US imposes fresh round of sanctions against Russia ahead of Trump return to White House

US imposes fresh round of sanctions against Russia ahead of Trump return to White House
A view shows a petrol station of the Russian oil producer Gazprom Neft in Moscow on January 13, 2025. (AFP)
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Updated 16 January 2025
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US imposes fresh round of sanctions against Russia ahead of Trump return to White House

US imposes fresh round of sanctions against Russia ahead of Trump return to White House
  • Sanctions target Russia’s military industrial base and evasion schemes
  • Congressional approval required to lift some sanctions on critical Russian entities
  • China-based entities, Kyrgyzstan financial institution among targets

WASHINGTON: The United States on Wednesday imposed hundreds of sanctions targeting Russia, seeking to increase pressure on Moscow in the Biden administration’s final days and protect some sanctions previously imposed.
The US State and Treasury departments imposed sanctions on over 250 targets, including some based in China, taking aim at Russia’s evasion of US sanctions and its military industrial base.
As part of the action, the Treasury imposed new curbs on almost 100 entities that were already under sanctions, potentially complicating any future efforts to remove the measures.
Russia’s embassy in Washington did not immediately respond to requests for comment.
The Treasury in a statement said Washington was imposing fresh sanctions on almost 100 critical Russian entities — including Russian banks and companies operating in Russia’s energy sector — that were previously sanctioned by the United States. It said the move increases secondary sanctions risk for them.
The new sanctions are issued under an executive order that a senior Treasury official said requires Congress to be notified before any of the actions can be reversed.
Jeremy Paner, a partner at the law firm Hughes Hubbard & Reed, said the actions are “Trump-proofed,” preventing reversal of the additional sanctions without congressional approval.
“You can’t just with the stroke of a pen remove what’s being done,” he said.
Edward Fishman, a former US official who is now a research scholar at Columbia University, called it a “very significant action.”
“It protects these sanctions against sort of any frivolous decision to lift them,” he said. “It gives the new Trump administration more leverage with Russia.”
Trump’s transition team did not immediately respond to a request for comment.
It was unclear how Donald Trump, who succeeds President Joe Biden on Monday, will approach the issue of sanctions on Russia. Trump has been friendly toward Russian President Vladimir Putin in the past and said on Monday that he would aim to meet quickly with him to discuss Ukraine.
When asked about his strategy to end the war, Trump told Newsmax: “Well, there’s only one strategy and it’s up to Putin and I can’t imagine he’s too thrilled about the way it’s gone because it hasn’t gone exactly well for him either.”

Sanctions evasion scheme
Washington also took action against a sanctions evasion scheme established between actors in Russia and China, targeting regional clearing platforms in the two countries that it said have been working to allow cross-border payments for sensitive goods. The Treasury said several Russian banks under US sanctions were participants.
“China firmly opposes any illegal unilateral sanctions and ‘long-arm jurisdiction’,” Liu Pengyu, spokesperson for the Chinese embassy in Washington, said in a statement.
“The normal economic and trade exchanges between China and Russia should not be interfered with or disrupted, and should not be used as a tool to smear and contain China.”
Also hit with sanctions on Wednesday was Keremet Bank, a Kyrgyzstan-based financial institution the Treasury accused of coordinating with Russian officials and a bank identified by the United States as circumventing sanctions.
Keremet Bank did not immediately respond to a request for comment.
The US State Department also imposed sanctions on Russian-held Zaporizhzhia nuclear power plant, the largest in Europe.
The plant, located in Ukraine’s south east, was captured by Russia shortly after it launched the invasion in 2022. It is shut down but needs external power to keep its nuclear material cool and prevent a meltdown.
The sanctions will not affect its operations, Russian news agencies reported on Wednesday, citing the plant’s spokeswoman.
The Biden administration has imposed rafts of punitive measures targeting Russia over its February 2022 invasion of Ukraine that has killed or wounded thousands and reduced cities to rubble. Washington has repeatedly sought to counter the evasion of its measures.
Less than a week ago, the administration imposed its broadest package of sanctions so far targeting Russia’s oil and gas revenues in an effort to give Kyiv and Trump’s incoming team leverage to reach a deal for peace in Ukraine.


India reviewing crypto position due to global changes, senior official says

India reviewing crypto position due to global changes, senior official says
Updated 26 sec ago
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India reviewing crypto position due to global changes, senior official says

India reviewing crypto position due to global changes, senior official says
  • The review follows crypto-friendly policy announcements by US President Donald Trump
  • It may further delay publication of a discussion paper that was due for release in Sept. 2024

