SANCTIONS WAIVER
To help Airbus, Macron pressed Canada to ease Russia titanium sanctions
French President Emmanuel Macron personally intervened to persuade Canadian Prime Minister Justin Trudeau to give Airbus and other aerospace firms relief from sanctions on Russian titanium. The request was made during a phone call between the two leaders in March, weeks after Canada broke ranks with allies and slapped sanctions on the strategic metal. Macron had made a "significant effort" to convince Trudeau to grant an exemption for European companies. At least one other European government also weighed in to support the lobbying effort. Ottawa initially stood firm but within days modified its policy by granting Airbus and others waivers.
US shows understanding of Chabahar Port operations importance: India
The United States has shown an understanding of the importance of the Chabahar Port operations for continued humanitarian supplies to Afghanistan and to provide Afghanistan with economic alternatives, the Ministry of External Affairs said on Friday, reminding Washington of its own position on the project.
United States understands the importance of Chabahar port, says MEA
The Ministry of External Affairs spokesperson, Randhir Jaiswal, stated that the US acknowledges the significance of the Chabahar port for regional connectivity, despite potential sanctions on entities doing business with Iran. The port, which facilitates access to Afghanistan and Central Asia, was developed under a 10-year India-Iran agreement. External Affairs Minister S. Jaishankar emphasized its regional benefits. The US had previously exempted India from certain sanctions to support the port’s development, recognizing its strategic importance for Afghanistan’s reconstruction.
US ignoring its own sanctions waiver extended to India on Chabahar Port
The US warns of potential sanctions on dealings with Iran after India signs a 10-year contract on Chabahar Port. External Affairs Minister S Jaishankar stresses the project's regional benefits, citing past US acknowledgment.
Funds from sanction waiver by US not to go into Iran: White House
White House National Security Communications Advisor John Kirby clarified that funds from a US sanction waiver allowing Iraq to purchase energy from Iran will not go to the Iranian government. The waiver, renewed every three months, aims to help Iraq transition away from Iranian energy dependency. Kirby emphasized that the money goes to vendors providing humanitarian assistance to the Iranian people, not to the Iranian government. The US State Department reiterated that no money has been permitted to enter Iran under these waivers.
Govt grants sanction to prosecute joint drugs controller S Eswara Reddy in Biocon Biologics bribery case
Eswara Reddy along with Animesh Kumar (Assistant Drugs Inspector), Biocon Biologics' Associate Vice President L Praveen Kumar, and Synergy Network India Private Limited director Dinesh Dua, were arrested last year in the bribery case allegedly to waive the Phase 3 clinical trial of 'Insulin Aspart' injection, a product developed by the company to manage Type 1 and Type 2 diabetes. However, Biocon Biologics, a subsidiary of Kiran Mazumdar Shaw-led Biocon, denied the allegations of bribery.
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SBI home loan: State Bank of India offers concession, 50-100% processing fee waiver till this date
All variants of home loan and top up there is a 50-100% waiver in card rate, minimum Rs.2,000 and maximum of Rs. 5,000 plus applicable GST
Japan excludes three Russian energy projects from sanctions
Japan has excluded from sanctions three Russian energy projects in which Japanese companies are actively participating, according to an announcement posted to the website of the country’s Economy Ministry. According to the announcement, the exemption will cover projects deemed critical to Japan's energy security.
Russia’s secret gem sales are dividing the diamond world
There’s a handful of Indian and Belgian buyers who are snapping up large volumes at lucrative terms, getting to pick and choose the diamonds they need while others stay away.
Indian-American Congressman Ro Khanna introduces standalone bill in US House for CAATSA waiver to India
The Countering America's Adversaries Through Sanctions Act (CAATSA) is a tough US law that authorises the US administration to impose sanctions on countries that purchase major defence hardware from Russia in response to Moscow's annexation of Crimea in 2014 and its alleged meddling in the 2016 US presidential elections.
Russia terms CAATSA waiver for India a sign of US 'weakness'
A top government official also said that the recent exemption from sanctions granted to India for the acquisition of Russian S 400 anti aircraft systems is a sign of American 'weakness'. The official was commenting on an amendment approved by the US House of Representatives exempting India from the Countering America's Adversaries Through Sanctions Act (CAATSA) in July.
US President Biden will expedite India-specific CAATSA sanctions waiver because he has the political mileage: Congressman Ro Khanna
In July, the US House of Representatives passed a legislative amendment that approves an India-specific waiver for punitive CAATSA sanctions for its purchase of the S-400 missile defence system from Russia.
