

Apr. 10, 2021 13:29 PM EDT

TEHRAN, Iran (AP) — Iran said Saturday it has begun mechanical tests on its newest advanced nuclear centrifuge, even as the five world powers that remain in a foundering 2015 nuclear deal with Iran attempt to bring the U.S. back into the agreement. Iran's IR-9...

Positive atmosphere, little progress in Iran nuclear talks

Apr. 09, 2021 17:57 PM EDT

BERLIN (AP) — Nascent talks aimed at bringing the United States back into the 2015 nuclear deal with Iran broke Friday without any immediate signs of progress on the thorny issues dividing Washington and Tehran, but with delegates talking of a constructive atmosphere and resolving to...

US urges arms embargo and sanctions against Myanmar military

Apr. 09, 2021 15:25 PM EDT

UNITED NATIONS (AP) — The U.S. ambassador to the United Nations urged the international community to take “concrete action” against the military in Myanmar on Friday including an arms embargo and sanctions against its holding companies and those who profit from them, saying this is the...

Iran frees South Korean ship it held amid dispute over funds

Apr. 09, 2021 08:57 AM EDT

DUBAI, United Arab Emirates (AP) — A South Korean oil tanker held for months by Iran amid a dispute over billions of dollars seized by Seoul was freed and sailed away early Friday, just hours ahead of further talks between Tehran and world powers over its tattered nuclear deal. ...

US sanctions on Myanmar gems target key junta funding source

Apr. 09, 2021 06:50 AM EDT

BANGKOK (AP) — The latest U.S. sanctions on Myanmar target an army-controlled gems business rife with corruption and abuses that is one of the junta’s key sources of revenue. It’s unclear if the sanctions will do much to close the taps of income and royalties from...

Lavrov says US policy towards Russia is 'dumb,' ineffective

Apr. 08, 2021 12:00 PM EDT

MOSCOW (AP) — Russia's top diplomat on Thursday described U.S. policy toward Moscow as “dumb” and warned that his country will retaliate if Washington imposes new sanctions. Asked about the prospect of new sanctions from Washington, Foreign Minister Sergey Lavrov...

UN chief proposes targets to lift South Sudan arms embargo

Apr. 07, 2021 21:34 PM EDT

UNITED NATIONS (AP) — Secretary-General Antonio Guterres called Wednesday for implementation of the 2018 peace agreement in South Sudan, disarmament of former combatants and establishment of a truth and reconciliation commission as key targets in proposed benchmarks for the world’s newest...

EXPLAINER: Why is North Korea skipping the Tokyo Olympics?

Apr. 07, 2021 04:57 AM EDT

SEOUL, South Korea (AP) — North Korea, citing the coronavirus, has become the world's first country to drop out of the Tokyo Olympics. It's true that the North is extremely sensitive about COVID-19, knowing that a widespread outbreak in a country with an already...

Kim says North Korea facing its 'worst-ever situation'

Apr. 07, 2021 01:22 AM EDT

SEOUL, South Korea (AP) — North Korean leader Kim Jong Un has acknowledged his country was facing the “worst-ever situation” as he addressed thousands of grassroots members of his ruling party during a major political conference in Pyongyang. Experts say Kim is...