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Keyword: sanctions

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  • No sanctions relief for North Korea until 'complete, verifiable, irreversible denuclearization'...

    06/13/2018 8:48:50 PM PDT · by caww · 15 replies
    washingtonexaminer ^ | 6/13/2018 | Christian Datoc
    Secretary of State Mike Pompeo held a press conference with his Japanese and South Korean counterparts Thursday morning in Singapore to elaborate on the post Trump-Kim summit strategy for denuclearizing the Korean Peninsula. Pompeo called the Singapore meetings between President Trump and North Korean dictator Kim Jong Un an enormous opportunity and turning point for advancing North Korea's relations with the U.S., its neighbors in Asia, and the rest of the global community. Pompeo reiterated that both leaders are committed to complete, verifiable, irreversible denuclearization before adding that the process would involve considerable coordination with Japan and South Korea.
  • Congress Moving To Block Trump Deal With China's ZTE Over Iran Sanctions Violations

    06/13/2018 9:00:46 AM PDT · by CondoleezzaProtege · 9 replies
    RFE/RL ^ | June 12, 2018 | AP and Reuters
    U.S. President Donald Trump's Republican allies in Congress are moving to block his deal to put Chinese telecom giant ZTE back in business if it pays $1 billion more in fines for violating U.S. sanctions against Iran. The Chinese company has been accused of violating U.S. sanctions by selling sensitive equipment to both North Korea and Iran. After Trump announced his deal with China and ZTE last week, Senate leaders said they would seek to reverse it. Republican and Democratic lawmakers introduced the amendment. Among other things, it would restore penalties on ZTE for violating U.S. export controls and bar...
  • After North Korea, Trump now wants a 'real deal' with Iran

    06/12/2018 2:35:58 PM PDT · by Colonel Kangaroo · 14 replies
    CNBC ^ | 6-12-2018 | Holy Ellyatt
    Basking in the afterglow of his apparently constructive meeting with North Korean leader Kim Jong Un, President Donald Trump said that he'd soon like a "real deal" with the U.S.' other long-time enemy Iran. Speaking to reporters following a historic meeting with Kim, at which the regime's leader signed an agreement that appeared to commit to the "complete denuclearization of the Korean Peninsula," Trump said he hoped relations could also improve, in time, with Iran. "I hope that, at the appropriate time, after the sanctions kick in — and they are brutal what we've put on Iran — I hope...
  • North Korean diplomats are beating sanctions to raise cash with this Berlin hostel

    06/11/2018 1:37:42 PM PDT · by 2ndDivisionVet
    KUOW-FM ^ | June 11, 2018 | Valerie Hamilton
    Step into the City Hostel Berlin and you'd be forgiven for not noticing anything strange at all. The budget backpacker hotel near the Brandenburg Gate in former East Berlin has a spacious lobby, a big-screen TV, a pool table and room for hundreds of guests in its no-frills shared bunkbed rooms. Multilingual receptionists hand out rental towels and bartenders take orders for 12 kinds of beer at the hostel's busy bar. But a few steps away from the building, a North Korean flag flies discreetly between the hostel and the Socialist dictatorship's bleak embassy building next door. North Korea owns...
  • No, Tariffs are Not 'Domestic Sanctions'

    06/11/2018 11:38:09 AM PDT · by Thalean · 98 replies
    American Greatness ^ | June 11, 2018 | Spencer P Morrison
    The Democratic People’s Republic of Korea (North Korea) is not democratic—it’s barely even a republic. The same goes for the Democratic Republic of the Congo, and the Lao People’s Democratic Republic (Laos). In fact, if a country includes democratic in its name, you can safely assume that it’s not democratic. This is a classic example of, what I like to call, the wisdom of irony: things are often not what they claim to be, and the more they claim, the less they are. Consider Reason Magazine. In a recent piece, columnist A. Barton Hinkle argues that tariffs are sanctions, since...
  • U.S. Announces More Sanctions on Russia

    06/11/2018 10:14:28 AM PDT · by CondoleezzaProtege · 5 replies
    Treasury Secretary Steven T. Mnuchin: "The United States is engaged in an ongoing effort to counter malicious actors working at the behest of the Russian Federation and its military and intelligence units to increase Russia’s offensive cyber capabilities. The entities designated today have directly contributed to improving Russia’s cyber and underwater capabilities through their work with the FSB and therefore jeopardize the safety and security of the United States and our allies.” “The United States is committed to aggressively targeting any entity or individual working at the direction of the FSB whose work threatens the United States and will continue...
  • US hits China's ZTE with $1 billion penalty in deal to end crippling sanctions, Secretary Ross says

