Unfreezing of Iranian assets by the United States has been one of the constant demands of Tehran while negotiating a peace deal to end the ongoing war. However, the US’ treasury department seems to have different plans for those assets. Scott Bessent has reportedly asked the treasury department to take a comprehensive measure of the…
The US Treasury has decided to extend a sanctions waiver allowing trade in Russian seaborne oil for another 30 days after several countries sought additional time to continue purchases. A tourist watches the MT Desert Kite oil tanker carrying Russian oil at Narara Marine National Park in the Arabian Sea, Gujarat, India, March 11 ,…
China’s vice premier He Lifeng and US Treasury Secretary Scott Bessent are expected to attend the meeting in South Korea Wednesday. (File pic) BEIJING: Senior Chinese and US officials will hold talks in South Korea in the coming days, Beijing’s commerce ministry and Washington’s treasury secretary said Sunday, ahead of an expected summit between leaders…
US treasury secretary Scott Bessent criticised China’s decision to tighten control of rare earth exports, calling it a “mistake” that cautioned everyone.Reflecting on China’s decision to introduce new export restrictions in October, Bessent said the move had revealed Beijing’s willingness to weaponise rare earths, a group of minerals that are vital to defence systems, electric…
Beijing has warned against “unilateral actions” targeting Chinese interests, as the US intensifies pressure on Western allies to impose steep tariffs on China and India for allegedly “enabling” Russia’s invasion of Ukraine by continuing to buy Russian oil. US President Donald Trump issued a letter to Nato members on Saturday, urging them to stop buying…
The United States is asking the G7 to punish India and China with tariffs for purchasing oil from Russia. US Treasury’s Scott Besant said penalties on nations having energy trade with Moscow are necessary, stating, “Cutting off Russian revenue will end the war.” This move is described as “double speak,” contrasting with Donald Trump’s statements…
US Treasury Secretary Scott Bessent said on Friday that meetings with his Chinese counterparts this week “advanced our talks”, but stopped short of confirming that US President Donald Trump approved the consensus that Beijing claimed they had reached. “This week’s negotiations in Stockholm have advanced our talks with China, and I believe that we have…