U.S. Ambassador to the United Nations Nikki Haley accused Russia on Thursday of covering up violations of international sanctions prohibiting countries from doing business with North Korea. Haley’s claim came after Russia sought changes to an independent report describing how Russian entities had aided the communist regime in avoiding crippling sanctions on its economy. Any permanent member of the U.N. Security Council can block the report and, as such, Russia chose to do so.“Russia can’t be allowed to edit and obstruct independent U.N. reports on North Korea sanctions just because they don’t like what they say. Period,” Haley said in a statement. “The full implementation of U.N. Security Council resolutions remains mandatory for all member states – including Russia.” “We’re disappointed in the panel for caving to Russian pressure and making changes to what should be an independent report,” she continued. “This is … [Read more...] about U.S. Accuses Russia of Covering Up Violations of North Korea Sanctions
Embargoes sanctions
Long Reach Of US Sanctions Hits Syria Reconstruction
Sep 02, 4:36 PM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Angus McDowall 09/02/18 AT 3:31 PM BEIRUT - As Syrian President Bashar al-Assad attempts to turn military success into postwar reconstruction, Western sanctions are a major obstacle that could scare off foreign companies.Syria has suffered immense physical destruction, while millions of workers have fled, been conscripted or killed. A U.N. agency estimates the war has cost $388 billion.Extensive reconstruction still looks far off. Assad’s allies Russia and Iran, as well as China, have made some investments in the country, but they cannot afford the cost of rebuilding and want other countries to share the burden.Western countries say they will not approve reconstruction funding for Syria, or drop sanctions, without a political settlement. Meanwhile, sanctions are making it hard for foreign companies to work there.Although some have managed to do business … [Read more...] about Long Reach Of US Sanctions Hits Syria Reconstruction
Long reach of U.S. sanctions hits Syria reconstruction
By Angus McDowall BEIRUT (Reuters) - As Syrian President Bashar al-Assad attempts to turn military success into postwar reconstruction, Western sanctions are a major obstacle that could scare off foreign companies. Syria has suffered immense physical destruction, while millions of workers have fled, been conscripted or killed. A U.N. agency estimates the war has cost $388 billion. Extensive reconstruction still looks far off. Assad's allies Russia and Iran, as well as China, have made some investments in the country, but they cannot afford the cost of rebuilding and want other countries to share the burden. Western countries say they will not approve reconstruction funding for Syria, or drop sanctions, without a political settlement. Meanwhile, sanctions are making it hard for foreign companies to work there. Although some have managed to do business in Syria, the wide scope of the sanctions and broad U.S. powers to enforce them mean companies risk inadvertent breaches. Most … [Read more...] about Long reach of U.S. sanctions hits Syria reconstruction
US guarantees to not sanction Indonesia for purchasing Sukhoi
Jakarta (ANTARA News) - US Defense Secretary James Norman Mattis has made assurance that Indonesia will not be sanctioned with an embargo for purchasing weapons system equipment from Russia, including Sukhoi Su-35 jet fighters. Mattis will continue to convince the US Congress to allow several US strategic partners to buy weapons from Russia without any sanction following the implementation of the Countering America`s Adversaries Through Sanctions Act (CAATSA) starting last year, according to one of the points presented at a meeting with Indonesian Minister of Defense Ryamizard Ryacudu in Washington D.C. on Tuesday. In an official statement received by Antara, Indonesia, India, and Vietnam will not be affected by CAATSA. CAATSA has been legitimized to punish Russia for its intervention in the US election and its involvement in Ukraine. Mattis has urged the Congress to ease sanctions on countries -- India, Indonesia, and Vietnam -- that have historically had relations with … [Read more...] about US guarantees to not sanction Indonesia for purchasing Sukhoi
Iran Unveils New Fighter Jet, Locally Built, Amid Renewed US Sanction
Aug 21, 5:31 AM EDT Newsletter Signup BusinessTechnologyWorldNationalMedia & CultureOpinionSportsLuxury World By Pritha Paul @ZiggyZina143 08/21/18 AT 5:00 AM As a show of strengthening military force, Iran unveiled a new domestically built fighter jet Tuesday at a defense show in Tehran, which was attended by President Hassan Rouhani.Although Iranian Defense Minister Amir Hatami had said the jet was scheduled to be unveiled on Wednesday — which is when the country celebrates its National Defense Day — when news about the aircraft was first announced on Saturday, the unveiling came a day early."We have learned in the (Iran-Iraq) war that we cannot rely on anyone but ourselves. Our resources are limited and we are committed to establishing security at a minimum cost," Hatami said in a televised interview, Mail Online reported.He added that the decision to strengthen the country's air force was taken as a result of its eight-year-long war with … [Read more...] about Iran Unveils New Fighter Jet, Locally Built, Amid Renewed US Sanction