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Tag: us sanctions

  • US Imposes Sanctions On 4 Companies Aiding In Pakistan’s Ballistic Missile Programme |

    New Delhi: The United States on Friday enforced sanctions on four companies providing missile components to Pakistan. Among these is a Belarus-based firm, and the other three are based in China and responsible for supplying items to aid Pakistan’s ballistic missile programme.  

    “The Department of State is designating four entities pursuant to Section 1(a)(ii) of Executive Order 13382, which targets proliferators of weapons of mass destruction and their means of delivery. These entities have supplied missile-applicable items to Pakistan’s ballistic missile program, including its long-range missile program,” reported ANI, citing a statement from the US Department of State.  

    The sanctioned entities comprise three Chinese companies: Xi’an Longde Technology Development Company Limited, Tianjin Creative Source International Trade Co. Ltd., and Granpect Company Limited, alongside the Belarus-based Minsk Wheel Tractor Plant.  

    Due to today’s action, any assets or belongings of the mentioned individuals in the United States or held by U.S. individuals are frozen and must be reported to the Department of Treasury’s Office of Foreign Assets Control (OFAC), asserted the statement.  

    As per the order, if any individuals or entities are owned, either directly or indirectly, by 50 percent or more of blocked persons, they are also considered blocked. Any transactions involving property or interests in property of designated or blocked persons by U.S. individuals or within the United States are not allowed unless permitted by a license from OFAC or exempt. This includes giving or receiving contributions, funds, goods, or services to or from blocked persons.  

    According to the US Department of State’s statement, the Belarus-based firm used to supply special vehicle chassis that are used as launch support equipment for ballistic missiles. Meanwhile, Granpect Company Limited has supplied missile-related equipment, including a filament winding machine. Granpect Company Limited has also collaborated with Pakistan’s Space and Upper Atmosphere Research Commission (SUPARCO) to furnish equipment for testing large-diameter rocket motors. The firm also partnered with Pakistan’s NDC to supply equipment for testing large-diameter rocket motors.  

    Tianjin Creative Source International Trade Co. Ltd., based in the People’s Republic of China, has provided stir welding equipment (deemed by the United States as capable of manufacturing propellant tanks for space launch vehicles) and a linear accelerator system (viewed by the United States as suitable for inspecting solid rocket motors).

  • US sanctions Indian company for Iran oil deal

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    NEW DELHI:  America has slapped sanctions in opposition to an Indian corporate, Tibalaji Petrochem Non-public Limted, in conjunction with others from the UAE and Hong Kong for promoting Iranian petrochemicals to finish customers in South and East Asia.

    “The entities that experience performed a important position in concealing the foundation of the Iranian shipments and enabling two sanctioned Iranian agents, Triliance Petrochemical Co. Ltd. (Triliance) and Persian Gulf Petrochemical Business Industrial Co. (PGPICC), to switch price range and send Iranian petroleum and petrochemicals to patrons in Asia,’’ stated the United States Division of Treasury’s Place of job of Overseas Belongings Keep watch over (OFAC).

    As for Tibalaji, the OFAC alleged that it bought hundreds of thousands of greenbacks value of Triliance-brokered petrochemical merchandise, together with methanol and base oil, for onward cargo to China. Officers in India reserved remark at the sanctions.

    America additionally imposed sanctions on two entities in China, Zhonggu Garage and Transportation Co Ltd and WS Transport Co Ltd, for his or her involvement in Iran’s petrochemical industry. “This motion objectives Iranian agents and a number of other entrance firms within the UAE, Hong Kong, and India,’’ the OFAC stated.

    No import since 2019
    India stopped crude oil imports from Iran in mid-2019 throughout the Trump regime after the United States made up our minds in opposition to renewing sanction waiver to more than a few international locations, together with India

    NEW DELHI:  America has slapped sanctions in opposition to an Indian corporate, Tibalaji Petrochem Non-public Limted, in conjunction with others from the UAE and Hong Kong for promoting Iranian petrochemicals to finish customers in South and East Asia.

    “The entities that experience performed a important position in concealing the foundation of the Iranian shipments and enabling two sanctioned Iranian agents, Triliance Petrochemical Co. Ltd. (Triliance) and Persian Gulf Petrochemical Business Industrial Co. (PGPICC), to switch price range and send Iranian petroleum and petrochemicals to patrons in Asia,’’ stated the United States Division of Treasury’s Place of job of Overseas Belongings Keep watch over (OFAC).

    As for Tibalaji, the OFAC alleged that it bought hundreds of thousands of greenbacks value of Triliance-brokered petrochemical merchandise, together with methanol and base oil, for onward cargo to China. Officers in India reserved remark at the sanctions.

    America additionally imposed sanctions on two entities in China, Zhonggu Garage and Transportation Co Ltd and WS Transport Co Ltd, for his or her involvement in Iran’s petrochemical industry. “This motion objectives Iranian agents and a number of other entrance firms within the UAE, Hong Kong, and India,’’ the OFAC stated.

