Business
The State Bank of India (SBI) has suspended all international trade and foreign currency transactions for Nayara Energy, citing concerns over potential exposure to U.S. tariffs and European Union sanctions linked to the company’s partial Russian ownership. Compliance Over Commercial Considerations The decision, taken as a precautionary compliance measure, reflects growing
International
The United States has imposed sanctions on six Indian companies for allegedly engaging in the trade of Iranian oil and petrochemical products. The move, announced on July 31, is part of Washington’s broader strategy to enforce sanctions on Iran’s energy exports. $220 Million in Transactions Identified According to U.S. authorities, the firms were involved in […]
International
Iran held high-level nuclear discussions with the United Kingdom, France, and Germany on July 25 in Istanbul, marking the first face-to-face talks since recent military strikes targeted Iranian nuclear sites. The meeting was aimed at avoiding the reimposition of United Nations sanctions and finding a way forward for the stalled nuclear negotiations. Focus on Avoiding […]