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☆ Former Treasury Secretary Mnuchin says Trump's top priorities will be tax cuts, Iran sanctions and tariffs
▼ + stars: | 2024-11-07 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

Steven Mnuchin, who held the post throughout Trump's first term from 2017-21, told CNBC that he sees those items as critical to the Republican's agenda. Tax cuts are "a signature part of his program," Mnuchin said in a "Squawk Box" interview. Also on the agenda would be tariffs, which Trump implemented on multiple items during his first term and promised to do again. Finally, he indicated that nations such as Iran and Russia can expect to see sanctions again. In the case of Iran, they're now selling millions of barrels of oil, which needs to be stopped," Mnuchin said.

Persons: Donald Trump, Steven Mnuchin, Mnuchin, Trump, they're, that's Organizations: CNBC, Islamic Revolutionary Guard, Liberty Strategic Capital Locations: China, Iran, Russia

☆ More Iran sanctions and 'drill baby, drill': Oil market's future is still uncertain under Trump
▼ + stars: | 2024-11-06 | by ( Natasha Turak | ) www.cnbc.com time to read: +4 min

Luke Sharrett | Bloomberg | Getty ImagesU.S. oil producers are looking forward to less regulations on crude production under a Donald Trump presidency, meaning higher oil supply and consequently lower prices. At the same time, the increased likelihood of trade wars under Trump could dampen global economic growth and slow oil demand. "But medium-term downside risk to oil demand and thus oil prices from downside risk to global GDP from a potential escalation in trade tensions." watch nowTrump expressed his enthusiasm for increased U.S. oil production while giving a speech from the Republican campaign headquarters in Florida on Wednesday, just hours before his victory was confirmed. "The only thing that will cause drill baby drill to happen is higher oil prices based on these margins."

Persons: St, Luke Sharrett, Donald Trump, it's, Trump, Goldman Sachs, Robert F, Kennedy, Jr, Bobby, Biden, Cole Smead, Smead, Patrick Pouyanne Organizations: Chevron Corp, Bloomberg, Getty, Trump, Republican, West Texas Intermediate, Brent, Smead, Energy Information Administration, CNBC, doesn't Locations: Malo, Gulf of Mexico, Louisiana, U.S, Iran, Florida, Saudi Arabia, Russia, Abu Dhabi

☆ From gold and silver, to oil and aluminum: Where analysts see prices now the Fed has cut rates
▼ + stars: | 2024-09-20 | by ( Weizhen Tan | ) www.cnbc.com time to read: +6 min

HSBC in a Sept. 17 report examined the relationship between Fed rate cuts and copper and aluminum prices over the past 30 years. In its base case, Citi sees copper prices averaging $9,000 per ton for the rest of this year, citing U.S. election uncertainty and weak manufacturing sentiment. Energy Citi anticipates that oil will suffer renewed price weakness in 2025, with Brent falling to around $60 a barrel. Based on what happened in 2019, trade tariffs lowered global oil demand growth by 0.2 million barrels a day. A slowdown in China, among the world's largest importer and consumer of oil, has been blamed on slowing global oil demand.

Persons: annualized, it's, that's, Brent Organizations: U.S . Federal Reserve, Citi, HSBC, Commodities, Energy Citi Locations: China, U.S, Europe, Iran

☆ Watch CNBC's full interview with OPEC Secretary General Haitham al Ghais
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with OPEC Secretary General Haitham al GhaisHaitham Al Ghais, OPEC Secretary-General, speaks to CNBC's Dan Murphy the World Economic Forum in Riyadh about OPEC’s response to the war in Gaza, Iran sanctions and other major energy issues.

Persons: Haitham al, Al, CNBC's Dan Murphy Organizations: World Economic Locations: Al Ghais, Riyadh, Gaza, Iran

☆ Atlantic Council President Fed Kempe: Iran sanctions more symbolic than disruptive
▼ + stars: | 2024-04-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAtlantic Council President Fed Kempe: Iran sanctions more symbolic than disruptiveHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Fed Kempe, Brian Sullivan, “ Organizations: Email Atlantic, CNBC Locations: Iran

☆ Treasury Department plans to impose Iran sanctions correction
▼ + stars: | 2024-04-16 | by ( ) www.cnbc.com time to read: 1 min

This article has been updated to correct that Yellen's comments were from remarks ahead of the International Monetary Fund and World Bank's Spring Meetings this week.

