Latest U.S. Department of the Treasury News
Ex-UK Deputy Prime Minister John Prescott is hailed as a working-class hero after his death at 86
LONDON (AP) — British politician John Prescott, a pugnacious and personable former merchant seaman who rose to the post of deputy prime minister in Tony Blair's Labour government, has died at age 86. Prescott’s family announced his death on Thursday. They said the politician, who...
US sanctions group that builds illegal West Bank settlements, with close ties to Israeli government
WASHINGTON (AP) — The U.S. on Monday imposed sanctions on organizations and firms involved in illegal settlement development in the occupied West Bank, including a well-established decades-old group that has close ties with Israeli leadership. Treasury sanctioned Amana, the largest...
US sanctions 398 firms in more than a dozen countries, accusing them of helping Russia's war effort
WASHINGTON (AP) — The U.S. on Wednesday imposed sanctions on 398 firms across Russia, India, China and more than a dozen other nations, accusing them of providing products and services that enable Russia’s war effort and aid its ability to evade sanctions. The effort spearheaded...
US imposes sanctions on Chinese companies accused of helping make Russian attack drones
WASHINGTON (AP) — The U.S. Treasury Department on Thursday announced sanctions against two Chinese companies accused of directly helping Russia build long-range attack drones used in the war in Ukraine. It is the first time the U.S. has imposed penalties on Chinese makers of drone...
US Treasury sanctions a chain of ice cream shops and a pharmacy tied to the Sinaloa Cartel
MEXICO CITY (AP) — The U.S. Treasury Department on Tuesday said it sanctioned two Mexican businesses — an ice cream chain and a local pharmacy — for allegedly using proceeds of fentanyl trafficking to finance their operations tied to the Sinaloa cartel. Treasury’s Office of...
US hits more Georgian officials with asset freezes and visa bans for ‘undermining democracy’
WASHINGTON (AP) — The Biden administration is hitting more senior Georgian officials and others with sanctions for undermining the country’s democracy and violating basic human rights. The State and Treasury departments announced Monday that they had imposed asset freezes on two...
