Tag Archives: Economic sanctions

UN Security Council does not vote to extend arms embargo on Iran

The UN Security Council on Friday voted overwhelmingly against a US resolution to extend a definitive arms embargo against Iran. Without further action, the 13-year embargo will now expire in mid-October Iran to buy and sell conventional weapons without UN restrictions. The embargo was first formed in 2007, well before …

Read More »

Chinese banks move to comply with US sanctions on Hong Kong

China’s largest state-owned banks operating in Hong Kong are taking tentative steps to comply with US sanctions imposed on city officials, and are trying to protect their access to major dollar financing and foreign networks. Large lenders with operations in the US included Bank of China Ltd., China Construction Bank …

Read More »