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Saturday, January 3, 2026
TopicUS Sanctions

Topic: US Sanctions

US defied own sanctions, imported Russian crude worth nearly $3.5-mn in Oct-Nov, claims report

Import made possible by licences granted by US treasury dept's Office of Foreign Assets Control, which is responsible for enforcing sanction, says Russian state-owned Sputnik Globe news.

US, Australia and others impose sanctions on North Korea following satellite launch

Since the launch of the satellite, North Korea said that it has reviewed spy satellite photos of the White House, Pentagon and US aircraft carriers at the naval base of Norfolk.

What US easing sanctions on Venezuela, home to world’s largest oil reserves, could mean for India

Move could pay dividends to Indian refiners, who have capacity to refine heavy crude from Venezuela. India consistently bought crude from Latin American country before sanctions.

US, in coordination with UK, imposes third round of sanctions on Hamas following Israel attack

US Treasury Dept said the action targets key officials and the mechanisms through which Iran provides support to Hamas and militant group Palestinian Islamic Jihad, an ally of Hamas.

Former President Barack Obama among 500 Americans banned by Russia in response to US sanctions

The Russian ministry justified the prohibitions saying, "It is high time for Washington to learn that not a single hostile attack against Russia will go without a strong reaction."

Friends that beat sanctions together: Russia’s Aeroflot sends Airbus A330 for repair to Iran

The development comes amid US-led sanctions on Aeroflot & Mahan Air due to Russia’s invasion of Ukraine & an alleged plot to assassinate Saudi Arabia’s ambassador to America in 2011.

On Camera

Indian bureaucracy should be given incentives and rewards: MH Mody

Is there a place for a counter-bureaucracy, or a separate and competing bureaucracy to counterbalance the force of the executive’s bureaucracy, asked author MH Mody in 1980.

India’s urban co-op banks are turning the page—crisis to cautious revival, one metric at a time

With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.

Greece looking at TATA’s WhAP infantry combat vehicle for army procurement

If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.

A year-end Mea Culpa in National Interest—The Army-Islam combo doesn’t kill democracy

Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.