Page-3 of Sanctions against Iran Current Affairs, GK & News

Joint Comprehensive Plan of Action

Joint Comprehensive Plan of Action or JCPOA is an agreement of China, France, Germany, Russia, the UK, the US and the European Union (EU) with Iran signed in 2015. Features of the pact: As per the agreement, Iran agreed to make certain changes to its nuclear programme to ensure it does not threaten the regional stability. In ..

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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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US Sanctions on Banks engaged in Iranian oil transactions

United States announced new sanctions against foreign banks that assist Iran sell its oil. The fresh sanctions will target anyone buying Iranian petrochemicals or facilitating payments to Iran, including an Iraqi or Chinese Bank. This has been done to further increase the pressure on Iran. After the move, China, a huge importer of Iranian oil, ..

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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 ..

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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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