Search For "ofac"
India's exporters stay calm amidst US tariff threat on Iranian trade partn
Updated : 1 month, 4 weeks ago IST
Speaking to ANI, Ajai Sahai, CEO & DG of the Federation of Indian Export Organisations (FIEO), said he is not unduly concerned about the statement, as Indian industry and banks deal only with Iran on goods that fall outside the scope of US OFAC sanctions.
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US pressure on Venezuela continues as Treasury Dept sanctions more of Madu
Updated : 2 months, 3 weeks ago IST
In a statement issued by the US Department of the Treasury on Friday, the Office of Foreign Assets Control (OFAC) designated relatives and associates of Maduro and his wife, Cilia Flores, further pressuring the Latin American country over corruption and narcotics-related activities.
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US sanctions Maduro's nephews, six Venezuelan oil shipping firms a day aft
Updated : 3 months ago IST
Just a day after President Donald Trump stated that the US has seized a "very large" oil tanker off the coast of Venezuela, the Department of the Treasury on Thursday (local time) imposed sanctions on three nephews of Venezuela's First Lady Cilia Flores and six shipping companies linked t
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US Treasury tightens sanctions on Iran's shadow oil network, Indian firm a
Updated : 3 months, 3 weeks ago IST
The US Department of State and Department of Treasury announced new sanctions targeting Iran's shadow oil network, naming companies and individuals across several countries, including India.
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Indian firm among new US sanction list for allegedly aiding Iran's missile
Updated : 4 months ago IST
The action, announced by the Treasury's Office of Foreign Assets Control (OFAC), is part of a wider sanctions package targeting 32 individuals and entities across Iran, the United Arab Emirates (UAE), Turkiye, China, Hong Kong, India, Germany, and Ukraine.
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After US sanctions, Russia's oil major Lukoil to sell overseas assets
Updated : 4 months, 2 weeks ago IST
"The company announces its intention to sell its international assets. The consideration of bids from potential purchasers has been started," Lukoil informed in a statement on Monday
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US sanctions Colombian President for role in "global illicit drug trade"
Updated : 4 months, 2 weeks ago IST
According to the Treasury Department, the sanctions mean that all property and interests in property of the designated individuals within the US, or in the possession or control of US persons, are now blocked and must be reported to OFAC. Any entities owned, directly or indirectly, 50 per ce
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"These are tremendous": President Trump on sanctioning Russia's two larges
Updated : 4 months, 3 weeks ago IST
US President Donald Trump on Wednesday (local time) announced new sanctions targeting Russia's two largest oil companies, Rosneft and Lukoil, in a bid to pressure Moscow to end the war in Ukraine.
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US sanctions 2 major Russian Oil companies Rosneft and Lukoil; calls on Mo
Updated : 4 months, 3 weeks ago IST
The US Department of the Treasury on Wednesday (local time) imposed sanctions on Russia's two largest oil companies, Rosneft and Lukoil, in an effort to pressure the Kremlin to end its war in Ukraine.
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US sanctions over 50 entities, including Indian nationals, for facilitatin
Updated : 5 months ago IST
According to a release by the US Department of the Treasury, these actors have collectively enabled the export of billions of dollars' worth of petroleum and petroleum products, providing critical revenue to the Iranian regime and its support for terrorist groups that threaten the United Sta
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US sanctions two Indian nationals, pharmacy linked to fentanyl-laced pills
Updated : 5 months, 1 week ago IST
The US Department of the Treasury's Office of Foreign Assets Control (OFAC) has imposed sanctions on two Indian nationals, Sadiq Abbas Habib Sayyed and Khizar Mohammad Iqbal Shaikh, along with an India-based online pharmacy, KS International Traders, for their roles in supplying hundreds of
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US sanctions hit Indian companies over Iran oil trade
Updated : 7 months, 1 week ago IST
The US Department of State announced the sanctions on Wednesday, alleging the Indian firms knowingly engaged in "significant transactions" for the purchase and marketing of Iranian petroleum products, violating American sanctions on Iran.
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