Organizations: International Monetary Fund

☆ 'Iran is in for the long haul' with oil tanker hijacks, expert says, as U.S. considers more sanctions
▼ + stars: | 2024-04-16 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +6 min

Before this weekend's tanker seizure, the last vessel Iran hijacked was the St. Nikolas on January 1. A Planet Labs satellite image of the location of the MSC Aries and other tankers recently hijacked by Iran. Planet Labs PBCAs the U.S. considers more sanctions against Iran in response to its recent attack on Israel, Iran has been using the hijacked ships as a means of sanctions retaliation. Iran chose to do this as a way to compensate for sanctions," Madani said. In a note to clients, ClearView highlighted that the House of Representatives added several Iran sanctions bills to its calendar for consideration this week, under suspension rules, including new sanctions on Iranian oil exports to China.

Persons: Nikolas, Houthis, Samir Madani, Eyal Ofer's, Madani, Janet Yellen, Helima Croft, Andy Lipow, Brent, Lipow, Kevin Book, Book Organizations: Anadolu, Getty, MSC Aries, U.S . Naval Forces Central Command, Galaxy Leader, MSC, Planet Labs, U.S . Energy Information Agency, United Arab, JPMorgan, CNBC, Lipow Oil Associates, ClearView Energy Partners, US, UN Locations: Gulf of Oman, Hormuz, Anadolu, Iran, Israel, Gaza, U.S, Iranian, Khuran, China, Russia, Malaysia, United Arab Emirates, Oman, Strait, Tehran, East, North Africa, India, Saudi Arabia, Kuwait, Iraq, France, Germany

☆ US Targets Iran Missile, Drone Programs as UN Measures Lapse
▼ + stars: | 2023-10-18 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Russia said on Tuesday that transfers of missile technology to Iran no longer needed Security Council approval as of Wednesday, when the U.N sanctions lapse, without saying whether it now planned to support Tehran's missile development. The U.S. effort to limit Iran's missile and drone programs comes amid renewed criticism of Tehran for backing Hamas, which carried out an Oct. 7 cross-border rampage against communities in southern Israel in which at least 1,300 people died. The expiration of the U.N. sanctions falls under a "sunset" clause of the defunct 2015 Iran nuclear deal, which gave Tehran relief from American, European Union and U.N. sanctions in exchange for limiting its nuclear program. Former U.S. President Donald Trump abandoned that deal in 2018 and restored U.S. on Iran sanctions. The United States said it would level new sanctions against entities and individuals involved in Iran's missile, unmanned aerial vehicle (UAV) and conventional arms industries.

Persons: Simon Lewis, Arshad Mohammed WASHINGTON, Donald Trump, Joe Biden's, George W, Bush's, Arshad Mohammed Organizations: United, Security, European Union, Former U.S, U.S, State Department, Iranian, Security Initiative Locations: Russia, Iran, U.S, Tehran, Israel, United States, Venezuela, Moscow, Ukraine, Washington, Saint Paul, Minn

The Iranian and U.S. flags are seen printed on paper in this illustration taken January 27, 2022. Russia said on Tuesday that transfers of missile technology to Iran no longer needed Security Council approval as of Wednesday, when the U.N sanctions lapse, without saying whether it now planned to support Tehran's missile development. The U.S. effort to limit Iran's missile and drone programs comes amid renewed American criticism of Tehran for backing Hamas, which carried out an Oct. 7 rampage against communities in southern Israel in which at least 1,300 people died. Former U.S. President Donald Trump abandoned that deal in 2018 and restored U.S. on Iran sanctions. U.S. officials have said that the funds now in Qatar can be spent by Iran only on humanitarian goods.

Persons: Dado Ruvic, Donald Trump, Joe Biden's, George W, Bush's, Biden, Simon Lewis, Arshad Mohammed, Will Dunham Organizations: Iranian, REUTERS, Rights, United, Security, European Union, Former U.S, U.S, U.S . Treasury Department, State Department, Security Initiative, Republicans, Hamas, Thomson Locations: U.S, Russia, Iran, Tehran, Israel, Hong Kong, China, Venezuela, United States, Moscow, Ukraine, South Korea, Qatar, Washington, Saint Paul , Minnesota

☆ Yellen Says Nothing Off the Table for Iran Sanctions
▼ + stars: | 2023-10-11 | by ( ) www.wsj.com time to read: 1 min

MARRAKESH, Morocco—Treasury Secretary Janet Yellen said the U.S. could take steps to tighten sanctions on Iran after Hamas attacked Israel this weekend, though she didn’t commit to specific steps. The Biden administration last month freed roughly $6 billion in sanctioned Iranian oil proceeds as part of a prisoner exchange, a move criticized by Republicans in Washington. At a press conference during meetings of the World Bank and International Monetary Fund, Yellen said the money could be refrozen. "These are funds that are sitting in Qatar that were made available purely for humanitarian purposes, the funds have not been touched," she said. "I won’t take anything off the table in terms of future possible actions, but certainly I don’t want to get ahead of where we are on that."

