U.S. targets Iran’s oil networks in fresh sanctions on shipping, airline operators

U.S. targets Iran’s oil networks in fresh sanctions on shipping, airline operators

Shorouk Express BAKU, Azerbaijan, November 21. The United States imposed a new round of sanctions targeting shipping networks and an airline it says are helping fund Iran’s “malign activities” through illicit oil sales and support for Iran-backed militant groups, the State Department said, Trend reports. The Departments of State and Treasury announced coordinated designations aimed…

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US extends Lukoil sanctions waiver as Russian oil giant looks to sell assets

US extends Lukoil sanctions waiver as Russian oil giant looks to sell assets

Shorouk Express The measures, announced on Oct. 22, were “a result of Russia’s lack of serious commitment to a peace process to end the war in Ukraine,” the U.S. Treasury said.  Lukoil subsequently announced it would sell its overseas assets but has yet to find a buyer after a deal with Swiss-based firm Gunvor fell through when Washington blocked it. U.S. private…

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