US and China Sanctions Impact Africa
6 articles from 4 countries
African businesses face complex compliance issues due to overlapping U.S. sanctions and Chinese counter-laws, particularly in sectors like mining and banking. Meanwhile, the U.S. has imposed new sanctions on Iran and Russia, drawing accusations of agreement violations from Iran.
Overlapping US and China sanctions complicate business in Africa
- African businesses face complex compliance challenges due to overlapping US sanctions and Chinese counter-laws. - Industries like mining, banking, and technology are particularly exposed to dual pressures from the world's two largest economies. - Companies are increasing efforts to navigate these overlapping regulations, with a surge in compliance inquiries reported.
Iran Accuses U.S. of Violating Agreement After New Sanctions
- Iran's Foreign Minister accused the U.S. of violating a memorandum of understanding by imposing new sanctions. - The U.S. Treasury sanctioned an Iranian financial facilitator, Ali Ansari, and associ…
US imposes new sanctions on Iran, IRGC-linked entities following attacks in Strait of Hormuz
- The US Treasury Department imposed new sanctions on individuals and groups linked to Iran, including an alleged financier to Iran's Supreme Leader and Iranian shadow exchange houses. - These sanctio…
White House backs new Russia sanctions, senators say
- US senators announced the White House has approved new sanctions against Russian hydrocarbons. - The proposed legislation, previously blocked by President Trump, now has executive backing and could …
US approves new sanctions against Iranian leader's circle over Hormuz attacks
- The U.S. announced new sanctions against an Iranian businessman and several exchange houses linked to Iran's supreme leader. - Washington claims these entities facilitate financial operations for al…
Turkey hopes US will lift sanctions soon, continues push for F-35 jets
- Turkey's Foreign Minister Hakan Fidan expressed hope that the US will soon lift sanctions and that Ankara will be able to purchase F-35 fighter jets. - The US imposed sanctions on Turkey in 2020 ove…