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Tag Archives: Sanctions

Oil dips on well supplied markets despite tighter Iran sanctions

© Reuters. Oil dips on well supplied markets despite tighter Iran sanctions * IEA says oil markets are adequately supplied * U.S., OPEC spare capacity to fill in for lost Iranian supply By Henning Gloystein SINGAPORE, April 24 (Reuters) – Oil prices inched lower on Wednesday on signs that global markets remain adequately supplied despite a jump to 2019 highs ...

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Exclusive: New York Fed cracks down on Puerto Rico banks following Venezuela sanctions

CARACAS: U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s US$ 50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island’s offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts with the Fed that give ...

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Exclusive: New York Fed cracks down on Puerto Rico banks following Venezuela sanctions

CARACAS: U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s US$ 50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island’s offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts with the Fed that give ...

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Exclusive: New York Fed cracks down on Puerto Rico banks following Venezuela sanctions

CARACAS: U.S. sanctions on Venezuela have led the New York Federal Reserve to crack down on Puerto Rico’s US$ 50 billion offshore banking industry, according to four sources and a document seen by Reuters. The development will prevent the island’s offshore banks, several of which are owned by citizens of crisis-stricken Venezuela, from opening accounts with the Fed that give ...

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U.S. Risks Roiling Oil Markets in Trying to Tighten Sanctions

WASHINGTON — The Trump administration has reached a critical juncture in its efforts to tighten United States oil sanctions against Iran and Venezuela. By pressuring China and India to end or sharply reduce oil purchases from Iran and Venezuela, American officials are seeking to cut off a key economic lifeline for what the administration considers to be two rogue nations ...

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