US Treasury Secretary Scott Bessent accused India of profiting from Russian oil purchases during the war in Ukraine. He noted that the share of Russian oil in India's imports increased from less than 1% to 42%.
The US Treasury Department has authorized all financial transactions related to the organization of the summit between President Donald Trump and Vladimir Putin in Alaska. The restrictions have been lifted until August 20 for the meeting to take place.
China wants the US to ease export controls on high-bandwidth memory (HBM) chips as part of a trade deal. This is due to restrictions affecting the development of Chinese artificial intelligence chips.
US authorities will sell the superyacht Amadea, linked to Russian senator Suleiman Kerimov, at a closed auction on September 10, 2025. The reason for the sale is the monthly maintenance costs of the vessel, which amount to almost $1 million.
The US has imposed sanctions on more than 50 individuals and vessels linked to Iran's shipping network. The network transports oil from Iran and Russia, generating billions of dollars in revenue.
Two US Republican senators have proposed the Peace Act bill to create a special fund. It will allow allies to finance the supply of American weapons to Ukraine.
The US and China will resume talks in Stockholm on August 12 to try to resolve long-standing economic disputes and extend a tariff truce. Without a deal, global supply chains could face new shocks from a sharp increase in US tariffs.
Indian company Ideal Detonators Private Limited supplied military-grade explosive octogen to Russia in December for $1. 4 million. This happened despite US warnings of possible sanctions against organizations supporting Russia's war efforts.
The Supreme Court of the United States of America overturned a ruling that froze large-scale federal layoffs, known as "state reductions. " This decision could lead to the elimination of hundreds of thousands of jobs across various ministries.
The US government is ceasing the production of pennies, as minting them cost more than their value. This decision is symbolic, but could lead to prices being rounded to the nearest nickel.
Brent and WTI oil prices fell amid Iran's reaffirmation of commitment to nuclear non-proliferation and expectations of increased OPEC+ production. The US plans to resume nuclear talks with Iran next week.
US President Donald Trump, effective July 1, lifted sanctions against Syria, as well as a number of Russian banks, institutions, and individuals, including former FIDE head Kirsan Ilyumzhinov. Among the companies from which restrictions have been lifted is "Rosoboronexport," the sole state intermediary for arms exports in Russia.
The Donald Trump administration eased sanctions against Russia, allowing related companies to transfer funds and critical components. This led to a decrease in the effectiveness of existing restrictions, allowing the import of computer chips and military equipment.
U. S. Treasury Secretary Scott Bessent has extended extraordinary measures to avoid exceeding the statutory debt limit. The Treasury will no longer be able to meet all of its obligations without congressional action to raise or suspend the debt limit by mid-to-late summer.
The United States has imposed sanctions on three Mexican financial companies: CIBanco, Intercam Banco, and Vector Casa de Bolsa, suspecting them of laundering money for cartels and financing fentanyl trafficking from China.
The Syrian Ministry of Interior has detained Wasim al-Assad, a cousin of the overthrown president Bashar al-Assad, who is considered one of the biggest drug traffickers and war criminals. He is accused of involvement in drug trafficking and support for the regime, which led to sanctions from the US and EU.
The U. S. Department of the Treasury announced a new package of sanctions against Iran, expanding previous restrictions. This step is part of the ongoing efforts of the United States.
China has become a key supplier to the Kremlin's war machine, reflected in the use of Chinese components in Shahed drones and other weapons. This enables the aggressor to intensify shelling of Ukraine, despite Western sanctions and Beijing's public statements.
The Donald Trump administration curtailed an interagency group that was meant to compel Russia to negotiate with Ukraine. Trump expressed doubts about U.S. mediation in this process.
Russia earns billions from oil exports to the West, which allows it to finance the war. Russia's revenues from fossil fuels fell by only 5% in 2024, despite sanctions.
The Trump administration has issued orders to ease sanctions on Syria to help the country rebuild after the war. The US Treasury Department has issued a license allowing transactions involving the Syrian government.
Donald Trump hosted a closed event for 220 crypto investors who bought his memecoin. This has raised concerns about potential corruption and using his position for enrichment.
Gold prices rose amid concerns about rising US debt and weak demand for 20-year bonds. A year of highs around $3450-3500 is expected.
The US President stated that his team has exceeded 80% of political appointments in key ministries. He emphasized that the administration has broken the records of previous governments.
The US Secretary of the Treasury emphasized the importance of economic partnership with Ukraine and the need for a quick completion of negotiations. He emphasized support for the sovereignty of Ukraine.
The email system of the US Office of the Comptroller of the Currency has been hacked. Attackers gained unauthorized access to confidential information.
If Congress does not raise the national debt ceiling, the US could face default as early as August or September. Lawmakers are negotiating to raise the debt limit until the last moment.
The White House has instructed the Treasury Department to explore options for easing energy sanctions against Russia. This is related to possible negotiations between Trump and Putin regarding the cessation of the war in Ukraine.
The White House has instructed agencies to prepare a list of sanctions against Russia that could be eased. In contrast, Zelensky advocates for increasing sanctions pressure and a systematic approach to restrictions.
The US Treasury Secretary said that the issue of signing an agreement with Ukraine on minerals is not currently being considered. The decision comes after Zelenskiy's early departure from the White House due to a dispute with Trump.
