WASHINGTON: The US imposed sanctions on nearly 400 entities and individuals from over a dozen countries, including India, accusing them of supplying Russia with advanced technology to support its “war machine” against Ukraine.The action, taken by the treasury and state depts, was the most concerted push so far against third-country evasion of the sanctions imposed…
Far-right Freedom Party (FPO) emerged victorious in Austria’s general election, according to vote projections, adding to the growing support for hard-right parties across Europe.The Russia-friendly and Eurosceptic FPO, led by Herbert Kickl, maintained a narrow lead in opinion polls for months, surpassing Chancellor Karl Nehammer‘s ruling conservative Austrian People’s Party (OVP) in a campaign focused…
As European capitals prepare to implement long-awaited sanctions on Russia‘s diamond exports, Belgian traders are bracing for new scrutiny of their industry. In Antwerp’s renowned diamond district — which handles an estimated 86 percent of the world’s rough diamonds — polishing “labs” are turning to blockchain technology to prove their gemstones come from legitimate mines…
Mumbai|Kolkata: The Office of Foreign Assets Control (OFAC), a US government arm, has, in the last couple of months, frozen about a dozen fund transfers worth nearly $26 million by multiple offshore firms belonging to Indian jewellers, for alleged import of rough diamonds mined in Russia. The entities that have been directly impacted are UAE…
