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Airline Systems Firm Pays $7.8 Million For US Sanction Violations
Thursday, February 27, 2020 - 9:57am | 474Read More...The Treasury Department's Office of Foreign Assets Control (OFAC) on Wednesday announced that a Geneva, Switzerland-based airlines systems company will pay a $7,829,640 fine for violating U.S. sanctions. Between April 2013 and February 2018, Société Internationale de Télécommunications...
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Senators Urge Trade Sanctions For Russian Election Interference
Tuesday, February 25, 2020 - 11:33am | 478Read More...Democratic Senate Leader Charles Schumer, along with Sens. Sharrod Brown and Robert Menendez, urged the White House to proceed with imposing sanctions against Russian government agencies and officials, and even President Vladimir Putin himself, based on recent U.S. intelligence reports that Russia...
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US Imposes Sanctions On Venezuelan Airline
Monday, February 10, 2020 - 9:15am | 370Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has placed financial sanctions on Venezuelan state-owned airline Consorcio Venezolano de Industrias Aeronauticas y Servicios Aereos, S.A. (CONVIASA) for its support of the country's president, Nicolas Maduro. The agency added...
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US Sets In Motion Trade Sanctions On Mali
Thursday, February 6, 2020 - 4:08pm | 267Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Thursday said it is preparing to implement a presidential executive order that will set the stage for trade sanctions on Mali. The West African country in recent years has become a flashpoint of terrorist activity on the...
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US Lifts Sanctions Against COSCO's Tanker Operation
Friday, January 31, 2020 - 4:11pm | 490Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced Friday it has lifted economic sanctions against COSCO Shipping's oil tanker operations. The department did not explain the reasons for lifting the sanctions. OFAC imposed sanctions against the Chinese tanker operation...
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US Imposes Sanctions On Russian Railroad Operator
Thursday, January 30, 2020 - 9:24am | 429Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has announced sanctions against Moscow-based Grand Service Express for operating a passenger rail service between the Russian mainland and Crimean Peninsula. The agency said on Wednesday it added the Russian railroad, as well...
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Eagle Shipping Settles US Sanctions Violations Case
Tuesday, January 28, 2020 - 8:43am | 642Read More...Stamford, Connecticut.-based Eagle Shipping International (USA) has agreed to pay a $1,125,000 civil penalty to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) to settle 36 violations of the Burma Sanctions Regulations. The alleged violations by the subsidiary of Eagle Bulk...
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New US Sanctions Aim To Dent Iran's Metal Producers
Friday, January 10, 2020 - 2:28pm | 760Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) will impose new economic sanctions against 17 Iranian metal producers and mining companies in the aftermath of a recent missile attack against American military forces in Iraq. The sanctions also target a network of three China...
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US Commission Supports Sanctions For Chinese Human Rights Abusers
Thursday, January 9, 2020 - 5:18pm | 534Read More...A bipartisan group of U.S. House and Senate lawmakers, which comprise the 17-member Congressional-Executive Commission on China, call for the use of economic sanctions against Chinese nationals and companies that are linked to human rights abuses in China. The commission's report, which was...
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Trump Threatens More Economic Sanctions Against Iran
Wednesday, January 8, 2020 - 1:55pm | 397Read More...In a televised address to the nation on Wednesday, President Trump said the U.S. will pursue additional economic sanctions against Iran in the aftermath of missile attacks by the Middle East country against two American military installations in neighboring Iraq. "As long as I'm president of the...
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President Trump Threatens Sanctions Against Iraq
Monday, January 6, 2020 - 4:33pm | 462Read More...President Trump is threatening severe sanctions against Iraq if the country succeeds in ordering the removal of U.S. troops from the Middle East country. The Iraqi parliament over the weekend passed a resolution calling for U.S. and other coalition forces to leave the country in response to the...
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US Drops Sanctions Against Latvian Port Authority
Thursday, December 19, 2019 - 10:42am | 475Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Dec. 18 announced that it has removed Latvia's Ventspils Freeport Authority from its sanctions list. OFAC added the port authority to the Specially Designated Nationals and Blocked Persons (SDN) List on Dec. 9 for its...
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China Argues Lifting North Korea Sanctions 'Best Plan' To Encourage Talks
Thursday, December 19, 2019 - 3:12am | 325Read More...China said lifting sanctions on North Korea would be the best way to break the deadlock in stalled denuclearization talks between the United States and North Korea, according to Reuters. What Happened Making a case for its U.N. proposal for North Korean sanctions relief, China said on Thursday the...
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US Sanctions Snare More Air, Ocean Transport Operators Linked To Iran
Thursday, December 12, 2019 - 11:29am | 444Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) continues to add air and marine cargo services providers to its list of sanctioned individuals and entities that conduct business with Iran. On Dec. 11, OFAC placed three foreign air cargo general sales agents and a vessel...
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US Sanctions Aim To Topple Cambodian Timber Magnate
Tuesday, December 10, 2019 - 8:57am | 481Read More...The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) has imposed trade sanctions on Cambodian timber magnate Try Pheap for his role in illegally harvesting and exporting timber. The agency said Pheap uses corrupt practices, which involve Cambodian government and military...
