The Latest Breaking News from US Treasury

The United States imposed new sanctions Thursday on Iran-linked shipping and petrochemical companies, including two shipping firms based in China. The sanctions also target 20 shipping vessels linked to firms in China, Vietnam, and the United Arab Emirates, the Treasury Department's website showed. The sanctions were issued under a 2018…

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It didn’t take long for Syria’s Assad regime to seek political and economic benefit from the devastation of an earthquake. As emergency services were reaching victims of the 7.8-magnitude tremor on February 6, regime-linked organisations demanded governments “immediately end the siege and unilateral coercive economic sanctions imposed on Syria and…

The United States imposed sanctions on eight Iranian executives' of Paravar Pars Company (Paravar Pars), an Iran-based firm for manufacturing Shahed-series unmanned aerial vehicles (UAVs) for Iran's Islamic Revolutionary Guard Corps Aerospace Force (IRGC ASF). This US measure follows other decisions announced by the US Treasury on November 15, 2022,…

The US Treasury revised its vehicle classification definitions, raising the MSRP limit from $55,000 to $80,000 for several Tesla, Ford, GM and VW EVs.

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Lebanese money exchanger Hassan Moukalled on Thursday denied that he or his company CTEX have financial ties to Hezbollah and said he would mount legal challenges to U.S. Treasury sanctions against him.

The US Treasury said on Tuesday it was placing sanctions on Lebanese money exchanger Hassan Moukalled and his business for alleged financial ties to blacklisted group Hezbollah. Its announcement said Moukalled was a financial adviser to Iranian-backed Hezbollah, which is also designated by the United States, and carried out financial…

Group of Seven officials have agreed to review the level of the price cap on exports of Russian oil in March, U.S. Treasury Deputy Secretary Wally Adeyemo said on Friday.