    06/07/2018 7:51:25 AM PDT · by SeekAndFind · 16 replies
    CNBC ^ | 06/07/2018 | Berkeley Lovelace Jr. and Anita Balakrishnan
    The U.S. has struck a deal with Chinese telecom giant ZTE to end crippling American sanctions, Commerce Secretary Wilbur Ross told CNBC on Thursday. The department said the deal includes a $1 billion penalty against ZTE and a U.S.-chosen compliance team. "We are literally embedding a compliance department of our choosing into the company to monitor it going forward. They will pay for those people, but the people will report to the new chairman," Ross said in a "Squawk Box" interview. ZTE's latest brush with U.S. regulators came after the company's business dealings with Iran and North Korea violated U.S....
  • Obama administration allegedly gave Iran access to US financial system

    06/06/2018 3:48:31 AM PDT · by knighthawk · 11 replies
    Fox News ^ | June 6 2018 | Rich Edson
    The Obama administration granted a license letting Iran access the United States financial system despite officials’ pledges that they would prohibit it, according to a draft report from the Senate’s Permanent Subcommittee on Investigations. “On Feb. 24, 2016, the Treasury Department issued a specific license to Bank Muscat to authorize the conversion of Iran’s rials to euros through ‘any United States depository institution …,’” the draft report said. “Even after the specific license was issued, U.S. government officials maintained in congressional testimony that Iran would not be granted access to the U.S. financial system.” “The Obama administration during the negotiation...
  • Russia enters North Korean diplomatic fray as Lavrov calls for phased lifting of sanctions on visit.

    05/31/2018 12:34:43 AM PDT · by caww · 94 replies ^ | 31 MAY 2018 • 6:09AM | Julian Ryall, in tokyo
    Immediately after touching down in N.Korea, Mr Lavrov called for the phased lifting of sanctions on North Korea, suggesting that Pyongyang would not give up its nuclear weapons until the sanctions were scaled back. “As for sanctions, it is absolutely obvious that, as we start discussions on how to resolve the nuclear problem on the Korean Peninsula, it is understood that the solution cannot be comprehensive without the lifting of sanctions”, Mr Lavrov said in a press conference. “This cannot be achieved at one go”, he added. “There can be no immediate denuclearisation, this should be done step by step...
  • WaPo: US determining who will pay for North Korea leader's hotel room

    06/02/2018 5:51:44 PM PDT · by 2ndDivisionVet · 67 replies
    CNN Politics ^ | June 2, 2018 | Veronica Stracqualursi
    As preparations are underway for a US-North Korea summit, US officials are trying to solve the logistical issue of who will pay for North Korean leader Kim Jong Un's housing, according to a new report. A week after abruptly scrapping the summit with Kim, President Donald Trump announced Friday that the historic talks were back on for June 12 in Singapore. With its economy weakened from tough sanctions, Pyongyang is requiring that another country pay for Kim and his delegation's hotel bill, The Washington Post reported Friday. According to the Post, Kim is demanding to stay at the luxury, five-star...
  • Turkey moves gold to Switzerland – local news

    05/27/2018 2:02:55 PM PDT · by Texas Fossil · 87 replies
    Ahval (Events) ^ | May 24 2018 | none stated
    A Swiss news site has said that the Turkish treasury has moved 19 tons of gold to Switzerland from the United States in an attempt to dodge potential sanctions. BZ Basel said the Bank for International Settlements in Basel, which is officially extraterritorial, with not even Swiss police being able to enter, had taken the shipment from Fort Knox. The news site speculated that one reason for Turkey removing the reserves from the United States could be fear over possible economic sanctions on the country’s state owned bank Halkbank, which faces a likely fine following revelations that it allowed Iran to...
  • The White House is hinting it could ramp up sanctions against North Korea

    05/24/2018 4:23:05 PM PDT · by 2ndDivisionVet · 13 replies
    Vox ^ | May 24, 2018 | Zeeshan Aleem
    A senior White House official says that the US is “still short” of applying maximum pressure to Pyongyang. Hours after President Trump canceled his summit with North Korean leader Kim Jong Un, Trump’s administration hinted that it might ratchet up sanctions against his country. A senior White House official told reporters on Thursday that the administration’s goal is to “achieve maximum pressure” on Kim’s government using sanctions, and that “we’re still short of that.” “It’s like painting the Golden Gate bridge,” the senior administration official said. “It starts peeling as soon as you finish, and so you have to keep...
  • Iranian commander threatens Pompeo

