U.S. officials pledged to crack down on shipments to Russia that can be used for both civilian and military purposes, but that has proved hard to police.
Tag: Treasury Department
U.S. Presses Turkey and U.A.E. to Weed Out Illicit Trade With Russia
American officials worry that commercial activities in Turkey and the United Arab Emirates could be fueling Russia’s war machine and have threatened to punish those involved.
How the ‘Price Cap’ on Russian Oil Works
The plan to curb Moscow’s oil revenues relies heavily on European shipping and insurance companies, but experts point to major loopholes.
U.S. Allows Chevron to Expand Energy Operations in Venezuela
The license, limited in scope, was issued amid the resumption of talks between the Venezuelan government and opposition, and comes as President Nicolás Maduro desperately needs to improve the economy.
Yellen Encourages Vaccinations in China as Covid Restrictions Slow Growth
With China’s strict pandemic policies stalling the economy at home and globally, Treasury Secretary Janet Yellen said American mRNA vaccines are at the ready.
U.S. Seeks Closer Ties With India as Tension With China and Russia Builds
Treasury Secretary Yellen wants India to be part of the Biden administration’s “friend-shoring” agenda, but trade tensions linger.
Russian Superyachts in Turkey Raise Concerns in Washington
Turkey’s welcoming ports are symptoms of a much larger problem: evasion of U.S. sanctions against Russia.
US Targets Businessmen and Companies in New North Korea Sanctions
The Biden administration is bracing for Kim Jong-un to carry out a nuclear test. It says North Korea has fired 41 ballistic missiles this year, including one over Japan.
Biden Calls on World to Punish Russia for Attempt to Annex Ukrainian Land
The U.S. imposed new sanctions on Russian officials and companies, and penalized foreign businesses aiding the Russian military. But officials are holding back on energy sanctions.
US Penalizes Chinese Companies for Aiding Iran’s Oil Exports
The move suggests a more aggressive approach by the Biden administration after talks to revive a 2015 nuclear deal faltered.