This is Beirut - sanctions

Washington Lifts Broad Sanctions on Syria but Maintains Pressure on Assad Allies

This is Beirut, 09:55 - Reading : 1 minute(s)

State department United States Sanctions Syria Bachar el-Assad

The US Department of the Treasury has announced a sweeping overhaul of its sanctions' regime targeting Syria. In a statement released Wednesday, the Office of Foreign Assets Control (OFAC) announced the publication of a final rule amending the regulations on sanctions related to Syria. This update, which implements two presidential executive ...

EU Weighs Tariffs on Russian Oil Imports

This is Beirut, 24/09 16:45 - Reading : 1 minute(s)

European Union Russia Oil Slovakia Hungary Sanctions

The European Commission said Wednesday that it was working on potentially imposing tariffs on imports of Russian oil into the bloc, in the face of pressure from US President Donald Trump. Trump has demanded that Europe end energy imports from Moscow before agreeing to move ahead with punishing sanctions against Moscow over the war in ...

Iran's Carpet Industry Unravelling Under Sanctions

This is Beirut, 24/09 09:15 - Reading : 5 minute(s)

United States USA Sanctions Iran Persian carpets

Once a symbol of cultural prestige, Iran's handmade rugs are no longer selling as fast as they once did, as sanctions weigh on an already troubled economy and buyers' tastes change. Commanding more than $2 billion in export revenues in its heyday of the early 1990s, the industry now struggles to scrape together around $40 million, marking a ...

UN Security Council Rejects Bid to Stop Iran Sanctions “Snapback”

This is Beirut, 19/09 17:50 - Reading : 1 minute(s)

UN Iran Sanctions

The U.N. Security Council on Friday voted down a resolution that sought to prevent the automatic reimposition of sanctions on Iran’s nuclear program, just days before world leaders gather for the annual U.N. summit. The draft, introduced by South Korea, fell short of the nine votes needed. Only China, Russia, Pakistan, and Algeria backed ...

UN Security Council to Vote on Reimposing Sanctions Against Iran

This is Beirut, 18/09 20:05 - Reading : 1 minute(s)

Iran UN Security Council Sanctions

The UN Security Council will vote Friday on whether to reimpose sanctions on Iran over its nuclear program, the Council's presidency said, after Britain, France, and Germany triggered the process that led to the vote. The three European countries, signatories to the Joint Comprehensive Plan of Action (JCPOA) intended to stop Tehran from obtaining ...

Trump Threatens Russia with Sanctions after Biggest Aerial Attack on Ukraine

This is Beirut, 08/09 09:00 - Reading : 4 minute(s)

United States Russia Donald Trump Sanctions

US President Donald Trump threatened Sunday to impose more sanctions on Russia, after the Kremlin unleashed its biggest-ever aerial barrage at Ukraine. Russian missiles and drones rained down across Ukraine early Sunday, killing four people and setting government offices in the capital Kyiv ablaze. Trump told reporters after the assault he was ...

Banque du Liban Bans Inflow of Funds Linked to Sanctioned Entities

This is Beirut, 02/09 09:50 - Reading : 1 minute(s)

Banque du Liban Washington OFAC Sanctions

On Tuesday, the Banque du Liban (BDL) issued Circular No. 170, banning the direct or indirect entry of funds linked to Lebanese organizations subject to international sanctions, especially those imposed by the US Office of Foreign Assets Control (OFAC). The central bank cautioned that permitting such financial flows could endanger the ties ...

Iran and the Sanctions’ Reinstatement: From Balance to Isolation

Paul Guillot, 01/09 15:40 - Reading : 3 minute(s)

Banks Europe Iran Economy Sanctions

Three months after the “twelve-day war” with Israel, Iran is struggling to keep its economy afloat under severe US sanctions. With mounting military pressure, the return of European sanctions and the continuing collapse of its currency, the Islamic Republic has never been more vulnerable. Fragile Growth Despite decades of international ...

US Targets More ICC Judges Including over Israel

This is Beirut, 20/08 19:23 - Reading : 2 minute(s)

International Criminal Court Sanctions United States

The United States on Wednesday imposed sanctions on four more International Criminal Court judges or prosecutors, including from allies France and Canada, in a new effort to hobble the tribunal particularly over actions against Israel. "The Court is a national security threat that has been an instrument for lawfare against the United States ...

China Says 'Opposes' European Sanctions Over Iran Nuclear Programme

This is Beirut, 15/08 14:30 - Reading : 2 minute(s)

USA china iran europe nuclear sanctions

China said on Friday it "opposes" invoking fresh sanctions on Iran over its nuclear program after Britain, France and Germany told the United Nations they would reimpose them if no diplomatic solution is found by the end of August. China "opposes invoking" sanctions and "believes that it does not help parties build trust ...

Syria’s Economy Reportedly Rebuilt in Shadows by President’s Brother

This is Beirut, 24/07 16:00 - Reading : 1 minute(s)

Syria Economy Sanctions Reconstruction

A Reuters investigation uncovered a covert campaign to restructure Syria’s shattered economy, led by the new president’s brother, Hazem al-Sharaa, and an Australian of Lebanese descent, Abraham Succarieh, who is under international sanctions for alleged terrorism financing. Operating through an unannounced “shadow committee,” the pair has ...

UK Sanctions 135 Oil Tankers of Russia's Shadow Fleet

This is Beirut, 21/07 20:12 - Reading : 2 minute(s)

United Kingdom Russia Sanctions Oil Ukraine

Britain on Monday slapped sanctions on 135 oil tankers in Russia's shadow fleet, in a bid to disrupt the flow of money helping Moscow fund the war in Ukraine. A shipping services company and an oil trading firm were also sanctioned as part of the crackdown on a fleet "responsible for illicitly carrying $24 billion worth of cargo since ...

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