France, Germany and the UK have told the UN they are prepared to trigger the reimposition of sanctions on Iran unless it resumes negotiations with the US over its nuclear programme. The foreign ministers of the three countries — known collectively as the E3 — wrote to the UN on Tuesday to raise the spectre … Read more
Lithuania has banned Kaliningrad from imports from EU in response to sanctions imposed by EU. Lithuanian foreign minister claims it is just following EU sanctions. Nikolai Patrushev stated that “Russia would undoubtedly retaliate to such aggressive measures”. After Lithuania prohibited the rail transfer of some products to the Russian enclave of Kaliningrad, Russia threatened Lithuania … Read more
BRUSSELS – The EU on Wednesday excluded seven Russian banks from the global SWIFT network, as sanctions were ratcheted up over Moscow’s war on Ukraine. The seven banks cut out from the secure interbank messaging network that permits transactions are Russia’s second-biggest lender VTB Bank as well as Bank Otkritie, Novikombank, Promsvyazbank, Rossiya Bank, Sovcombank and VEB … Read more
TEHRAN – For literature lovers in sanction-hit Iran, a new novel has long provided a brief respite from a grinding economic crisis triggered by international pressure imposed over Tehran’s contested nuclear programme. But now losing yourself in a good book is becoming harder, as cash-strapped publishers struggle because the price of paper is soaring. “If … Read more
HAVANA – Decreed in February 1962 and still in place today, American sanctions against Cuba is one of the world’s longest-running boycotts by one country against another. Here are five things to know about the six-decade old trade ban. – Objective: Regime change – Executive order 3447 signed by John F Kennedy on … Read more
China is imposing sanctions on several US individuals and organisations in response to recent US sanctions on Chinese officials in Hong Kong. Those targeted include former US Commerce Secretary, Wilbur Ross, according to published reports on Saturday. The counter-sanctions come days before US Deputy Secretary of State Wendy Sherman is due to … Read more
