![]() |
|
by Staff Writers Paris (AFP) May 15, 2018
The United States will re-establish sanctions against Iran progressively, kicking off with the automobile and civil aviation sectors, a source close to the French government said on Tuesday. Energy and finance will follow, with companies facing punishment if they continue to do business with Iran, after US President Donald Trump withdrew from a landmark nuclear deal with Tehran. August 6 will see the re-introduction of auto and civil aviation sanctions, according to the source. Sanctions in the energy sector, covering oil, gas and petro-chemicals, will follow on November 4. "There will be the obligation to reduce imports of Iranian crude oil and, in more general terms, sanctions on any commercial operations and transactions of the (energy) sector with Iran," the source said. On the same day, sanctions will be extended to the financial sector with "a ban on transactions with a certain number of major financial actors, including the central bank" and on the use of messaging systems such as the international banking system Swift, the source said. Attributions of so-called "General Licence H" allowing subsidiaries of US companies to deal with Iran will be revoked, the source said. Washington has given companies 90 to 180 days to wind up contracts with Iran and banned them from signing new ones, under threat of sanctions.
Trump administration faces crunch week on trade Washington (AFP) May 15, 2018 President Donald Trump's trade team faces a crunch week as they juggle talks on multiple sensitive issues representing hundreds of billions in trade amid pressing deadlines. High-stakes negotiations will take place with China, the European Union and Washington's two North American Free Trade Agreement partners. And while the talks have been going on for weeks and months, key deadlines are fast approaching - critically for NAFTA. - NAFTA deadline - Officials have been working furiously t ... read more
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |