European countries not in the EU aligned with two recent EU sanctions moves concerning Iran and human rights abuses, the Council of the EU announced.
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A now-defunct Thai trading company will pay $20 million to settle charges that it violated Iran sanctions by selling high density polyethylene resin made in Iran to East Asian customers in U.S. dollars, the Office of Foreign Assets Control said April 19 in an enforcement release.
The U.S. announced on April 18 a new package of export controls and sanctions against Iran and its activities that support Russia’s war effort, in retaliation for Iran’s attack five days earlier on Israel.
The full House and the Senate Foreign Relations Committee each approved several Iran sanctions bills this week, reflecting increasing congressional concern about Tehran's behavior.
Leaders of the Group of Seven (G7) nations have discussed the possibility of imposing additional sanctions on Iran in response to that country’s drone and missile attack on Israel last week, White House National Security Communications Adviser John Kirby said April 15.
The ranking member of the Senate Banking Committee said April 12 that he has asked the Treasury Department to provide “an accounting of all international high-value Iranian assets around the world that are currently blocked by U.S. sanctions.”
Sen. Tim Scott, R-S.C., the ranking member on the Senate Banking Committee, and 12 other Republican senators criticized the Biden administration’s renewal of an Iran sanctions waiver last month, saying the move will help Tehran fund terrorism.
Sanctions compliance professionals should familiarize themselves with several advisories authorities recently issued to help spot “dark fleet” vessels that seek to evade the price cap on Russian oil sales or oil sanctions on Iran and Venezuela, experts said April 4 during a webinar hosted by the Association of Certified Sanctions Specialists.
Senate Foreign Relations Committee Chairman Ben Cardin, D-Md., said March 7 that his panel could soon consider several bills, including Iran sanctions legislation.