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Banking

EU to propose sanctions on violent Israeli settlers in West Bank

European Union flags fly outside the European Commission in Brussels, Belgium November 8, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsBRUSSELS, Dec 11 (Reuters) - European Union foreign policy chief Josep Borrell said on Monday he would propose sanctions against Jewish settlers responsible for violence against Palestinians in the Israeli-occupied West Bank.Borrell was speaking after EU foreign ministers debated possible next steps in their response to the Middle East crisis triggered by Palestinian militant group Hamas's deadly Oct. 7 attack on Israel from Gaza.While much international attention has focused on the...
Funds

US renews waiver letting Iraq pay Iran for electricity

A man works on an electrical generator board during power outages in Basra, Iraq August 21, 2021. Picture taken August 21, 2021. REUTERS/Essam al-Sudani/File Photo Acquire Licensing RightsWASHINGTON, Nov 14 (Reuters) - The United States has issued a new 120-day waiver allowing Iraq to pay Iran for electricity, U.S. officials said on Tuesday, stressing Tehran could only use the funds for humanitarian trade and seeking to blunt criticism of giving Iran the money.U.S. officials said the waiver was identical to one in July that for the first time allowed Iraq...
Cryptocurrency

US sanctions seek to disrupt Hamas’ revenue, US Treasury says

A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo Acquire Licensing RightsWASHINGTON/LONDON, Oct 18 (Reuters) - The United States issued sanctions on Wednesday aimed at disrupting funding for the Hamas militant group after its deadly attack in Israel, singling out people involved in its investment portfolio and a Gaza-based cryptocurrency exchange among other targets.The sanctions, announced as President Joe Biden visited Israel in a show of support, targeted nine individuals and one entity in...
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