Tuesday 29 July 2014
 
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Sanctions

EU to impose economic sanctions on Russia

European Union governments reached a deal on Tuesday to impose economic sanctions against Russia, targeting its oil industry, defence, dual-use goods and sensitive technologies, diplomats said. The sanctions will be reviewed after

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New US sanctions hit top Russian firms

President Barack Obama imposed sanctions on some of Russia's biggest firms for the first time, striking at the heart of Vladimir Putin's powerbase by targeting companies closest to him over Moscow's failure to curb violence in Ukrain

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Iran eases demands for nuclear capacity

Iran has reduced demands for the size of its future nuclear enrichment programme in talks with world powers although Western governments are urging Tehran to compromise further, Western diplomats said. The diplomats, who spoke to

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US slaps $9bn fine on BNP in new sanctions warning

French bank BNP Paribas has pleaded guilty to two criminal charges and agreed to pay almost $9 billion to resolve accusations that it had violated US sanctions against Sudan, Cuba and Iran, in a severe punishment aimed at sending a clear message

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Iran hopes for end of sanctions boom but investors wary

With the prospect of a diplomatic breakthrough next month bringing an end to Iran's international isolation, officials in Tehran are preparing to roll out the red carpet to foreign firms. But a tough legal environment and tricky domestic mar

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Iran ready for oil output hike post-sanctions

Iran put Opec on notice of its plans to raise output swiftly with the help of foreign investors immediately after any lifting of sanctions imposed over its nuclear programme. Oil Minister Bijan Zanganeh said Iran could increase oi

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Iranian airline to buy 100 new jets post-sanctions

Iran Air will need at least 100 passenger jets once sanctions against the country are lifted and will find it easier to do business with companies that co-operated during the current window for sanctions relief, the head of the airline said.

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US threatened $16 billion BNP penalty: sources

US authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested that France's biggest bank pay a penalty as high as $16 billion, according to people familiar with the matter. While the sour

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Iran pursues missile work, complicating nuke talks

Despite apparently reducing illicit purchases that breach U.N. sanctions, Iran is pursuing development of ballistic missiles, a confidential UN report says, posing an acute challenge to six powers negotiating with Tehran to rein in its nuclear p

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Iran's oil exports fall second month in April

Iran's oil exports dropped for a second month in April, the International Energy Agency said, moving closer to levels allowed by November's interim deal on curbing Tehran's nuclear programme. Global imports of Iranian

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