Tag

Secondary Sanctions

All articles tagged with #secondary sanctions

US Unveils Sweeping Sanctions Push to Squeeze Iran's Regime
world1 day ago

US Unveils Sweeping Sanctions Push to Squeeze Iran's Regime

The U.S. Treasury Secretary announced expanded secondary sanctions on Iran, calling it an 'economic D-Day' to pressure Tehran without military action. The plan widens targets to digital assets, technology, gold, aviation, and shipping, sanctioning about 60 entities and suspending certain licenses, with accelerated enforcement and a push for other countries to cut Iran-related business. A major financial institution is expected to be sanctioned soon. Success hinges on Western coalition enforcement amid Iran's ongoing economic crisis and dwindling oil revenue.

Sanctions Pinch Russia's Oil Revenue as Buyers Grow Wary
world6 months ago

Sanctions Pinch Russia's Oil Revenue as Buyers Grow Wary

Western sanctions, including the global price cap and US secondary sanctions, are dragging down Russia’s oil rents as Urals crude trades at deep discounts and a growing share of output stays in transit; analysts note a roughly 20% drop in oil and gas revenue last year, with Moscow relying on asset sales and higher domestic taxes to fill the gap, while Putin shows little sign of curtailing the war.