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US sanctions

Rouhani says new US sanctions have no effect on Iran economy

DUBAI: Iranian President Hassan Rouhani said on Saturday that US sanctions announced last week have had no effect on Iran’s economy because Washington had already practically reimposed them earlier. The restoration of sanctions is part of a wider effort by US President Donald Trump to force Iran to curb its nuclear and missile programs as well as its support for proxy forces in Yemen, Syria, Lebanon and other parts of the Middle East. “The sanctions have had no impact on our economy because America had already used all…

New US sanctions over chemical weapons would be ‘illegal’: Kremlin

MOSCOW:  Russia would consider any new chemical weapons-related sanctions imposed by the United States to be illegal, a Kremlin spokesman said on Wednesday. The U.S. State Department said on Tuesday it would impose additional sanctions on Russia after Moscow failed to give reasonable assurances it would not use chemical weapons after a nerve agent attack on a former Russian spy in England. “We consider restrictions imposed by the United States against Russia illegal,” Dmitry Peskov told reporters. It is pertinent to…

Russia seeks to dump dollar as new US sanctions loom

MOSCOW: Moscow is intensifying efforts to wean its economy off the dollar as Washington considers tough new sanctions that could deny Russia access to foreign debt markets and cut its banks from the greenback. President Vladimir Putin has repeatedly slammed the US unit's dominance on the world's stage but the country's previous efforts to de-dollarize its economy have so far had little success. But with Russian business circles fearing a new round of US measures over Moscow's alleged international aggression and…

US slaps sanctions against key Iranian paramilitary force

WASHINGTON: The US Treasury Department on Tuesday slapped sanctions on an Iranian paramilitary group along with a network of businesses that were providing it financing, as part of Washington’s campaign of maximum economic pressure against Tehran. In announcing the sanctions, Treasury said a network of more than 20 businesses known as the Bonyad Taavon Basij was financing the Basij Resistance Force, a component of Iran’s Islamic Revolutionary Guard Corps (IRGC). It also accused the militia of sending child soldiers to…

India not guaranteed US sanctions waiver for Russian missiles: official

WASHINGTON: The United States cannot guarantee that it will provide India a waiver from sanctions if it purchases major weapon and defence systems from Russia, a top Pentagon official said on Wednesday, ahead of a high-level dialogue between Washington and New Delhi. The United States has imposed sweeping sanctions on Russia, under which any country engaged with its defence and intelligence sectors could face secondary U.S. sanctions. However, a new defence bill gives the president the authority to grant waivers in case…

Iran fights US sanctions at UN court

Iran demanded Monday that the UN's top court order the United States to suspend nuclear-linked sanctions against Tehran, but Washington vowed to “vigorously” fend off the legal challenge. The Islamic Republic launched a suit at the International Court of Justice over US President Donald Trump's decision to reimpose sanctions that were lifted in a landmark 2015 accord. Trump says the sanctions are needed to ensure Iran never builds a nuclear bomb. But Iran's representative Mohsen Mohebi branded them “naked economic…

US has ‘addiction to sanctions’, says Iran’s foreign minister

TEHRAN: The United States has an "addiction to sanctions", Iran's Foreign Minister Mohammad Javad Zarif has said in an interview with CNN. "I believe there is a disease in the United States and that is the addiction to sanctions," Zarif told the US broadcaster on Sunday. "Even during the Obama administration the United States put more emphasis on keeping the sanctions it had not lifted rather than implementing its obligation on the sanctions it lifted." It was Zarif's first interview with Western media since US…

Iran to unveil new fighter jet, develop missiles: minister

DUBAI: Iran will unveil a new fighter jet next week and continue developing missile capabilities as a top priority, the defence minister said on Saturday, defying new US sanctions aimed at curbing Tehran’s missile program and regional influence. Iran’s navy also announced on Saturday that it has mounted a locally built advanced defensive weapons system on one of its warships for the first time, as tensions mount with the US military in the Gulf. US President Donald Trump withdrew the United States in May from a 2015…

Iran’s problems ‘internal, not just sanctions’: Khamenei

Iran's supreme leader Ayatollah Ali Khamenei said Monday that the country´s economic problems were the result of internal mismanagement by the government and not just US pressure. "Economic experts and many officials believe the cause of this issue is not foreign, it's internal," he said in a speech in Tehran, according to tweets released on his official account. "Not that sanctions don't have an impact, but the main factor is how we handle them." He referred specifically to the collapse in the currency, which has…

Turkey threatens retaliation against US after sanctions

ANKARA: Ankara on Wednesday threatened to retaliate after Washington imposed sanctions on Turkey's justice and interior ministers over the case of an American pastor as it warned the actions could damage ties. "There is no doubt that this will greatly damage constructive efforts working to solve the issues between the two countries," the foreign ministry said in a statement. "Without delay, there will be a response to this aggressive attitude that will not serve any purpose," the ministry added. "We call on the US…