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Credit Suisse Freezes $5B of Russian Money Due to U.S. Sanctions…

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One of Switzerland’s largest banks, Credit Suisse, has frozen roughly 5 billion Swiss francs ($5 billion) of money linked to Russia to avoid falling foul of U.S. sanctions, according to its accounts, further increasing pressure on Moscow. The move by Credit Suisse, which owned aircraft surrendered by Russian tycoon Oleg Deripaska and had lent money […]

Trump Imposes First Round of Sanctions Against Iran Since Nuclear Deal Exit…

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The Trump administration on Monday plans to reimpose the first round of sanctions against Iran since the U.S. withdrew from its nuclear agreement with the country earlier this year. Monday’s deadline marks the end of a 90-day “wind-down” period the administration provided to companies and individuals doing business with Iran after exiting the Joint Comprehensive […]

Tough New Sanctions on North Korea…

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In announcing new sanctions Friday against North Korea, President Trump made it clear that the communist nation will pay a big price for stockpiling nuclear weapons and long-range missiles that pose a threat to the U.S. and other countries. The president spoke to the Conservative Political Action Conference about the tough new sanctions designed to […]

Mnuchin Defends Russia Sanctions Delay…

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Treasury Secretary Steven Mnuchin on Tuesday defended his department’s implementation of a bipartisan Russia sanctions law, vowing to senators that “there will be sanctions” stemming from the Trump administration’s work. Mnuchin’s remarks come amid rising frustration from Democrats over the administration’s decision Monday to delay the issuance of new penalties targeting Moscow’s defense and intelligence […]

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