Latest Sanctions and embargoes News

G7 ministers eye targeted sanctions on Iran and a message of restraint for Israel at Italy meeting

Apr. 17, 2024 14:34 PM EDT

CAPRI, Italy (AP) — Group of Seven foreign ministers are meeting on the Italian resort island of Capri, with the agenda topped by calls Wednesday for targeted new sanctions against Iran over its attack against Israel and more aid to Ukraine to fight Russia’s war. Under Italy’s...

Regulators pleased Union Pacific is using fewer temporary shipping limits

Apr. 17, 2024 14:22 PM EDT

OMAHA, Neb. (AP) — Union Pacific dramatically reduced its use of temporary limits on some businesses' shipments over the past year after its customers complained, but regulators said Wednesday the railroad must go further to be in line with the other major freight railroads that rarely use such...

French president calls for tougher sanctions against Iran as EU leaders gather for a summit

Apr. 17, 2024 14:18 PM EDT

BRUSSELS (AP) — French President Emmanuel Macron on Wednesday urged his European Union counterparts to ramp up sanctions against Iran as concern grows that its unprecedented attack on Israel could fuel a wider war in the Middle East. Macron’s remarks came as EU leaders gathered...

Envoy says US is determined to monitor North Korean nukes, through UN or otherwise

Apr. 17, 2024 10:00 AM EDT

SEOUL, South Korea (AP) — The United States and its allies are discussing options “both inside and outside the U.N. system” to create a new mechanism for monitoring North Korea over its nuclear weapons program, the American ambassador to the United Nations said Wednesday. ...

Yellen says Iran's actions could cause global 'economic spillovers' and warns of more sanctions

Apr. 16, 2024 11:21 AM EDT

WASHINGTON (AP) — Treasury Secretary Janet Yellen warned Tuesday of potential global economic damage from rising tensions in the Middle East and pledged that the U.S. and its allies won't hesitate to use their sanctions powers to address Iran's "malign and destabilizing activity” in the region....

China sanctions 2 US defense companies and says they support arms sales to Taiwan

Apr. 11, 2024 20:35 PM EDT

BEIJING (AP) — China on Thursday announced rare sanctions against two U.S. defense companies over what it called their support for arms sales to Taiwan, the self-governing island democracy Beijing claims as its own territory to be recovered by force if necessary. The announcement...

2 Russian businessmen linked to Alfa Group win court case over EU sanctions

Apr. 10, 2024 07:48 AM EDT

BRUSSELS (AP) — Russian businessmen Mikhail Fridman and Petr Aven won a court case Wednesday over a European Union decision to sanction them for their alleged role in Russia’s war against Ukraine. The EU General Court said a lack of evidence justified their removal from a list of...

Russia and West join forces to tackle trade in 'blood diamonds' despite feud over Moscow's diamonds

Apr. 04, 2024 01:19 AM EDT

UNITED NATIONS (AP) — The United States and its Western allies are feuding with Russia over its diamond production, but they joined forces Wednesday to keep supporting the Kimberley Process, which aims to eliminate the trade in “blood diamonds” that helped fuel devastating conflicts in...

Russian veto brings an end to the UN panel that monitors North Korea nuclear sanctions

Mar. 28, 2024 16:17 PM EDT

UNITED NATIONS (AP) — A veto Thursday by Russia ended monitoring of U.N. sanctions against North Korea over its nuclear program, prompting Western accusations that Moscow is seeking to avoid scrutiny as it allegedly violates the sanctions to buy weapons from Pyongyang for its war in Ukraine. ...

Myanmar's military makes its annual parade of strength despite unprecedented battlefield losses

Mar. 28, 2024 01:35 AM EDT

BANGKOK (AP) — The head of Myanmar’s ruling military council marked Armed Forces Day on Wednesday with a speech claiming that the nation’s youth were being tricked into supporting the resistance against army rule, and that ethnic armed groups allied with the resistance engage in drug...