U.S. Treasury steps up pressure on Iran; Russia weighs boost for regime’s oil sector

U.S. Treasury steps up pressure on Iran; Russia weighs boost for regime’s oil sector

by WorldTribune Staff, September 6, 2019 As the United States ramped up its “maximum pressure” campaign against Iran via energy sector sanctions, Russia said it was considering offering a $10 billion lifeline to Teheran’s vital oil industry. The U.S. Treasury Department on Sept. 4 announced sanctions on 25 Iranian entities and 11 vessels while offering […]

Covering for Iran: Hizbullah’s London cache ‘hidden from public’

Covering for Iran: Hizbullah’s London cache ‘hidden from public’

FPI / June 16, 2019 Geostrategy-Direct.com Only months after the signing of the 2015 Iran nuclear deal, British security forces found several Hizbullah weapons caches which held thousands of explosives in northwest London. The discovery was kept “hidden from the public” so as not to “raise eyebrows,” the Daily Telegraph reported on June 10. Meanwhile, […]

Love on the rocks? U.S. tightened screws on N. Korea with new China sanctions

Love on the rocks? U.S. tightened screws on N. Korea with new China sanctions

by WorldTribune Staff, March 22, 2019 The United States on March 21 imposed new sanctions on two Chinese shipping companies which the U.S. Treasury Department said helped North Korea evade sanctions. But on Friday, President Donald Trump in a tweet walked back the decision after North Korea removed its representatives from the inter-Korean liaison office […]

‘Deep concern’: U.S. Treasury reminds Seoul that sanctions on N. Korea still in effect

‘Deep concern’: U.S. Treasury reminds Seoul that sanctions on N. Korea still in effect

by WorldTribune Staff, October 22, 2018 The U.S. Treasury Department said it has notified South Korean banks that “UN and U.S. sanctions on North Korea remain valid” after media reports surfaced saying the South was planning renewed financial cooperation with the North. A document drafted by South Korea’s Financial Services Commission (FSC) that was released […]

U.S. sanctions Turkish company for selling weapons, luxury goods to N. Korea

U.S. sanctions Turkish company for selling weapons, luxury goods to N. Korea

by WorldTribune Staff, October 5, 2018 The United States has sanctioned a Turkish company which attempted to sell weapons and luxury goods to North Korea, the U.S. Treasury Department said on Oct. 4. Sanctions were imposed on SIA Falcon International Group along with its CEO and general manager and a North Korean diplomat for breaching […]

U.S. hits Russian, Chinese firms for breaching N. Korea sanctions

U.S. hits Russian, Chinese firms for breaching N. Korea sanctions

by WorldTribune Staff, August 16, 2018 The U.S. Treasury Department on Aug. 15 announced new sanctions on a Russian port service agency which aided North Korean ships and a Chinese firm and its Singapore affiliate which sold alcohol and tobacco products to Pyongyang in breach of current U.S. sanctions. Russian-based Profinet Pte Ltd and its […]

Trump backs up UN address; Executive order targets tech, ‘sources of revenue’ to N. Korea

Trump backs up UN address; Executive order targets tech, ‘sources of revenue’ to N. Korea

by WorldTribune Staff, September 21, 2017 U.S. President Donald Trump on Sept. 21 signed an executive order that he said would “cut off sources of revenue” that fund North Korea’s nuclear weapons program. At a press conference, Trump said the new order enhances the Treasury Department’s authority to “target any individual or entity that conducts […]

Report: Obama’s cash payment to Iran was illegal

Report: Obama’s cash payment to Iran was illegal

by WorldTribune Staff, August 7, 2016 U.S. policy has always strictly prohibited the payment of a ransom to terrorists who take hostages as such a precedent encourages more terrorism. However, anti-terrorism sanctions prohibit the United States from “U.S. dollar- or other-currency denominated transactions” with Iran, a report said, meaning the Obama administration’s shipment of $400 […]