    05/22/2018 10:02:04 PM PDT · by Eleutheria5 · 19 replies
    Arutz Sheva ^ | 23/5/18 | Elad Benari
    A senior Iranian military commander on Tuesday threatened that Iranians would punch U.S. Secretary of State Mike Pompeo in the mouth, a day after the top American diplomat announced that Washington would impose unprecedented sanctions against the Islamic Republic. “The people of Iran should stand united in the face of this and they will deliver a strong punch to the mouth of the American Secretary of State and anyone who backs them,” Ismail Kowsari, the deputy commander of the Sarollah Revolutionary Guards base in Tehran said, as quoted by Reuters. Limiting Iran’s missile capabilities was one of Pompeo’s main demands...
  • Multinationals abandon Iran despite EU efforts to rescue nuclear deal

    05/21/2018 7:08:16 AM PDT · by GonzoII · 9 replies
    Rudaw ^ | 18/5/2018 | Ahmed Y. Hamza
    ERBIL, Kurdistan Region – The European Commission has launched a process to protect the interests of EU companies investing in Iran as part of its commitment to the 2015 nuclear deal. However, a number of firms are already pulling out to protect their far larger US investments from sanctions. ...snip However, multinational companies have not waited for EU leaders to find a way around US sanctions. Some have already begun cutting trade with Iran. On May 16, French oil company Total announced its intension to end its project in Iran unless it is exempted from sanctions after the US pulled...
  • How the FBI and CIA Restarted the Cold War to Protect Themselves

    05/20/2018 8:17:25 PM PDT · by ColtMeadows · 20 replies
    Townhall ^ | May 20, 2018 | Thomas J. Farnan
    On December 29, 2016, the Obama Administration – with three weeks remaining in its term – issued harsh sanctions against Russia over supposed election interference. Two compounds in the United States were closed and 35 Russian diplomats were ordered to leave the country. Russia responded by calling the actions “Cold War déjà vu.” In the two years that have elapsed since, it has been learned that the “intelligence” that formed the basis for the sanctions was beyond dubious. A single unverified “dossier” compiled by an ex-British spy with no discernable connections to Russia was shopped to FISA judges and the...
  • Doomed? Why Iran's Economic Mess Will Get Worse

    05/20/2018 1:37:48 AM PDT · by TigerLikesRooster · 22 replies
    The Baghdad Post ^ | May 19 2018 | Simon Constable
    Doomed? Why Iran's Economic Mess Will Get Worse Simon Constable The matter at hand is the decision earlier this month by the Trump administration not to certify the so-called nuclear deal, and that means Iran will soon be subject to harsh U.S. sanctions. Overall the result will be a squeezed economy. Current situation Even the latest official statistics for the Iranian economy don't look good. The unemployment rate stands at 11.9% and the inflation rate at 8.3%, according to However, at least some of the government figures may be more aspirational than actual. Take, for instance, the inflation rate....
  • Denmark's Maersk Tankers ends Iran shipping after renewed US sanctions

    05/17/2018 9:43:01 AM PDT · by Salman · 10 replies
    The Local (Denmark) ^ | 17 May 2018 | AFP/The Local
    Danish shipping group Maersk Tankers on Thursday said it would cease its activities in Iran due to the US decision to leave a landmark nuclear deal and reimpose sanctions against Tehran. Maersk Tankers would honour customer agreements entered into before May 8th, but then wind them down by November 4th, "as required by the reimposed US sanctions," the company told AFP. The group said it "has been transporting cargoes for customers in and out of Iran on a limited basis," without providing precise figures for its activities.
  • Iran in Panic Mode, Scrambles to Save Nuclear Deal

    05/15/2018 3:31:16 PM PDT · by detective · 49 replies
    Washington Free Beacon ^ | May 15, 2018 | Adam Kredo
    The Iranian ruling regime is racing to save the landmark nuclear deal after President Donald Trump bucked European powers and walked away from the agreement with a vow to reimpose a package of harsh sanctions on the Islamic Republic, according to U.S. officials and regional experts who say the hardline regime is scared about losing the sweetheart deal. Leading Iranian officials have been locked in tense meetings with European countries and former U.S. officials to ensure they continue to uphold the deal and keep doing business with the Islamic Republic.
  • Boeing Trade-Case Win Prompts New Trump Threat of EU Sanctions

    05/15/2018 12:15:20 PM PDT · by SpeedyInTexas · 68 replies
    Bloomberg Link | 05/15/2018 | Julie Johnsson , Benjamin D Katz , and Bryce Baschuk
    Bloomberg Link:
  • Bolton: Sanctions possible on European companies that trade with Iran

    05/13/2018 4:06:37 PM PDT · by Eleutheria5 · 10 replies
    Arutz Sheva ^ | 13/5/18
    ...John Bolton said on Sunday that Washington might impose sanctions on European companies trading with Iran. Interviewed by CNN, Bolton said it depends on the behavior of other governments. He said he thought the Europeans would understand that it is in their interest to get along with the US.