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Obama orders sanctions over Russian movesPresident Barack Obama on Thursday ordered sanctions on people responsible for Moscow's military intervention in Ukraine's Crimea Peninsula, including travel bans and freezing of their US assets. U.S. officials said a list of pe More… |
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Iran to get $1.5bn oil payment from IndiaIndia is ready to pay $1.5 billion to Iran to clear part of a backlog of payments for shipments of oil following the partial easing of western sanctions on Tehran, a senior Indian government official said. In a Nov. 24 deal with s More… |
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US firms in landmark move to sell jet parts to IranUS aerospace companies are seeking permission to sell airliner parts to Iran for the first time in three decades, in a key test of the temporary relief on sanctions given under talks to curtail Iran's nuclear activities. At le More… |
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EU seeks peace as Ukraine death toll hits 75European Union ministers sought to broker a political settlement in Ukraine after gun battles between police and anti-government protesters brought the death toll to 75 in two days of the worst violence in the country since Soviet times. More… |
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Iranian bank sues UK govt for $4bn over sanctionsIran's largest private bank is suing the British government for almost $4 billion in damages after the Supreme Court quashed sanctions imposed against it over alleged links to Tehran's nuclear programme. Bank Mellat wants More… |
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US warns France against doing business with IranThe United States has warned France that French companies - which sent executives to Tehran this week - will be punished if they violate US sanctions with Iran, US Secretary of State John Kerry said. Separately, another US officia More… |
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Nuke deal possible in 6 months says IranAn agreement on Iran's nuclear programme is possible within six months if there is good will, Iranian Foreign Minister Javad Mohammad Zarif said on Monday. "With good will we can reach an agreement within six months," More… |
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Asia's Iran oil buys only to creep up after deal with WestAsian buyers cut their purchases of Iranian crude by 15 per cent in 2013 and shipments to Tehran's biggest oil customers are expected to recover only slightly this year, even after a deal with the West eases some sanctions. Ch More… |
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Insurers sound alarm over Iran ship insuranceA group of insurers warned shipowners this week to be careful when signing deals to carry Iranian oil because the US has not been able to clarify whether insurance claims will be paid after the suspension of sanctions ends in July. More… |
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Sanctions relief for Iran as deal takes affectThe US has followed through on promised sanctions relief for Iran covering oil exports, trade in precious metals and automotive services as part of a nuclear agreement that began taking effect on Monday, US officials said. In exch More… |
