Latest Sanctions and embargoes News

Thai banks are the top suppliers of financial services to Myanmar’s military, UN expert says

Jun. 26, 2024 12:42 PM EDT

BANGKOK (AP) — Thai banks have become the main supplier of international financial services for Myanmar’s military government, enabling it to purchase goods and equipment to carry out its increasingly bloody war against pro-democracy resistance forces and armed ethnic minority groups, a U.N....

US and allies clash with Tehran and Moscow over Iranian nuclear program at UN Security Council

Jun. 25, 2024 00:29 AM EDT

UNITED NATIONS (AP) — The United States and its key European allies clashed with Iran and Russia over Tehran’s expanding nuclear program, with the U.S. vowing “to use all means necessary to prevent a nuclear-armed Iran” in a U.N. Security Council meeting on Monday. The U.S.,...

Iranian presidential candidates debate foreign policy ahead of Friday vote

Jun. 24, 2024 17:47 PM EDT

TEHRAN, Iran (AP) — Iran’s presidential candidates discussed the country’s foreign policy Monday in a three-hour live debate, promising to seek better relations with other nations and work to have sanctions on their country lifted. The televised debate was the fourth in a...

The EU targets Russia's LNG ghost fleet with sanctions as concern mounts about hybrid attacks

Jun. 24, 2024 13:11 PM EDT

BRUSSELS (AP) — The European Union on Monday slapped new sanctions on Russia over its war on Ukraine, targeting Moscow’s shadow fleet of tankers moving liquefied natural gas through Europe as well as several companies. At a meeting in Luxembourg, where the sanctions were...

China sanctions several Lockheed Martin units, three executives over arms deals with Taiwan

Jun. 21, 2024 09:41 AM EDT

BEIJING (AP) — China said Friday it has banned a number of business units of American aviation manufacturer Lockheed Martin Corp. and three of its executives over arms deals the company has signed with Taiwan, the self-ruling island it claims as its own territory. The statement...

EU envoys agree on more Russia sanctions. LNG imports are among the targets.

Jun. 20, 2024 07:38 AM EDT

BRUSSELS (AP) — European Union ambassadors have reached agreement on a “powerful and substantial” new series of sanctions that are part of its ongoing response to Russia’s invasion of Ukraine, the bloc’s Belgian presidency said Thursday. “This package provides new...

Russia and North Korea sign partnership deal that appears to be the strongest since the Cold War

Jun. 19, 2024 17:32 PM EDT

HANOI, Vietnam (AP) — Russian President Vladimir Putin and North Korean leader Kim Jong Un signed an agreement Wednesday that pledges mutual aid if either country faces “aggression,” a strategic pact that comes as both face escalating standoffs with the West. Details of the...

Treasury sanctions network connected to separatist Bosnian leader

Jun. 18, 2024 14:13 PM EDT

WASHINGTON (AP) — A network of people and firms that support the sanctioned president of Bosnia’s Serb-run portion, Milorad Dodik, has been hit with a new round of sanctions. Treasury’s Office of Foreign Assets Control on Tuesday designated two people and seven companies that...

Iran's presidential candidates debate economic policies ahead of the June 28 vote

Jun. 17, 2024 18:29 PM EDT

TEHRAN, Iran (AP) — Six presidential candidates on Monday discussed Iran's economic problems in a four-hour live debate on state TV, ahead of the June 28 presidential election following a helicopter crash last month that killed President Ebrahim Raisi and seven others. It was the...

US widens sanctions on Russia to discourage countries such as China from doing business with Moscow

Jun. 12, 2024 12:27 PM EDT

The United States widened its sanctions against Russia Wednesday as G7 leaders prepared to gather in Italy for a summit where the top priorities will be boosting support for Ukraine and grinding down Russia’s war machine. Wednesday's package targeted Chinese companies which help...