Caatsa waiver for India still a long drawn out process. Here's why
If the Joe Biden administration decides to consider India's case for a waiver, the US Senate will have to discuss it and take it up for voting. Once that is done, the President will sign it into law and, in between, there are several procedural issues that have to be addressed.
US House approves CAATSA sanctions waiver to India for purchase of S-400 missile defence system from Russia
CAATSA is a tough US law that authorises the US administration to impose sanctions on countries that purchase major defence hardware from Russia in response to Russia's annexation of Crimea in 2014 and its alleged meddling in the 2016 US presidential elections.
US House recommends CAATSA waiver for India
The CAATSA sword has been hanging over the US-India relationship ever since India went for the Russian S-400 missile defence system. While it passed the House, the amendment must still clear the Senate to be truly meaningful.
Indian origin Congressman bats for CAATSA waiver for India for Russian arms deals
India had inked the USD 5.43 billion deal with Russia for five squadrons of S-400s in October 2018. Although as per a top official under President Joe Biden's administration earlier, the United States has not made a final decision on sanctions on India for its acquisition of the S-400 missile system from Russia under the CAATSA.
US has not yet made determination on potential sanctions or waivers to India under CATSAA law: Antony Blinken
CAATSA is a tough US law that authorises the administration to impose sanctions on countries that purchase major defence hardware from Russia in response to Russia's annexation of Crimea in 2014 and its alleged meddling in the 2016 US presidential elections.
CAATSA: What it is, why it is in news & how it can hurt India
According to statements made by US officials, Biden administration is yet to decide whether or not to apply sanctions on India under CAATSA.
Oil falls on prospect of Iran oil sanctions easing
Oil prices retreated on Friday after wild swings during the week, as the prospect of extra supply from Iran returning to the market outweighed fears of a possible Russian invasion of Ukraine, which could disrupt supply. Brent crude futures fell 68 cents, or 0.7%, to $92.29 a barrel at 0124 GMT, extending a 1.9% drop from the previous session.
Oil slips from 7-year highs ahead of more US-Iran talks
Oil prices eased on Tuesday morning ahead of the resumption of indirect talks between the United States and Iran which may revive a nuclear deal that could lead to the removal of sanctions on Iranian oil sales, increasing global supplies.
Maharashtra govt’s property tax waiver to prop up affordable housing activity
While state ministers have so far announced the waiver only for Mumbai and Navi Mumbai, it is likely to be extended to other cities in Maharashtra, helping boost the property markets there as well.
'US yet to decide on potential waiver of sanctions against India for S-400 purchase'
The Joe Biden administration also urges "all of our allies, partners" to forgo transactions with Russia that risk triggering sanctions under the CAATSA, the spokesperson said in response to reports that Russia has started delivering the S-400 to India.
India & S-400: US concern remains around the issue of US and Russian weapon systems operating in proximity
Broadly speaking, three 'Cs' will determine Biden's decision: concerns, considerations and China. A major US concern remains around the issue of US and Russian weapon systems operating in proximity, since India has both. Commingling could compromise secrets because of hacking and stealing. Indian officials say they won't allow that to happen.
US President Biden urged not to impose CAATSA sanctions on India
CAATSA is a tough US law which authorises the administration to impose sanctions on countries that purchase major defence hardware from Russia in response to Russia's annexation of Crimea in 2014 and its alleged meddling in the 2016 US presidential elections.
OVL seeks waiver of US sanctions on Venezuela to recover dividends
ONGC has investments in two Venezuelan oil fields - Sancristobal and Carabobo-1 - but has been unable to receive its share of income for years, first due to enduring financial troubles in the Latin American country and then the imposition of the US sanctions that blocked oil trade and payment channels.
No blanket waiver on S-400, urge India to avoid Russian deals: US
Dependent on Russia as a prime supplier in the past, India has been diversifying its basket of weapon systems and has ordered significant weapons from the US in recent years, including transport aircraft, helicopters and assault rifles.
US extends Iraq sanctions waiver until before Biden inauguration
Baghdad buys gas and electricity from its neighbour Tehran to supply about a third of its power sector, worn down by years of conflict and poor maintenance.
US to end sanctions waiver for all countries in Iran nuclear deal
The US will end the last remaining sanctions waiver that allowed countries like China to cooperate with Iran on civil nuclear projects.
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