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The Latest Breaking News from Treasury Department

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK

Federal tourism aid funds gas stations, trash cans, jazz

Hundreds of tourism projects nationwide are collectively getting about $2.4 billion in federal coronavirus relief funding

The Independent UK

Forest justice must be for all

A ruling by Chiang Mai's administrative court dismissing a controversial case involving houses and residential buildings for judicial staff draws to a close a long-standing forest conflict in the northern province.

Bangkok Post

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U.S. imposes new sanctions on Russian individuals and entities -Treasury Dept

The United States on Friday imposed new sanctions on two Russian individuals and four Russian entities, the Treasury Department's website showed.

Reuters

Australia forecasts high inflation for another 2 years

New forecasts by Australia’s government say runaway inflation will remain unacceptably high for the next two years and economic growth will slow without falling into recession

The Independent UK

Doi Suthep case dismissed

Chiang Mai's Administrative Court on Wednesday dismissed a controversial case involving a housing project for judicial staff situated at the foot of Doi Suthep.

Bangkok Post

Bank founded by exile in Miami handles Cuba’s accounts for diplomatic posts in the US

A bank with Cuban American roots in Miami has recently started handling the bank accounts for the Cuban Embassy in Washington, D.C., and the Cuban mission at the United Nations in New York.

Miami Herald

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Judge tosses Arizona suit over limits on virus relief funds

A judge has dismissed Arizona Gov. Doug Ducey’s lawsuit challenging the Biden administration’s demands that the state stop sending millions in federal COVID-19 relief money to schools that don’t have mask requirements or that close due to COVID-19 outbreaks

The Independent UK

LOCALIZE IT: States get relief money for small businesses

Nine more states have been approved for a piece of nearly $10 billion in relief money being distributed by the federal government to promote small business growth.

The Independent UK

Yellen says she had 'productive' meetings on Russian oil price cap

U.S. Treasury Secretary Janet Yellen said on Saturday she had productive meetings about a proposed price cap on Russian oil with a host of countries on the sidelines of a meeting of the finance chiefs of the Group of 20 major economies.

Reuters

Yellen cancels public event in Japan after Abe assassination

U.S. Treasury Secretary Janet Yellen has canceled her visit to the Port of Yokohama during her visit to Japan next week out of deference following the assassination of former Prime Minister Shinzo Abe, a Treasury official said on Saturday.

Reuters

GOP states using COVID aid for tax cuts

COVID relief bill bans states from using the money to offset the cost of tax cuts so Republicans are suing

Salon

New land appraisal rules rile hoteliers

Hotels are crying foul over the new land appraisal rules the Treasury Department is set to apply for the land and building tax from next year, saying the decision could deeply hurt the hospitality sector.

Bangkok Post

U.S. blocks $1 billion in Delaware trust linked to Russian oligarch with ties to Putin

A seized superyacht that U.S. officials say is linked to Suleiman Kerimov is also in U.S. custody.

Axios

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The Independent UK

Treasury blocks $1 billion trust owned by Russian oligarch

The Treasury Department has blocked a $1 billion Delaware-based trust connected to sanctioned Russian oligarch Suleiman Abusaidovich Kerimov

Reuters

U.S. takes enforcement action against trust over interest held by Russian oligarch

The United States on Thursday took enforcement action imposing restrictions against Delaware-based Heritage Trust on the grounds that sanctioned Russian oligarch Suleiman Kerimov holds a property interest, the Treasury Department said.

Asharq Al-Awsat

US Disburses $1.3 bn of Promised Aid to Ukraine

The US Treasury Department announced Wednesday the transfer of $1.3 billion in economic aid to Ukraine as part of the initial $7.5 billion promised to Kyiv by the Biden administration in May. "With this delivery of economic assistance, we reaffirm our resolute commitment to the people of Ukraine as they…

The Independent UK

1st Native American treasurer to push economic development

The nation’s first Native American U.S. treasurer comes from a line of chiefs who instilled the importance of keeping her tribe healthy and “leaving fooprints” to follow for those who come behind

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Reuters

New U.S. sanctions target Russian gold imports, defense industry

The United States on Tuesday imposed sanctions on more than 100 targets and banned new imports of Russian gold, acting on commitments made by the Group of Seven leaders this week to further punish Russia over its invasion of Ukraine.

Reuters

U.S. Treasury's Adeyemo discussed Russia sanctions implementation in Turkey visit

U.S. Deputy Treasury Secretary Wally Adeyemo traveled to Turkey this week where he discussed Russia's invasion of Ukraine and the enforcement of sanctions imposed on Moscow, the Treasury Department said in a statement on Saturday.

The Independent UK

US sanctions Nicaraguan gold mining firm over ties to Russia

The U.S. has imposed sanctions on Nicaragua’s state-owned gold mining company and the president of its board of directors partly over the Central American nation’s ties to Russia

Asharq Al-Awsat

US Pressures Iran with New Sanctions

The United States on Thursday imposed sanctions on Chinese and Emirati companies and a network of Iranian firms that help export Iran's petrochemicals, a step that may aim to raise pressure on Tehran to revive the 2015 Iran nuclear deal. The US Treasury department said it had imposed penalties on…

Bangkok Post

US adds Taiwan, Vietnam to currency monitoring list that includes Thailand

No major US trading partners such as China have been labeled as manipulating their currencies, but Taiwan and Vietnam were added to a "monitoring list" of foreign exchange policies, the Treasury Department said on Friday.

The Independent UK

Senate panel backs Michael Barr, Biden pick as Fed regulator

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

The Independent UK

Four states receive first allocations of $10B broadband fund

The U.S. Treasury Department is sending more than half a billion dollars to expand broadband access in four U.S. states

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