WASHINGTON (Sputnik) – US President Donald Trump and Secretary of State Mike Pompeo face an uphill struggle to force other nations to abandon their oil trade with Iran, former European Union consultant Paolo von Schirach told Sputnik.
WASHINGTON (Sputnik) – The US government is ending sanctions waivers for Iranian oil importers to provoke a violent insurrection or establish a casus belli for an external invasion, former UK Ambassador Peter Ford told Sputnik.
The fact that German investments in Russia hit a ten-year record high in 2018 shows that the pressure Washington has exerted on Europe failed to discourage German businesses from returning to the Russian market, analysts believe.
The US-European united transatlantic front on sanctions took a hit this week, with Brussels warning that it would retaliate if Washington moved forward with plans to impose a sanctions regime on foreign investments in Cuba which threatened European companies.
US Secretary of State Mike Pompeo has sought to recruit some of the top oil industry guns to serve as Washington’s foreign policy tools to crack down on “bad actors” like Venezuela, Russia and Iran.
Earlier in January, European companies participating in the venture aimed at building a new route for Russian gas to bypass Ukraine, reportedly received threatening letters from US Ambassador to Germany Richard Grenell. He warned the firms about the sanctions risk their involvement in the project incurs.
The European Union’s economic sanctions against Russia will be extended for another six months, European Council President Donald Tusk has said. The measures targeting Russia’s economy were due to expire next month. “The EU unanimously prolongs economic sanctions against Russia given zero progress in implementation of Minsk agreements,” Tusk said on Twitter.
Washington’s reported plans to ratchet up sanctions against Moscow have sparked heated debates both in the US and in Russia over which country will be hurt more. The US has hinted that it would target exports of sensitive national security goods to Russia, stop flights by Russia’s Aeroflot airlines to the US, and could go […]
A senior Cuban official says the country is looking closely at the Special Purpose Vehicle the EU is creating for Iran, because Havana may benefit from a similar mechanism.
At least 13 countries have expressed their interest in purchasing the Russian S-400 Triumph surface-to-air missile systems instead of US equipment despite the likelihood of provoking Washington’s sanctions, media reported citing people with first-hand knowledge of a US intelligence assessment.
The Iranian Central Bank has been cut off the SWIFT financial messaging system, the US Treasury Department has said. Disconnection makes it more difficult for the Islamic Republic to settle import and export bills.
New sanctions placed on Iran by US President Donald Trump are likely to have the reverse effect the White House is hoping for, according to new reports, as Tehran’s petroleum exports are set to increase just as Washington’s restrictions commence.
US threatens to smack SWIFT if it allows transactions in violation of Iran sanctions. US Treasury Secretary Steven Mnuchin has warned global financial messaging service SWIFT on Friday that it could be penalized if it doesn’t cut off financial services to entities and individuals doing business with Iran.
The US, Canada and EU states have suffered economic setbacks as a result of imposing anti-Russian sanctions, but a recent report suggests that certain countries have been affected more than others.
European countries have vowed to maintain “effective financial channels” and to keep trading with Tehran after the US announced that the EU is not among those spared from its sweeping sanctions against Iran.