Persons: Janet Yellen, Biden, Yellen Organizations: Morocco —, Republicans, World Bank, International Monetary Fund Locations: MARRAKESH, Morocco, U.S, Iran, Israel, Washington, Qatar

☆ AI deals give investment banks a glimmer of hope
▼ + stars: | 2023-09-26 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

About a third of all M&A deals in the first half of 2023 were technology deals, and a lot of that was related to AI, said Berlin. The success of these deals mean more M&A is likely on the horizon, said Dan Ives, a tech analyst at Wedbush. Costco members now have access to $29 online health care visitsCostco is known for its giant tubs of mac and cheese, cheap hotdogs and more-for-less warehouse deals. The retailer is offering the new service in partnership with Sesame, a direct-to-consumer health care marketplace that connects medical providers nationwide with consumers. Costco is among several retailers, including Amazon, CVS and Walgreens, who are directly providing health care to customers as the demand booms for urgent care access outside of a traditional hospital setting.

Persons: CNN —, Goldman Sachs, Goldman, ” Goldman, David Solomon, Instacart’s, ”, Mitch Berlin, “ You’re, Dan Ives, ” Ives, Taavon Naja, Ramishah Maruf, Parija Kavilanz, Sesame Organizations: CNN Business, Bell, CNN, Wall, Companies, Renaissance, Nasdaq, Cisco, Wedbush, of Foreign, Control, Costco, Costco Pharmacy’s, Amazon, CVS, Walgreens Locations: Americas, Berlin, Iran, Switzerland, United States, PFAS, New York

☆ 3M agrees to pay almost $10 million to settle apparent Iran sanctions violations
▼ + stars: | 2023-09-25 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +2 min

CNN —3M has agreed to pay almost $10 million to settle apparent violations of Iranian sanctions, the US Office of Foreign Assets Control said last week. The agency said 3M had 54 apparent violations of OFAC sanctions on Iran. One US person employed by 3M Gulf, a subsidiary in Dubai, was “closely involved” in the sale, OFAC said. OFAC notes Iranian law enforcement stands accused of human rights violations both in Iran and Syria. 3M voluntarily self-disclosed the apparent violations after discovering the sale hadn’t been authorized, according to OFAC.

Persons: Taavon Naja, OFAC, ” OFAC, “ Organizations: CNN, of Foreign, Control, 3M, Law Enforcement Forces, “ Locations: Iran, Switzerland, Dubai, Syria, United States, PFAS

☆ US, UK issue Iran sanctions ahead of anniversary of Mahsa Amini's death
▼ + stars: | 2023-09-15 | by ( ) www.reuters.com time to read: +3 min

Demonstrators at a Freedom Rally for Iran, protesting in support of Iranian women and against the death of Mahsa (Zhina) Amini, outside City Hall in Los Angeles, California, U.S., October 1, 2022. Amini, 22, died on Sept. 16 last year after being arrested for allegedly flouting the Islamic Republic's mandatory dress code. Her death sparked months of anti-government protests that marked the biggest show of opposition to Iranian authorities in years. The U.S. States and Britain, along with the European Union, have announced multiple rounds of sanctions against Iran, citing the widespread and often violent crackdown on protests after the death of Amini. The sanctions target LEF spokesperson Saeed Montazerolmehdi, multiple LEF and IRGC commanders, and Iran’s Prisons Organization chief Gholamali Mohammadi.

