Treasury Dept. Imposes New Sanctions on Iranian Gov't Officials, Groups

Treasury Dept. Imposes New Sanctions on Iranian Gov't Officials, Groups

Wednesday's announcement added to a series of moves to increase political and economic pressure on Tehran after President Donald Trump's May 8 decision to withdraw from the Iran nuclear accord.

External Affairs Minister Sushma Swaraj on Monday said India was ready for talks with Pakistan if it stopped aiding terrorism.

However, officials said the USA decision to reinstate financial sanctions on Iran would not impact India's oil imports as long as European countries did not follow suit.

Trump also said he would reinstate USA nuclear sanctions on Iran suspended under the nuclear accord and impose "the highest level" of economic bans on the Islamic Republic.

Iran is India's third largest oil supplier and there were apprehensions about possible impact of the U.S. decision on India's oil import.

The US Treasury placed several Iranian state groups on its sanctions blacklist on Wednesday, accusing them of serious human rights abuses and censorship.

Trump, Japan's Abe to Meet Ahead of Possible US-North Korea Summit
The first Moon-Kim summit on April 27 was held on the southern side of Panmunjom, at the Peace House, to great media fanfare. Trump said on Saturday he was still looking at a 12 June summit in Singapore and that talks were going well.

Likewise, India would like to tap into the gas and oil of Central Asia (Turkmenistan and Kazakhstan in particular) and even Russian Federation through pipelines down through Iran to the planned Indian-run Chabahar port on Iran's Gulf coast. There are apprehensions that the Chabahar project could also suffer delay in the wake of the U.S. sanctions. An unhappy Mr Modi also told his British counterpart that whenever Indian fugitives take shelter in Britain, it takes a lot of time to extradite them to India.

"India follows only United Nations sanctions, and not unilateral sanctions by any country", Reuters quoted her as saying.

In a unilateral move on May 8, President Trump declared that he was withdrawing from the Iran nuclear deal, unraveling the signature foreign policy achievement of his predecessor Barack Obama, and isolating USA from its Western allies. Now India has to readopt those workarounds on payment and shipping insurance because global shipping operators and tanker owners are pulling back from Iran-related business even before the new sanctions take effect on November 4.

Beijing, which is Iran's top trade partner and one of the biggest buyers of its oil, has signalled that it intends to keep working with the Islamic regime despite the United States move. "There is concern that any country and not just India that acquires that system will complicate our ability to work towards interoperability together".

China's President Xi Jinping will meet Rouhani on the sidelines of the Shanghai Cooperation Organization (SCO) meeting from June 9-10 in the eastern city of Qingdao, said Chinese Foreign Minister Wang Yi.

Related Articles

  • U.S.  set to impose tariffs on steel from Canada, EU, Mexico

    U.S. set to impose tariffs on steel from Canada, EU, Mexico

    Ben Sasse, R-Neb. "We've been down this road before-blanket protectionism is a big part of why America had a Great Depression". It prompted threats of retaliation from the European Union on United States products before the policy was abandoned.
    President Trump in Nashville tonight

    President Trump in Nashville tonight

    Blackburn and Bredesen are expected to face off in a general election that is considered a toss-up by Fox News. However, the sometimes Trump critic would have likely lost to Blackburn in the primary.
    Fulham back in the Premier League

    Fulham back in the Premier League

    After the game, Cairney told Sky Sports: "We knew we wouldn't shrink in this environment". "Unbelievable, a dream come true". We need to be courageous , we need to make investment, we need to spend money to survive or to make a more important step.
  • Donald Trump Rips Democrats for Tweeting Border Pictures from 2014

    Donald Trump Rips Democrats for Tweeting Border Pictures from 2014

    In half of those cases, the adult sponsor was one of the child's parents, and another 40 percent were close adult relatives. Miroff covers drug trafficking, border security and transnational crime on The Washington Post's National Security desk.
    Liverpool complete signing of Fabinho from Monaco

    Liverpool complete signing of Fabinho from Monaco

    So I was able know a bit more about Liverpool through Firmino. "We also spoke about the coaches and how they do their work". Fekir told Telefoot when asked about the speculation surrounding Liverpool: " I am not close to joining Liverpool ".
    PUBG creator is suing Epic Games over Fortnite

    PUBG creator is suing Epic Games over Fortnite

    An Epic Games representative said the shopping cart is expected to arrive this week, but declined to offer exact timing. On Tuesday, " PUBG " had around 27,000 viewers on streaming platform Twitch, about a tenth of " Fortnite's " 260,000.
  • Pusha T Drops a Bomb in 'The Story of Adidon' Drake Diss

    Pusha T Drops a Bomb in 'The Story of Adidon' Drake Diss

    And the circumstances behind it aren't clear, but it's definitely not a good look for Drake . They said, "She has admitted to having multiple relationships.
    'Murdered' Russian journalist Arkady Babchenko appears at press conference

    'Murdered' Russian journalist Arkady Babchenko appears at press conference

    "[Babchenko] showed up at Gritsak's news conference on Wednesday and thanked everyone who was mourning his death", AP reported . Reports said that his wife found him in their apartment in Kiev, Ukraine, with multiple gunshot wounds in his back.
    In Jordan, Israel and Iran secretly negotiate future of Syria

    In Jordan, Israel and Iran secretly negotiate future of Syria

    In recent days, Israel and Iran are said to have passed a large number of messages via Jordan regarding the situation in Syria. Israel has warned it will not tolerate a permanent Iranian military presence in Syria.
  • Oil slumps as Saudi Arabia and Russian ministers signal output increase

    Oil slumps as Saudi Arabia and Russian ministers signal output increase

    However, the period of low (say sub-$70 to the barrel for Brent) oil prices seems to be over - for at least 2018. This is primarily due to crude oil's surge to a 3½-year high on supply worries related to Venezuela and Iran .
    Roseanne Barr writes 'I was Ambien tweeting,' fires back at castmates

    Roseanne Barr writes 'I was Ambien tweeting,' fires back at castmates

    Jarrett, 61, said Bob Iger , chief executive of ABC's parent company, Disney, called her before the announcement was made to apologize.
    Rockets lament missed chances after losing to Warriors

    Rockets lament missed chances after losing to Warriors

    They also turn their attention to offseason plans, potential moves and tough looming decision for the front office down the line. The Cavaliers may have LeBron James , but they're going to be the biggest underdog in a Finals since his career started in 2003.