Huawei denies US sanctions and trade secret charges

Huawei isn’t taking kindly to the US’ charges of sanction violations and trade secret theft. A spokesperson told Engadget the company was “disappointed” to hear of the charges and flatly “denies” it or an associated company (namely Skycom) committed any of the crimes in the indictments. It’s also “not aware of any wrongdoing” by CFO […]

EU extends anti-Russian sanctions for another 6 months

The EU’s economic sanctions against Russia will be prolonged for another half-a-year, European Council President Donald Tusk has announced on Twitter. The decision was made “unanimously” by the member states during an EU summit in Brussels. The restrictions were extended “given zero progress in implementation of the Minsk agreements” between Kiev and the self-proclaimed republics […]

US sanctions & protectionism strengthen bonds between Russia and China

Energy ties between China and Russia will see deeper development as the neighboring countries are planning to jointly work on the Arctic shelf projects, according to Igor Sechin, CEO of Russia’s biggest oil company Rosneft. “New growth points in Russian-Chinese cooperation could be joint development of the oil and gas resources on the shelves of […]

Trump’s sanctions are crushing Iran’s job market and potentially destabilizing the regime

Susan Walsh/AP Reuters interviews with dozens of business owners across Iran show hundreds of companies have suspended production and thousands of workers are being laid off because of a hostile business climate mainly caused by new U.S. sanctions. The Iranian rial has fallen to record lows and economic activity has slowed dramatically since U.S. President […]

US will squeeze Iran with sanctions ‘until the pips squeak’ – Bolton

US National Security Advisor John Bolton has threatened to “squeeze” Iran’s economy “until the pips squeak,” just one week after Washington imposed a new round of crippling sanctions billed as the “toughest ever.” Speaking ahead of the ASEAN-US summit in Singapore, Bolton said that the Iranian government is already under “real pressure” and that the […]

US won’t let Russia ease North Korea sanctions, Haley says

Russia says it’s trying to ease sanctions on North Korea to make aid organisations’ work there possible. The US says it won’t let that happen. Following a closed-door UN security council meeting this Thursday requested by Russia and China, US ambassador Nikki Haley told press members that Russia is trying “to lift banking restrictions” against […]

EU lost over €100bn because of its own anti-Russia sanctions – Lavrov

The EU is punishing itself for doing Washington’s bidding and sanctioning Russia, Russian Foreign Minister Sergey Lavrov said. However, while the restrictions policy does not harm the US, the EU suffers billions in losses. In an interview with the Spanish newspaper El País, Lavrov lamented the dismal state of EU-Russia relations, describing them as far […]

Iran's Khamenei claims Trump has ‘disgraced’ US prestige as renewed sanctions set to enter force

Iran’s Supreme Leader Ayatollah Ali Khamenei has spoken out against the latest round of sanctions set to be imposed by the US, blasting Donald Trump for having “disgraced” US prestige and what remains of its liberal democracy. “This new US president… has disgraced the remnants of America’s prestige and that of liberal democracy. America’s hard […]

‘Sanctions are coming’: Trump’s Game of Thrones Iran threat unleashes internet wildfire

US President Donald Trump’s decision to use a Game of Thrones themed picture to threaten Iran with sanctions has set off social media like a band of wildlings attacking a freefolk village. On Friday Trump tweeted an image of himself purposefully striding forward along with the words “Sanctions are coming. November 5” written in the […]