Comprehensive Iran Sanctions, Accountability, and Divestment Act Current Affairs, GK & News

More US sanctions on Iran

US imposed more sanctions on Iran to weaken its oil export dependent economy. It imposed Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (CISADA) and put penalizing action against those who continued to maintain ties with Iran. Due to sanctions, Bank of Kunlun in China and Elaf Islamic Bank in Iraq were punished for ..

Month: 

Topics: 

India imposes ban on US-sanctioned Iranian ships

India has banned entry of US-sanctioned Iranian ships into its water. The move will adversely impact crude oil imports from the country’s 4th largest crude oil exporter. Background: In July 2012, after EU imposed sanctions against Iran, India had permitted state oil refiners including Mangalore Refinery and Petrochemicals Ltd (MRPL) to import oil from Iran ..

Month: 

Topics: