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U.S. DECLARES EMERGENCY TO PROTECT VENEZUELAN SOVEREIGN FUNDS Why in the News? Emergency order: Donald Trump declared a national emergency to block courts and creditors from seizing Venezuelan government funds held in the United States, a move that could be seen as an ex-post facto intervention in financial matters. Executive action: An executive order bars …
Read MoreUS Grants Six-Month Sanctions Relief for Chabahar Port Why in the News ? In a significant policy reversal, the United States has granted a six-month sanctions waiver for India’s participation in Iran’s Chabahar Port project, marking a turnaround from its September withdrawal of the same waiver. The port is vital for India-Afghanistan connectivity and regional …
Read MoreU.S. Sanctions on Russian Oil Impact Indian Imports Why in the News? The United States has imposed sanctions on Russia’s leading oil firms, Rosneft and Lukoil, for allegedly funding the Kremlin’s war in Ukraine. This move reflects the complexities of global governance in a multipolar world, where economic sanctions are increasingly used as tools of …
Read MoreUS Sanctions on ICC Judges Trigger Global Criticism Why in the News? The United States government has imposed sanctions through an executive order on several International Criminal Court (ICC) officials, including French Judge Nicolas Guillou, for pursuing war crimes charges against Israeli Prime Minister Benjamin Netanyahu and other Israeli officials. This move, announced on August …
Read MoreIndia Slams Sanctions on Russian Oil Trade Why in the News ? India has cautioned against U.S.-backed sanctions targeting buyers of Russian oil, following a proposed Russian Sanctions Act, 2025. The Bill seeks to impose 500% duties on countries like India, China, and Brazil, triggering diplomatic responses and debates over energy security. India Responds to …
Read MoreWhy in the News ? The US has sanctioned UAE-based Indian Jugwinder Singh Brar and his four companies for allegedly aiding Iran’s oil trade. This action is part of Washington’s ongoing “maximum pressure” campaign aimed at disrupting Iranian oil exports and related networks. Who Was Sanctioned and Why ? The US Treasury’s Office of Foreign …
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