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Tag: sanctions

US eases restrictions on four major Myanmar banks

Feb 24, 2013 10:58pm by Gwen Robinson
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The US has taken further steps to ease restrictions on US corporate investment and business activities in Myanmar, following intense debate within the US Treasury and the State department after Washington softened sanctions against the country last July.

The move frees US citizens and companies to conduct business with four of the country’s biggest banks, of a total 19 banks. All four banks have faced US sanctions and at least two of the institutions are controlled by people who have been on so-called US “blacklists”, naming individuals with close business and financial links to the former military regime. Continue reading »

Tags: , , , Posted in Asia, Myanmar |

Turkey-Iran: gold for gas US scrutiny

Nov 28, 2012 4:24pm by Daniel Dombey
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More pressure is coming Turkey’s way over gas purchases from Iran.

After the Turkish government’s admission last week that Tehran was using revenue from gas sales to Ankara to buy gold and then shipping the metal back home, the gas-gold trade has attracted (almost certainly unwelcome) attention from the US Senate. Continue reading »

Tags: , , , Posted in Europe, Turkey |

Guest post: muscling into Myanmar’s surprisingly crowded business world

Jul 20, 2012 3:04am by beyondbrics
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By Udayan Chattopadhyay of Ergo

The US’s decision to suspend some key sanctions against Myanmar is the latest and perhaps most prominent endorsement received by that country’s new quasi-civilian regime.

Global interest has surged, due to Myanmar’s vast untapped natural resources, underexploited agricultural sector and huge underemployed labor force. While there is justifiable excitement – the IMF expects 6 per cent economic growth this year – those new to Myanmar will find that it is hardly virgin territory. Continue reading »

Tags: , , , , , Posted in Myanmar |

Chart of the week: Iranian oil sanctions – whose problem is it?

Jul 16, 2012 7:13am by Rob Minto
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The last few days have seen a fresh wave of US sanctions against Iran, in an attempt to put the brakes on its nuclear programme. But cutting off Iran’s oil – its biggest export – isn’t easy.

Chart of the week takes a look at which emerging markets are affected the most. Continue reading »

Tags: , , , Posted in Global, Iran, MidEast |

Hello Espo: Russian oil looks east

Feb 29, 2012 11:06am by Isabel Gorst
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The prospect of European Union sanctions against Iran is driving up oil prices and sending buyers looking for cover. But Europe should not assume that Russia, the world’s biggest oil producer, will replace the missing Iranian crude when the embargo kicks in on July 1.

After years of delays and billions of dollars of investment Russia is beginning to redirect its oil trade away from the west towards premium energy markets in China and east Asia. Continue reading »

Tags: , , , , Posted in Asia, Europe, Russia |

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