Page-2 of Economic sanctions Current Affairs, GK & News

Russia imposes economic sanctions against Turkey

Russia has imposed economic sanctions against Turkey, a NATO member over the issue of downing of a Russian Sukhoi 24 warplane on the Syrian border. In this regard, Russian President Vladimir Putin has signed a decree adopting a series of retaliatory economic measures against Turkey with an effect from 1st January 2016. Russian economic sanctions ..

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Russian troops start withdrawal

Ukraine has affirmed that the Russian troops who were believed to be in the Ukrainian territory have withdrawn back to Russian soils. This is a major step which will help bring back peace in the region. After about 5 months of intense fighting which had followed the Russian occupation of Crimea, the region saw a ..

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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 ..

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EU intensifies arms embargo & sanctions against Syria

The European Union intensified arms embargo and sanctions against the Syria government in reaction to rising violence in the country. The 27-member Union adopted the conclusion according to which vessels and aircraft heading to Syria will be inspected if it is suspected that the cargo contains arms or equipment for internal oppression. As per the ..

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Fresh sanctions imposed on Iran

The US imposed fresh sanctions against Iran increasing pressure on Tehran to take seriously concerns about its suspected nuclear weapons programme. The Treasury and State Department actions target more than 50 entities linked to Iran’s procurement, petroleum, and shipping networks. According to US Treasury and State Department the move is directed towards disrupting Iran’s nuclear ..

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