sanctions

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Cameron Meets Suu Kyi, Seeks End of Sanctions

Visits PM, opposition's Aung San Suu Kyi

(Newser) - David Cameron says he will support suspending the European Union's economic sanctions on Burma, which are to be reviewed by the end of the month. The British prime minister spoke after meetings with the country's reform-minded president, Thein Sein, and opposition leader Aung San Suu Kyi, who was...

Obama Clears Way for Sanctions on Iran

President says world market has enough oil to enact restrictions

(Newser) - President Obama today greenlighted sanctions designed to choke Iran's oil industry and pressure Tehran into giving up its nuclear ambitions. The decision comes after the White House established that there's enough crude oil in world markets to keep American allies steady if they reduce imports from Iran, reports...

Syria Sells Oil to China—Thanks to Iran

Meanwhile, Annan has message for Assad: Cease-fire, now

(Newser) - With the West united against the Syrian government and implementing a series of punishing sanctions, it's Iran and China to the rescue—as Chinese state-run firm Zhuhai Zhenrong bought an estimated $84 million in crude oil, and Iran supplied the boat to transport it, reports Reuters . The Malta-flagged vessel...

Syria: 89% Approved New Constitution

West not convinced, though much of opposition may have boycotted

(Newser) - Syria's new constitution was backed by more than 89% of voters, the nation's Interior Ministry announced today, even as violence continues to rage across the country and the West decries the referendum as a sham . The Interior Ministry claims that more than 57% of Syria's 14 million...

Iran Cuts Oil to UK, France
 Iran Cuts Oil to UK, France 
Feb 19, 2012 10:03 AM CST

Iran Cuts Oil to UK, France

Oil ministry issues ultimatums to European refineries to sign long-term contracts

(Newser) - Iran has halted oil shipments to Britain and France, the Oil Ministry said today, in an apparent pre-emptive blow against the European Union's sanctions on Iran's oil exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country's central bank assets...

Iran Helping Syria Skirt Sanctions

And Russia is shipping in weapons

(Newser) - Iran is quietly helping Syria evade US and European Union sanctions by selling its oil on the international market, US officials have discovered. Transit records show that one shipment last month saw more than 91000 metric tons of crude sent to Iran, the Wall Street Journal reports. An Iranian spokesman...

Amid Sanctions, Iranians Expect War

Iran announces new Strait of Hormuz exercises

(Newser) - Western officials are fairly sanguine that Iran's recent provocations are only posturing. But on the streets of Tehran, sanctions are taking a real toll, and the populace expects violence, the Washington Post reports. The country is in the midst of a currency crisis that has made prices shoot up...

US Sanctions Batter Iran's Currency

Ordinary Iranians scrambling to exchange sliding rial

(Newser) - The latest US sanctions against Iran have left Iranians scrambling for American dollars. President Obama has signed a bill placing Iran's central bank under sanctions, a move that sent Iran's currency tumbling 12% to a record low against the dollar. The rial has now lost 35% of its...

Iran Threatens to Block Flow of Gulf Oil

...if US, EU impose sanctions

(Newser) - A blustering Iran yesterday threatened to choke the flow of oil through the Gulf's Strait of Hormuz if the West imposes sanctions on its oil exports—sanctions that the the White House is prepping and the EU is considering as a way to punish the country for its nuclear...

Iran Admits It: Sanctions Hurt
 Iran Admits It: Sanctions Hurt 
Dec 20, 2011 2:14 PM CST

Iran Admits It: Sanctions Hurt

Oil production is down thanks to lack of foreign investment

(Newser) - Iran likes to feign indifference in the face of Western economic sanctions, but the strains are starting to show, the New York Times observes, with the country’s deputy oil minister openly acknowledging yesterday that oil production was declining “due to lack of investment in oil field development.”...