Persons: Bing Guan, Mahsa Amini, Antony Blinken, Saeed Montazerolmehdi, Gholamali Mohammadi, Alireza Abedinejad, Brian Nelson, Rami Ayyub, Susan Heavey, Daphne Psaledakis, Chizu Nomiyama, Marguerita Choy Organizations: Hall, REUTERS, Rights, European Union, Iran, Police, U.S . Treasury Department, Islamic Revolutionary Guard Corps, Enforcement Forces, Iran's Prisons, Iran’s Prisons Organization, Douran Software, Press, Tasnim News Agency, Terrorism, Financial Intelligence, Thomson Locations: Iran, Los Angeles , California, U.S, Britain, States, Iran’s, Canada, Australia, Fars, United States, Tehran

WASHINGTON (AP) — President Joe Biden announced new U.S. sanctions Friday on “some of Iran's more egregious human rights abusers” as he marked the anniversary of the death of 22-year-old Mahsa Amini, who died while being held by the country's morality police. Amini had been detained for allegedly wearing her hijab too loosely in violation of laws that require women in public to wear the Islamic headscarf. Her death set off protests in dozens of cities across the country of 80 million people, with young women marching in the streets and publicly exposing and cutting off their hair. Taken in coordination with the U.K., Canada, Australia, and other nations, this is the United States' 13th round of sanctions designations in response to Iran’s crackdown on protests. The U.S. has already sanctioned over 70 Iranian people and entities “responsible for supporting the regime’s oppression of its people," Biden said.

Persons: Joe Biden, ”, Amini, Biden, Antony Blinken, ” Blinken, Jon Gambrell Organizations: WASHINGTON, Treasury’s, Foreign, Iran’s Prisons Organization, paramilitary Revolutionary Guard, Press, State Department, Associated Press Locations: Islamic Republic, Iran, Fars, U.S, Canada, Australia, United States, Dubai, United Arab Emirates

☆ European Powers Choose to Maintain Iran Sanctions
▼ + stars: | 2023-09-14 | by ( Laurence Norman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran

☆ U.S. Treasury official says Iraq must act to avoid further action on banks
▼ + stars: | 2023-09-14 | by ( Timour Azhari | ) www.reuters.com time to read: +6 min

Employees walk at the headquarters of the Central Bank of Iraq in Baghdad, Iraq August 15, 2023. Despite the crackdown, the senior U.S. Treasury official, who spoke on condition of anonymity, said there were still other Iraqi banks operating with risks "that must be remediated". Iraq's central bank governor has said Iraq is committed to implementing tighter financial regulations and combating the smuggling of dollars. The central bank did not immediately respond to a request for comment on Thursday. However, there were still "vested interests comfortable with the status quo that can create friction to driving change," the Treasury official said, without identifying who these were.

Persons: Ahmed Saad, Farhad Alaadin, Alaadin, Saddam Hussein, Mohammed Shia Al, Timour Azhari, Alexander Smith Organizations: Central Bank of, REUTERS, Treasury, U.S, Reuters, Iraqi, U.S . Federal, Iraq, U.S . Treasury, Thomson Locations: Central Bank of Iraq, Baghdad, Iraq, Iran, BAGHDAD, U.S, United States, Iraqi, Iranian, Tehran, Iraq's

☆ Neogen Says Iran Sanctions Probe Concluded Without Fine
▼ + stars: | 2023-08-17 | by ( David Smagalla | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: iran

☆ Opinion | Fareed Zakaria on Where Russia’s War in Ukraine Stands — and Much More
▼ + stars: | 2023-06-02 | by ( The Ezra Klein Show | ) www.nytimes.com time to read: +96 min

Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.

Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, —, Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, ‘, U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria

☆ Ukraine's Zelenskiy introduces Iran sanctions bill
▼ + stars: | 2023-05-28 | by ( ) www.reuters.com time to read: +1 min

KYIV, May 28 (Reuters) - Ukraine's President Volodymyr Zelenskiy has put forward a bill that would see Ukraine impose sanctions on Russian ally Iran for 50 years, Zelenskiy's chief of staff Andriy Yermak said on Sunday, a response to what Kyiv says is Tehran's weapons supplies to Moscow. Kyiv and its allies say Iran has been supplying Russia with arms, including hundreds of drones, since Moscow invaded Ukraine last year. If passed by Ukraine's parliament, the bill would stop Iranian goods transitting through Ukraine and use of its airspace, as well as imposing trade, financial and technology sanctions against Iran and its citizens. Kyiv said on Sunday that Moscow had staged the largest drone strike to date on Ukraine overnight, using 54 Iran-made drones. Reporting by Max Hunder Editing by Frances KerryOur Standards: The Thomson Reuters Trust Principles.

