US Sanctions | The Asian Age

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Two Indian companies have placed orders to buy Iranian oil in November, oil minister Dharmendra Pradhan said on Monday, adding that India does not yet know if it will be granted a waiver from US sanctions on Iran.

Two Indian companies to buy Iranian oil in November: Oil Minister Pradhan

India, the world’s third-biggest oil importer, will buy 9 million barrels of Iranian oil in November.

08 Oct 2018 1:51 PM

Indian refiners imported around 10 million barrels of Iranian oil in October, and its November shipments are expected to be lower. (Representational Image)

India to buy 9 mn barrels of Iranian oil in Nov despite US sanctions: report

Indian Oil Corp will lift 6 mn barrels of Iran oil and Mangalore Refinery and Petrochemicals Ltd 3 mn barrels, a report said.

05 Oct 2018 8:34 PM

India’s government has not told the country’s oil refiners to halt their imports of Iranian crude, a government source said on Wednesday, even as most Indian refiners have cut down their imports ahead of US sanctions on Iran.

Govt has not told refiners to halt Iranian oil imports: source

India has close diplomatic ties with Iran and is also building the strategic Chabahar port in the Middle Eastern country.

26 Sep 2018 5:45 PM

The US may offer oil and gas to India on concessional terms from its own reserves to help the country tide over Iran sanctions that propose to suck out close to 10 per cent of Indian crude imports.

US may supply oil to India to bridge gap post-Iran sanctions

Proposal came at 2+2 meeting; transportation cost an issue.

24 Sep 2018 2:31 PM

Washington has tracked some 148 cases this year of tankers delivering fuel to North Korea in breach of a UN cap of 500,000 barrels a year. Haley has not said how many of those transfers may have involved Russia. (Photo: File | AP)

Will impose sanctions on any nation giving fuel to N Korea, warns US

Washington has 'evidence of consistent and wide-ranging Russian violations' of the sanctions, US ambassador to UN Nikki Haley said recently.

23 Sep 2018 5:25 PM

The move comes as the United States and China are in the heat of a trade war. (Representational Image)

Correct mistake, withdraw sanctions or bear consequences: China warns US

US has hit a Chinese military organisation with punishing financial sanctions for buying Russian fighter jets and missiles.

21 Sep 2018 2:40 PM

The State Department also announced it was placing 33 Russian intelligence and military-linked actors on its sanctions blacklist under the CAATSA rules. (Representational image | AFP)

US hits China with sanctions over purchase of Russian jets, missiles

US State Department said it was applying CAATSA sanctions for buying Russian Sukhoi Su-35 fighter jets and S-400 surface-to-air missiles.

21 Sep 2018 12:11 PM

Amid uncertainty over impending US sanctions against Tehran, Indian Oil Corp (IOC) has booked for import of usual monthly quantity of 0.75-0.8 million tonnes of crude oil from Iran in October but is unsure if the trade would continue thereafter, a senior official said.

IOC books Iranian oil imports for October; uncertain about future

State refiners, however, have no advice from the government on Iranian imports yet, the official said.

12 Sep 2018 3:04 PM

Randall Schriver, the Pentagon's assistant secretary of defence for Asian and Pacific Security Affairs, said the waiver authority had created the impression Washington would insulate India "from any fallout from this legislation no matter what they do." (Photo: AP)

India might face sanctions if buying Russian arms, warns Pentagon official

Washington is alarmed at the prospect of India buying new systems from Russia, including S-400 long-range, surface-to-air missile system.

30 Aug 2018 9:02 AM

India is eyeing the Chinese market that has been left vacant by the US owing to the trade tensions between the two world's biggest economies.

India capable of replacing US exports to China amid trade dispute

Government has directed its concerned departments to identify goods where it has a clear advantage in exports over US.

28 Aug 2018 2:35 PM

Chinese e-commerce giant Alibaba on Thursday said that the company is ready for a possible trade war with the United States, adding that it would not only survive the fight but will also thrive. (Photo: AFP)

Alibaba 'ready' for trade war with US

China's dependence on exports has reduced over the years and its economy can withstand tariffs on Chinese products.

24 Aug 2018 11:59 AM

The United States on Wednesday ruled out removing steel tariffs that have contributed to a currency crisis in Turkey even if Ankara frees a US pastor, as Qatar pledged USD 15 billion in investment to Turkey, supporting a rise in the Turkish lira.

US tariffs to stay on Turkey, Qatar offers Ankara aid

The lira has lost nearly 40 per cent against the dollar this year.

16 Aug 2018 12:27 PM

Erdogan has been repeatedly photographed with Apple products including the iPhone and iPad. (Photo: File)

Will get Samsung, boycott iPhone: Turkey prez in retaliation to US sanctions

Erdogan said Turkey was facing an 'economic attack' and a 'bigger, deeper operation' but showed no sign of making concessions to US.

14 Aug 2018 3:54 PM

Iran is selling oil and gas at a discount to Asian customers as it prepares for the return of US sanctions, state news agency IRNA reported on Tuesday. (Photo: AP)

Iran offers discount on oil and gas to Asia

Much will depend on the European Union, which has vowed to resist US sanctions on Iran.

14 Aug 2018 8:47 AM

The announcement of the sanctions prompted Russian stocks and the ruble to tumble on Thursday. (Photo: AP)

Further sanctions will be seen as 'declaration of economic war': Russia warns US

The warning came after the US unveiled a raft of new sanctions against Russia over its alleged use of Novichok nerve agent in Britain.

10 Aug 2018 6:20 PM

Russia has rejected allegations levelled by the UK that Moscow was behind the deadly nerve-agent attack in the English city of Salisbury on March 4 that had left Skripal and his daughter hospitalised in critical condition. (Photo: File)

US to impose new sanctions on Russia over nerve agent attack in Britain

The State Department said that following a 15-day Congressional notification period, these sanctions will take effect around August 22.

09 Aug 2018 1:26 PM

US President Donald Trump warned the world against doing business with Iran as Washington reimposed "the most biting sanctions ever" on the Islamic republic, triggering a mix of anger, fear and defiance in Tehran. (Photo: AP)

Trump warns world against business with Iran as sanctions return

Trump's May withdrawal from a landmark 2015 nuclear deal with Tehran had spooked investors.

08 Aug 2018 4:25 PM

Trump administration will propose increasing the tariff rate on an additional USD 200 billion of Chinese imports. (Photo: Youtube)

China warns of retaliation if US takes more trade steps

Geng Shuang, warned that Beijing will "definitely fight back" to defend its "lawful rights and interests."

01 Aug 2018 4:31 PM

Iran is offering to insure oil cargoes to India after some local insurers stopped providing the service in the face of impending US sanctions, industry sources said, a move that would help Tehran continue supplying its second biggest oil client.

Iran offers India oil cargo insurance, ships to boost sales: sources

IOC is seeking to buy August cargoes from Tehran on similar terms, with Iran responsible for the delivery to Indian ports.

27 Jul 2018 2:26 PM

India has taken note of US reimposing economic sanctions on Iran, the nation's second-biggest supplier of crude oil, Oil Minister Dharmendra Pradhan said on Wednesday.

India has taken note of US sanctions on Iran, says Dharmendra Pradhan

In 2017-18, India bought 22.6 million tonnes of crude oil from Iran, Pradhan said.

25 Jul 2018 5:15 PM

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