India is reviewing its stance on cryptocurrencies due to shifting attitudes toward the virtual asset in other countries, a senior government official told Reuters on Sunday.
The review, which follows crypto-friendly policy announcements by US President Donald Trump, could further delay publication of a discussion paper on cryptocurrencies that was due for release in September 2024.
“More than one or two jurisdictions have changed their stance toward cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,” India’s Economic Affairs Secretary Ajay Seth said in an interview.
Seth said that because such assets “don’t believe in borders,” India’s stance cannot be unilateral.
He did not specifically mention the United States, where Trump last week ordered the creation of a cryptocurrency working group tasked with proposing new digital asset regulations and exploring the creation of a national cryptocurrency stockpile, making good on his promise to overhaul US crypto policy.
Indians have poured money into cryptocurrencies in recent years despite the country’s tough regulatory stance and steep trading taxes.
India’s Financial Intelligence Unit (FIU) issued show-cause notices to nine offshore cryptocurrency exchanges in December 2023 for non-compliance with local rules.
Binance, the world’s biggest crypto exchange, was hit with a fine of 188.2 million rupees ($2.25 million) in June 2024, a month after it registered with the FIU in an effort to resume operations in the country.
Last year, India’s market watchdog recommended that several regulators oversee trade in cryptocurrencies, in a sign that at least some authorities in the country are open to allowing the use of private virtual assets.
That position stood in contrast to statements by the nation’s central bank, which has maintained that private digital currencies represent a macroeconomic risk.


Afghans push back against international calls for cricket team ban

Afghans push back against international calls for cricket team ban
Updated 02 February 2025
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Afghans push back against international calls for cricket team ban

Afghans push back against international calls for cricket team ban
  • Cricket is considered the most popular sport in Afghanistan, representing hope for many Afghans
  • British lawmakers urge national cricket body to boycott Feb. 26 match against Afghanistan

KABUL: Afghans are pushing back against calls to ban their national cricket team from participating in international competitions, saying such a move would not reverse the Taliban’s increasing restrictions on women in the country.

Regarded as the most popular sport in Afghanistan, cricket has represented a rare bright spot for many as they struggle amid a devastating economic and humanitarian crisis sparked by sanctions slapped on them by the Taliban administration following their takeover in 2021.

Since last month, foreign campaigns calling for Afghanistan’s men’s team to be barred from international matches have been gaining traction as a protest against the Taliban restricting women’s access to education, the workplace and public spaces, as well as sports.

This includes British lawmakers urging the England and Wales Cricket Board to boycott England’s upcoming match against Afghanistan in the ICC Champions Trophy, which is scheduled to take place on Feb. 26.

“There are problems in the country — we can’t deny that — but cricket is certainly not one of them,” Ahmad Nadim, a 23-year-old cricket fan in Kabul, told Arab News.

“The national players were among the first ones to criticize the restrictions on girls’ education and they have continuously voiced their support for Afghan women’s rights. Cricket has been a great source of happiness for Afghans and still continues to be one.”

Despite record-setting performances — including high-profile victories against England, Pakistan, Sri Lanka and Australia — over the last few years, Afghanistan’s place on the world cricket stage has become increasingly controversial.

After the Taliban disbanded the country’s women’s team following their takeover, most squad members fled to Australia, where they reunited for a match just last week.

Though the International Cricket Council requires member nations to have both a men’s and a women’s team, as Afghanistan kept its status as a full member it triggered boycotts from countries like Australia and England, which have refused to play them in bilateral matches.

Human Rights Watch have also called on the ICC to suspend Afghanistan’s membership “until women and girls can once again participate in education and sport” in the country.

In their home country, Afghans are openly opposing the boycotts and are calling for sports to be separated from politics.

“Afghanistan’s cricket team is all supportive of women’s rights to education because education is the foundation of a strong society and development in the country,” Hasti Gul Abid, an Afghan cricketer who has played for the national team, told Arab News.

“Afghanistan’s cricket reached the current stage with a lot of difficulties,” he said. “The people of Afghanistan have been supporting their national team since day one. Our people contributed to the advancement of cricket as much as the players did.”

As the men’s team’s popularity and victories have brought joy across the country on many occasions, some argue that the squad should not be seen as representatives of the Taliban government.

“The cricket team belongs to the whole country and all Afghans. It represents us all, not a specific political or ethnic group,” said 21-year-old Khanzada Shaheen, who plays in a local cricket team in Kabul.

Banning Afghanistan’s cricket team will not change the Taliban’s policies against women, said Lal Pacha, a fruit vendor in Kabul.

“We all want Afghan girls to return to schools and universities but why punish our cricket team for that?” he told Arab News.

“Let’s say the cricket team is banned from playing internationally, will this change the Islamic Emirate’s policy? There’s no logic in the demand for banning the cricket team.”


Man arrested in UK over alleged Qur’an burning

Man arrested in UK over alleged Qur’an burning
Updated 02 February 2025
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Man arrested in UK over alleged Qur’an burning

Man arrested in UK over alleged Qur’an burning
  • Incident took place in Manchester, from where it was live-streamed on social media
  • Man, who held up Israeli flag during broadcast, remains in custody on suspicion of racially aggravated offense

LONDON: A 47-year-old man has been arrested in the UK on suspicion of a racially aggravated offense after a Qur’an was reportedly set on fire.

