Headlines
    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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    Romania and Bulgaria scramble to protect Russian refineries as Trump sanctions loom

    Romania and Bulgaria scramble to protect Russian refineries as Trump sanctions loom

    Shorouk Express Transition troubles Technically, securing exemptions or appointing a state-backed manager to the refineries shouldn’t be an issue. That said, the worst-case scenario — where the refineries cease operations — would play out very differently for the two countries.  For Bulgaria, where the Russian-owned refinery provides up to 80 percent of the country’s fuel…

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    UN reimposes sanctions on Iran

    UN reimposes sanctions on Iran

    Shorouk Express BAKU, Azerbaijan, September 28. This evening, at 8:00 p.m. EDT, the United Nations reimposed sanctions and other restictions pursuant to six UN Security Council Resolutions – 1696, 1737, 1747, 1803, 1835, and 1929 – based on Iran’s continuing “significant non-performance” of its nuclear commitments, Trend reports. Their reactivation concludes the snapback process initiated…

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    EU sends delegation to US to prepare joint sanctions on Russia

    EU sends delegation to US to prepare joint sanctions on Russia

    Shorouk Express A spokesperson for the Commission told POLITICO the delegation would be led by David O’Sullivan, the EU’s sanctions envoy. Commission President Ursula von der Leyen announced the EU’s 19th package of sanctions against Russia — designed “to bring President Putin to the negotiation table” — would be unveiled in early September. Ukraine and its allies have…

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