    No import since 2019
    India stopped crude oil imports from Iran in mid-2019 throughout the Trump regime after the United States made up our minds in opposition to renewing sanction waiver to more than a few international locations, together with India

  • US Treasury legit heads to India to speak about Russian oil purchases

    A Biden management legit headed to India on Tuesday to speak with officers and personal business about US sanctions, the Treasury Division mentioned, as Washington seeks to stay India’s purchases of Russian oil from emerging.

    Elizabeth Rosenberg, the assistant secretary for Terrorist Financing and Monetary Crimes, will talk over with New Delhi and Mumbai thru Thursday, a Treasury spokesperson mentioned.

    Every other senior US legit informed Reuters on March 31 {that a} vital build up in Russian oil exports by way of India may disclose New Delhi to “nice possibility” as Washington prepares to step up enforcement of sanctions towards Moscow after its invasion of Ukraine.

    Rosenberg’s talk over with is a part of a much wider Biden management effort to fan out to companions and allies world wide to speak with officers and business about implementation of US sanctions and export controls, the Treasury spokesperson mentioned.

    “It’s vital to speak to the portions of the sector which are sturdy US companions on an entire host of different problems, and ensure we’re in shut touch about our sanctions regime and dealing in combination to crack down on any evasion alternatives or evasion actions,” the spokesperson mentioned.

    India, the sector’s No. 3 oil importer, boosted Russian oil imports in April to about 277,000 barrels in line with day, up from 66,000 bpd in March as refiners purchase the discounted crude avoided by way of many Western international locations and corporations.

    Present US sanctions towards Russia don’t save you different international locations from purchasing Russian oil. However Biden management officers have thought to be so-called secondary sanctions that would prohibit the ones purchases. Price lists and worth caps on Russian oil in addition to hanging proceeds from Russian oil gross sales into escrow accounts that its oil dealers may faucet just for sure purchases were into consideration. There were no indications that such measures are approaching.

    Rosenberg used to be anticipated to fulfill with each Indian govt officers and personal and state refining corporations and different companies on subjects starting from sanctions to meals safety.

  • Biden blocks industry, funding in portions of Ukraine recognised as unbiased by means of Russia

    US President Joe Biden on Monday signed an govt order blockading industry and funding in portions of Ukraine which were recognised as unbiased by means of his Russian counterpart Vladimir Putin.

    The White Area, which described the Russian movements as blatant violation of Moscow’s global commitments, stated that financial sanctions are within the pipeline.

    The transfer got here as Putin escalated the Ukrainian disaster by means of recognising two Russian separatist-held areas in Ukraine as unbiased.

    “We now have expected a transfer like this from Russia and are in a position to reply right away,” White Area Press Secretary Jen Psaki stated.

    The Government Order signed by means of Biden prohibits new funding, industry and financing by means of US individuals to, from, or within the “so-called DNR and LNR areas” of Ukraine, she stated.

    The chief order additionally supplies authority to impose sanctions on any individual made up our minds to perform in the ones spaces of Ukraine.

    “To be transparent: those measures are break free and could be along with the swift and serious financial measures now we have been getting ready in coordination with allies and companions will have to Russia additional invade Ukraine,” she stated, including that the United States is constant to carefully visit allies and companions, together with Ukraine, on subsequent steps and on Russia’s ongoing escalation alongside the border with Ukraine.

    Biden on Monday spoke with French President Emmanuel Macron and German Chancellor Olaf Scholz about Russia’s ongoing escalation alongside the borders of Ukraine.

    “The leaders strongly condemned President Putin’s resolution to recognise the so-called DNR and LNR areas of Ukraine as ‘unbiased’.”

    They mentioned how they’ll proceed to coordinate their reaction on subsequent steps,” the White Area stated.

    Quickly thereafter, Biden additionally spoke with President Volodymyr Zelenskyy of Ukraine to reaffirm the dedication of america to Ukraine’s sovereignty and territorial integrity.

    “Biden strongly condemned Russian President Putin’s resolution to purportedly recognise the ‘independence’ of the so-called DNR and LNR areas of Ukraine. He up to date President Zelenskyy on america’ reaction, together with our plan to factor sanctions,” the White Area stated.

    “Biden reiterated that america would reply unexpectedly and decisively, in lock-step with its allies and companions, to additional Russian aggression towards Ukraine,” it added.

    In a joint remark, Area International Affairs Committee Lead Republican Michael McCaul and Area Armed Products and services Committee Lead Republican Mike Rogers demanded that the United States should right away impose actual prices for this blatant act of aggression and flagrant violation of Ukraine’s sovereignty and territorial integrity.

    “Sadly, the sanctions previewed by means of the White Area to this point are the definition of impotence. With experiences that Putin is now sending troops into the areas of Donetsk and Luhansk beneath the guise of ‘peacekeepers,’ now isn’t the time for symbolic pinpricks that may serve most effective to embolden Putin and endanger our pals in Ukraine,” they stated.

    “Now’s the time for President Biden to impose sanctions that strike on the middle of the Russian financial system, and completely finish Nord Circulate 2 as soon as and for all, as he promised the sector he would do,” the 2 Republicans stated.