The move comes after harsh criticism that the Biden administration had given Iran a vast sum that freed up other funds for Tehran to provide support to Hamas.
Tag: Treasury Department
U.S. and Qatar Block Iran’s Access to $6 Billion From Prisoner Deal
The money had recently transferred to Iran as part of a U.S.-Iran deal that led to the release of five imprisoned Americans from Iran last month.
U.S. Clamps Down on Russian Oil Sales With New Sanctions
Finance ministers from the Group of 7 pledged more support for Ukraine and condemned Hamas.
Yellen Says U.S. Is Considering New Sanctions on Iran and Hamas
Treasury Secretary Janet Yellen said she was not yet seeing an economic impact from the Israel-Gaza war.
Fragile Global Economy Faces New Crisis in Israel-Gaza War
A war in the Middle East could complicate efforts to contain inflation at a time when world output is “limping along.”
A Rural Michigan Town Is the Latest Battleground in the U.S.-China Fight
Firestorms over Chinese investments, like a battery factory in Green Charter Township, are erupting as officials weigh the risks of taking money from an adversary.
U.S. Aims New Sanctions at Russian Military Supply Chains
The sanctions are intended to deprive President Vladimir V. Putin of equipment and technology “he needs to wage his barbaric war on Ukraine,” Treasury Secretary Janet Yellen said.
Wally Adeyemo, the Deputy Treasury Secretary, to Visit Nigeria
Wally Adeyemo, the highest-ranking member of the African diaspora in the Biden administration, emigrated from Nigeria to the United States as a child.
Biden Orders Ban on New Investments in China’s Sensitive High-Tech Industries
The new limits, aimed at preventing American help to Beijing as it modernizes its military, escalate a conflict between the world’s two largest economies.
Looming U.S. Investment Restrictions on China Threaten Diplomatic Outreach
Any such restrictions are expected to anger Beijing and will be the first test of the new channels of communication that the world’s two largest economies are trying to restore.