Arab League Sanctions Syria
 Arab League Sanctions Syria 
Nov 27, 2011 9:22 AM CST

Arab League Sanctions Syria

Syria calls move a betrayal of Arab solidarity

(Newser) - The Arab League has approved sanctions against Syria to pressure the regime to end its deadly eight-month crackdown on dissent. Damascus slammed the move as a betrayal of Arab solidarity. At a press conference in Cairo, Qatar Foreign Minister Hamad bin Jassim said 19 of the League's 22 member...

Obama: Assad 'Slaughtering' His People, Must Go

US to announce new sanctions against Syria later today

(Newser) - After weeks of brutal violence that has left more than 2,000 Syrians dead, President Obama today called for Syrian President Bashar al-Assad to resign for the first time and announced new sanctions against the country, reports the AP . "We have consistently said that President Assad must lead a...

Chavez Jokes About Missiles Aimed at US

Venezuelan leader slams new US sanctions

(Newser) - Poking fun at American fears about Venezuela's ties with Iran and irked by new sanctions, Hugo Chavez quipped about having missiles pointed at the US. "Here they are," he said, holding up a picture of windmills along the country's coast. "They are pointing directly at...

US Sanctions Syria&#39;s Assad
 US Sanctions Syria's Assad 
May 18, 2011 1:27 PM CDT

US Sanctions Syria's Assad

Move raises speculation US wants him out

(Newser) - The US has taken the dramatic step of personally sanctioning Syria’s president and a number of his top aides, in an attempt to pressure him to stop his ongoing violent crackdown on dissent. The Treasury Department will freeze all of Bashar al-Assad’s assets that are within US jurisdiction,...

Libyan Rebels Seek $3B in Loans

Benghazi leaders warn funds are running low

(Newser) - The rebels who have set up an interim government in eastern Libya say they're running out of money to fund operations and are seeking up to $3 billion in loans. The rebel operation warns that it may soon be unable to pay public employees or provide food and medicine...

Freeze Gadhafi's Assets? It's Tough With Name Like That

Arabic names prove tricky for banks

(Newser) - It's hard for an international bank to freeze Moammar Gadhafi's assets when no one's quite sure how to spell his name. The US Treasury Department offers up 12 different options, but language experts say there are actually more than 100 variations for "Gadhafi" alone. It's...

Secret Scads of Cash Bankroll Gadhafi's Fight

Libyan leader likely has access to 'tens of billions'

(Newser) - The US alone has frozen nearly $32 billion of Libya’s assets, so how can Moammar Gadhafi afford to keep fighting? Easy: piles of cash amounting to “tens of billions,” officials tell the New York Times . Gadhafi has been hoarding cash in Tripoli, keeping it out of the...

US Imposes Libya Sanctions
 US Imposes Libya Sanctions  
Feb 25, 2011 3:25 PM CST

US Imposes Libya Sanctions

They will likely go after money held by Gadhafi and his inner circle

(Newser) - The White House announced new sanctions on Libya's government and temporarily abandoned its embassy in Tripoli today, as a final flight carrying American citizens departed from the war-ravaged capital. The Obama administration announced unilateral sanctions against the regime of Moammar Gadhafi. White House spokesman Jay Carney said the government was...

Iran Aims to Set Up Covert Banks in Muslim Countries

Tehran is trying to work around sanctions on its banking industry

(Newser) - Iran is attempting to set up undercover banks across the Muslim world, hiding the institutions’ origins with fake names and misleading bureaucracy, the Washington Post reports. Iran is keeping establishments in countries like Iraq and Malaysia shrouded in secrecy as a means of working around tough sanctions, including the Treasury...

US Levies New Sanctions on N. Korea

Clinton, Gates visit DMZ, show solidarity with South

(Newser) - The Obama administration pushed new sanctions today against North Korea over its nuclear weapons program, as Secretary of State Hillary Rodham Clinton and Defense Secretary Robert Gates announced new measures during a visit to the DMZ four months after the sinking of a South Korean warship blamed on the North....

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