The incident occurred in the center of the city of Manchester on Saturday and was live-streamed on social media.

It took place in front of the Glade of Light memorial, which was installed to honor the memory of the victims of the 2017 Manchester Arena bombing.

On the live stream, an individual tore out pages of a book appearing to be a Qur’an, before setting fire to each one. He also held up an Israeli flag during the broadcast.

Greater Manchester Police said in a statement that it arrested a man on the same day “on suspicion of a racially aggravated public order offence.” The man, who has not been named, remains in police custody.

Assistant Chief Constable Stephanie Parker said: “We understand the deep concern this will cause within some of our diverse communities and are aware of a live video circulating.

“We made a swift arrest at the time and recognise the right people have for freedom of expression, but when this crosses into intimidation to cause harm or distress we will always look to take action when it is reported to us.”


Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’

Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’
Updated 02 February 2025
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Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’

Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’
  • Trump placed duties of 10 percent on all imports from China, 25 percent on imports from Mexico and Canada
  • Says decision necessary “to protect Americans,” although it could throw global economy into possible turmoil

OTTAWA: Canada’s Prime Minister Justin Trudeau said on Saturday Canada would impose 25 percent tariffs on C$155 billion ($106.5 billion) of US goods in response to tariffs imposed by US President Donald Trump.

C$30 billion would take effect from Tuesday and C$125 billion in 21 days, Trudeau told a news conference.

China also said it “firmly opposes” the new tariffs imposed on Beijing and vowed to take “corresponding countermeasures to resolutely safeguard our own rights and interests.”

Trump earlier signed an executive order imposing 25 percent tariffs on all goods from Canada and Mexico starting on Tuesday except Canadian energy products, which will be subject to a 10 percent duty.

Trudeau warned the tariffs would hurt the United States, a long-time ally. He encouraged Canadians to buy Canadian products and vacation at home rather than in the US.

He said some non-tariff measures, including some relating to critical minerals, energy procurement and other partnerships are being looked at.

Trump also unveiled sweeping measures against China, announcing an additional 10 percent tariff on Chinese imports on top of existing duties.

In a statement on Sunday, China’s commerce ministry slammed Washington’s “erroneous practices,” saying Beijing was “strongly dissatisfied with this and firmly opposes it.”
The ministry said Beijing would file a lawsuit at the World Trade Organization, arguing that “the unilateral imposition of tariffs by the United States seriously violates WTO rules.”

It added that the duties were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation.”

“China hopes that the United States will objectively and rationally view and deal with its own issues like fentanyl, rather than threatening other countries with tariffs at every turn,” the ministry said.

It said Beijing “urges the US to correct its erroneous practices, meet China halfway, face up to its problems, have frank dialogues, strengthen cooperation and manage differences on the basis of equality, mutual benefit and mutual respect.”


Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’

Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’
Updated 02 February 2025
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Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’

Canada announces retaliatory measures against Trump tariffs; China also vows ‘countermeasures’
  • Canada would impose 25 percent tariffs on C$155 billion ($106.5 billion) of US goods, PM Trudeau says
  • China says the duties were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation”

OTTAWA: Canada’s Prime Minister Justin Trudeau said on Saturday Canada would impose 25 percent tariffs on C$155 billion ($106.5 billion) of US goods in response to tariffs imposed by US President Donald Trump.

C$30 billion would take effect from Tuesday and C$125 billion in 21 days, Trudeau told a news conference.

China also said it “firmly opposes” the new tariffs imposed on Beijing and vowed to take “corresponding countermeasures to resolutely safeguard our own rights and interests.”

Trump earlier signed an executive order imposing 25 percent tariffs on all goods from Canada and Mexico starting on Tuesday except Canadian energy products, which will be subject to a 10 percent duty.

Trudeau warned the tariffs would hurt the United States, a long-time ally. He encouraged Canadians to buy Canadian products and vacation at home rather than in the US.

 

 

He said some non-tariff measures, including some relating to critical minerals, energy procurement and other partnerships are being looked at.

Trump also unveiled sweeping measures against China, announcing an additional 10 percent tariff on Chinese imports on top of existing duties.

In a statement on Sunday, China’s commerce ministry slammed Washington’s “erroneous practices,” saying Beijing was “strongly dissatisfied with this and firmly opposes it.”
The ministry said Beijing would file a lawsuit at the World Trade Organization, arguing that “the unilateral imposition of tariffs by the United States seriously violates WTO rules.”

It added that the duties were “not only unhelpful in solving the US’s own problems, but also undermine normal economic and trade cooperation.”

“China hopes that the United States will objectively and rationally view and deal with its own issues like fentanyl, rather than threatening other countries with tariffs at every turn,” the ministry said.

It said Beijing “urges the US to correct its erroneous practices, meet China halfway, face up to its problems, have frank dialogues, strengthen cooperation and manage differences on the basis of equality, mutual benefit and mutual respect.”