Can Iran Sanctions Continue to Push Oil Prices Through the Roof?

This article was originally published on ETFTrends.com. Last month, oil continued its serendipitous climb following U.S. President Donald Trump ending waivers on companies wishing to purchase Iranian oil without facing stiff sanctions. The companies affected most by the waivers were China, Greece, India, Italy, Japan, South Korea, Taiwan and Turkey. Since then, oil prices have been going through the proverbial roof […]

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Exclusive: U.S. senators want stiff sanctions to deter Russia election meddling

WASHINGTON (Reuters) – U.S. Republican and Democratic senators will introduce legislation on Wednesday seeking to deter Russia from meddling in U.S. elections by threatening stiff sanctions on its banking, energy and defense industries and sovereign debt. Known as the “Deter Act,” the legislation is the latest effort by U.S. lawmakers to ratchet up pressure on Moscow over what they see […]

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U.S. extends time for divestment from sanctioned Russian company GAZ

WASHINGTON (Reuters) – The U.S. Treasury said on Wednesday it was extending by four months the deadline for investors to divest from Russian automaker GAZ, a company linked to Russian tycoon Oleg Deripaska that Washington sanctioned over Russia’s “malign activity.” The Treasury’s Office of Foreign Assets Control said in a statement that it would allow investors and businesses until July […]

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Russia's Rusal is in talks to resume reinsurance with Western companies

MOSCOW (Reuters) – Russia’s Rusal, the world’s second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said. U.S. President Donald Trump’s administration on Jan. 28 lifted sanctions on Rusal and other core assets of tycoon Oleg Deripaska. The reinsurance talks show the […]

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Rusal shares soar, aluminum falls as U.S. lifts sanctions

WASHINGTON/MOSCOW (Reuters) – U.S. President Donald Trump’s administration on Sunday lifted sanctions on the core empire of Russian tycoon Oleg Deripaska, including aluminum giant Rusal and its parent En+, despite a Democrat-led push to maintain them. The move, which sent the Russian stock index to an all-time high, has watered down the toughest penalties imposed since Moscow’s 2014 annexation of […]

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Iran says private exporters had no problem selling its oil

DUBAI (Reuters) – Iran said on Wednesday private exporters have had “no problems” selling Iranian oil, and 3 million barrels of crude could be sold soon to non-government traders, state media reported, despite U.S. sanctions targeting Tehran’s oil sales. Iran began selling crude oil to private companies for export in late October, just ahead of U.S. sanctions on sectors including […]

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US sanctions Russians for election meddling, nerve agent use

The U.S. Treasury Department has sanctioned 15 Russians over hacking, interference in U.S. elections and a nerve agent attack in England. In a separate action Wednesday, the agency also announced plans to lift sanctions on the aluminum manufacturing giant Rusal. It comes after the department approved a plan that severed Russian oligarch Oleg Deripaska's control of the company. Continue Reading […]

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EU slaps sanctions on 7 Myanmar army, border officials

The European Union is slapping asset freezes and travel bans on seven more people accused of human rights violations against the Rohingya minority in Myanmar. EU headquarters said Friday that the seven army and border police officials are being put on the bloc's sanctions list "for serious human rights violations committed against the Rohingya population, ethnic minority villagers or civilians." […]

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