U.S. to waive sanctions on firm, CEO behind Russia’s Nord Stream 2 pipeline -source

© Reuters. FILE PHOTO: A road sign directs traffic towards the Nord Stream 2 gas line landfall facility entrance in Lubmin, Germany, September 10, 2020. REUTERS/Hannibal Hanschke/File Photo MOSCOW (Reuters) – Russian officials on Wednesday said Moscow’s fraught ties with Washington could benefit from the waiving of U.S. sanctions on the company in charge of […]

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After sanctions, Huawei turning to businesses less reliant on high-end U.S. tech

© Reuters. Huawei logo at Huawei Technologies France in Boulogne-Billancourt By David Kirton SHENZHEN, China (Reuters) -Chinese telecoms equipment maker Huawei Technologies is making business resilience its top priority with a push to develop its software capabilities as it seeks to overcome U.S. restrictions that have devastated its smartphone business. Huawei was put on an […]

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Baker Hughes discloses SEC probe over projects affected by U.S. sanctions

© Reuters. The logo of Baker Hughes (Reuters) – Oilfield services provider Baker Hughes said the Securities and Exchange Commission is conducting an investigation into the company’s sale of products in projects that were impacted by U.S. sanctions. Baker was notified in December of the SEC’s formal investigation into its records and internal controls related […]

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Syria says will import more fuel to cover shortfalls hit by sanctions

By Suleiman Al-Khalidi AMMAN (Reuters) – Syria said on Sunday it would import more to cover fuel shortages it blames on Western sanctions that disrupted regular Iranian oil shipments that had for years compensated for the country’s loss of domestic oil production as a result of conflict. The sanction-hit country has over the past year […]

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Special Report: UAE emerges as hub for companies helping Venezuela avoid U.S. oil sanctions

2/2 © Reuters. FILE PHOTO: A worker collects a crude oil sample at an oil well operated by Venezuela’s state oil company PDVSA in Morichal 2/2 By Luc Cohen and Marianna Parraga NEW YORK (Reuters) – In June, the United States imposed sanctions on half a dozen oil tankers managed by established shipping firms. It […]

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Iran prepares to raise oil exports if sanctions eased: state media

© Reuters. FILE PHOTO: A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf (Reuters) – Iran has instructed its oil ministry to prepare installations for production and sale of at full capacity within three months, state media said on Sunday, ahead of a possible easing of U.S. […]

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Turkish lira slips as U.S. moves closer to sanctions over S-400s

3/3 © Reuters. FILE PHOTO: Russian President Putin and Turkish President Erdogan attend their bilateral meeting on the sidelines of the G20 leaders summit in Osaka 2/3 By Jonathan Spicer ISTANBUL (Reuters) – briefly slipped on Friday after U.S. lawmakers included mandatory Turkish sanctions in a defence spending bill that moves Washington a step closer […]

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U.S. issues fresh Iran-related sanctions targeting state oil sector

2/2 © Reuters. Senate’s Committee on Banking, Housing, and Urban Affairs hearing 2/2 WASHINGTON (Reuters) – The United States on Monday imposed fresh Iran-related sanctions targeting the Islamic Republic’s oil sector, including the Iranian Ministry of Petroleum, in Washington’s latest move to increase pressure on Tehran. The U.S. Treasury Department in a statement said it […]

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Iran’s oil exports jump in September defying sanctions: TankerTrackers

© Reuters. A gas flare on an oil production platform is seen alongside an Iranian flag in the Gulf By Bozorgmehr Sharafedin and Alex Lawler LONDON (Reuters) – Iranian oil exports have risen sharply in September in defiance of U.S. sanctions, three assessments based on tanker tracking showed, throwing a lifeline to the Islamic Republic […]

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U.S. eyes October deadline to end exemptions on Venezuela oil sanctions: sources

2/2 © Reuters. FILE PHOTO: A worker stands at a closed gas station of the state oil company PDVSA in San Cristobal 2/2 By Jonathan Saul and Marianna Parraga LONDON/MEXICO CITY (Reuters) – The United States is considering an October deadline for ending exemptions to Venezuelan sanctions that allow some companies and refiners to still […]

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