☆ Skincare Company Murad Agrees to Settle Iran Sanctions Violations
▼ + stars: | 2023-05-18 | by ( Mengqi Sun | ) www.wsj.com time to read: 1 min

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☆ Supreme Court says Turkey-owned Halkbank not immune from prosecution for Iran sanctions violations
▼ + stars: | 2023-04-19 | by ( Dan Mangan | ) www.cnbc.com time to read: +3 min

The Supreme Court ruled Wednesday that Halkbank, which is owned by the government of Turkey, is not immune from prosecution in New York federal court for allegedly violating U.S. economic sanctions on Iran. The indictment alleges that high-ranking Turkish and Iranian government officials participated in the sanctions evasion scheme with Halkbank and its officers. However, the Supreme Court told the U.S. 2nd Circuit Court of Appeals to reconsider a request by Halkbank to toss out the prosecution based on an argument of common-law immunity. The Supreme Court previously recognized that a civil lawsuit not governed by the FSIA law may still be barred under by foreign sovereign immunity under so-called common law. The U.S. government has argued that the bar would not apply to criminal prosecution of a commercial entity such as Halkbank.

☆ China, Iran call for Iran sanctions to be lifted; Xi to visit
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +3 min

[1/5] Iranian President Ebrahim Raisi stands next to Chinese President Xi Jinping during a welcoming ceremony in Beijing, China, February 14, 2023. Xi also accepted an invitation from Raisi to visit Iran and would do so at his convenience, the two leaders said in a joint statement on the last day of a three-day state visit to China by Raisi. In 2018, then U.S. President Donald Trump withdrew the United States from the deal and ordered the reimposition of U.S. sanctions on Iran. "All relevant sanctions should be fully lifted in a verifiable manner to promote the full and effective implementation," Xi and Raisi said. China and Iran emphasised that lifting sanctions and ensuring Iran economic benefits were important components of the agreement, they said.

☆ EU foreign policy chief hopes bloc agrees next tranche of military aid to Ukraine
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +1 min

BRUSSELS, Jan 23 (Reuters) - The European Union's foreign policy chief Josep Borrell said he hopes member states will approve another 500 million euro ($545.00 million) tranche in military aid for Ukraine during a foreign ministers' meeting on Monday. The ministers will also discuss using Russian assets frozen in Europe under sanctions - including 300 billion euros ($327 bln) worth of the Russian central bank reserves - and using the money to help rebuild Ukraine from the war. The foreign ministers are due to add more individuals to its Iran sanctions list over human rights abuses. Borrell said, however, that the bloc could not list Iran's Revolutionary Guards as a terrorist entity until an EU court has determined that they are. ($1 = 0.9174 euros)Writting by Tassilo Hummel, Gbariela Baczynska, Ingrid Melander, Bart Meijer, Philip BlenkinsopOur Standards: The Thomson Reuters Trust Principles.

WASHINGTON/PARIS, Dec 19 (Reuters) - For nearly two years the United States has tried and failed to negotiate a revival of the 2015 Iran nuclear deal yet Washington and its European allies refuse to close the door to diplomacy. Under the 2015 Joint Comprehensive Plan of Action under which Tehran reined in its nuclear program in return for relief from economic sanctions. A U.S. intelligence estimate disclosed in late 2007 assessed with high confidence that Iran was working to develop nuclear weapons until the fall of 2003, when it halted the weapons work. "We will continue with the pressure while keeping the door open for a return to diplomacy," U.S. special envoy for Iran Robert Malley told reporters in Paris last month, adding that if Iran crossed "a new threshold in its nuclear program, obviously the response will be different." Even if the 2015 nuclear deal cannot be resurrected, the senior Biden administration official said other diplomatic solutions might be possible.

☆ EU to discuss Russia, Iran sanctions, top up of Ukraine arms fund
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +2 min

BRUSSELS, Dec 12 (Reuters) - European Union foreign ministers will meet on Monday to try to agree on further sanctions on Russia and Iran and an additional 2 billion euros ($2.11 billion) for arms deliveries to Ukraine. However, it remained unclear whether Hungary will block some decisions, resorting to what diplomats have denounced as "blackmail diplomacy" due to a dispute over locked EU funds for Budapest. Foreign ministers will discuss a ninth package of Russia sanctions that is set to place almost 200 more individuals and entities on the EU sanctions list. They are also due to review new sanctions on Iranian people and organisations over human rights abuses in Tehran's crackdown on protesters and the supply of drones to Russia. Before their meeting, ministers will talk with the counterparts from the Eastern Partnership - Armenia, Azerbaijan, Georgia, Moldova and Ukraine - nations the EU has sought to stabilise in the face of Russia's war in Ukraine.

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