US blacklists 271 Syrian chemists, other experts over sarin attack

April 25, 2017

Washington, Apr 25: The US government put 271 Syrian chemists and other officials on its financial blacklist Monday, punishing them for their presumed role in the deadly chemical weapons attack on a rebel-held town in early April.

blacklistsIn one of its largest-ever sanctions announcements, the Treasury Department took aim at the Syrian Scientific Studies and Research Center (SSRC), which it said was responsible for developing the alleged sarin gas weapon used in the April 4 attack.

The attack left 87 dead, including many children, in the town of Khan Sheikhun, provoking outrage in the West, which accused Syrian President Bashar al-Assad of being responsible.

The sanctions will freeze all assets in the United States belonging to the 271 individuals on the blacklist, and block any American person or business from dealing with them.

According to the Nuclear Threat Initiative, a Washington-based think tank, the SSRC is Syria's leading scientific reasearch center, with close links to the country's military.

The center was the subject of two earlier sanctions declarations, in 2005 and 2007, due to its alleged role in developing weapons of mass destruction.

The Treasury asserted in a statement Monday that the SSRC is behind the Syrian government's efforts to develop chemical weapons and the means to deliver them.

The 271 either have scientific expertise for the program or have been involved in it since 2012, the statement said.

"These sweeping sanctions target the scientific support center for Syrian dictator Bashar al-Assad's horrific chemical weapons attack on innocent civilian men, women and children," Treasury Secretary Steven Mnuchin said.

"These sanctions are intended to hold the Assad regime and those who support it -- directly or indirectly -- accountable for the regime's blatant violations of the Chemical Weapons Convention and UN Security Council Resolution 2118," he said.

Assad has said the attack was a "fabrication" by the West.

But the US military quickly responded on April 7, firing 59 Tomahawk cruise missiles at a Syrian airfield to punish the government and send a warning against any further chemical weapons attacks.

An effort at the United Nations to add pressure on Damascus failed, however, when Assad's close ally Russia vetoed a Security Council resolution on April 12 demanding the Syrian government cooperate with an investigation of the attack.

British Foreign Secretary Boris Johnson welcomed the US sanctions, saying they send a warning to those who would use chemical weapons.

"The abhorrent attack on Khan Sheikhun is a stark reminder that the international community must work together to deter the future use of chemical weapons in any circumstances," he said in a statement.

"We will continue our efforts to hold accountable those responsible for chemical attacks, including through the UN and EU, and to energize international support for the UN-led political process," he said.

"Only a political settlement will bring an end to the war in Syria."

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News Network
April 13,2020

Vienna, Apr 13: Top oil-producing countries agreed on "historic" output cuts to prop up prices hammered by the coronavirus crisis and a Russia-Saudi price war, sending crude prices soaring on Monday.

The US benchmark WTI climbed 7.7 percent to $24.52 a barrel in early Asian trade while Brent was up 5.0 percent at $33.08.

OPEC producers dominated by Saudi Arabia and allies led by Russia thrashed out a compromise deal via videoconference Sunday after Mexico had balked at an earlier agreement struck on Friday.

In the compromise reached Sunday they agreed to a cut of 9.7 million barrels per day from May, according to Mexican Energy Minister Rocio Nahle, down slightly from 10 million barrels a day envisioned earlier.

OPEC Secretary General Mohammad Barkindo called the cuts "historic".

"They are largest in volume and the longest in duration, as they are planned to last for two years," he said.

The agreement between the Vienna-based Organization of the Petroleum Exporting Countries and partners foresees deep output cuts in May and June followed by a gradual reduction in cuts until April 2022.

Barkindo added that the deal "paved the way for a global alliance with the participation of the G20".

Saudi Energy Minister Prince Abdulaziz bin Salman, who chaired the meeting together with his Russian and Algerian counterparts, also confirmed that the discussions "ended with consensus".

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News Network
March 6,2020

Mar 6: UK stocks fell again on Friday as growing economic risks from the coronavirus outbreak shattered investor confidence, with Britain recording its first death from the pathogen.

A 1.5% fall for the FTSE 100 erased the blue-chip index's gains from earlier this week. Export-heavy companies have now lost over $230 billion in value since the epidemic sparked a worldwide rout last week.

The domestically focussed mid-cap index was down 1.9%.

Cruise operator Carnival dropped 4.2% to its lowest level since 2012, a day after its Grand Princess ocean liner was barred from returning to its home port of San Francisco on virus fears.

Britain said an older person with underlying health problems had succumbed to the flu-like virus on Thursday, while the number of infections jumped to 115.

In company news, drug maker AstraZeneca fell 1% after it said its treatment for a form of bladder cancer failed to meet the main goal of improving overall survival in patients in a late-stage study.

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News Network
February 19,2020

Washington, Feb 19: US President Donald Trump has said he is "saving the big deal" with India for later and he "does not know" if it will be done before the presidential election in November, clearly indicating that a major bilateral trade deal during his visit to Delhi next week might not be on the cards.

"We can have a trade deal with India. But I'm really saving the big deal for later," he told reporters at Joint Base Andrews Tuesday afternoon (local time).

The US and India could sign a "trade package" during the visit, according to media reports.

Asked whether he expects a trade deal with India before the visit, Trump said, "We're doing a very big trade deal with India. We'll have it. I don't know if it'll be done before the election, but we'll have a very big deal with India."

US Trade Representative Robert Lighthizer, the point-person for trade negotiations with India, is likely to not accompany Trump to India, sources said. However, officials have not ruled it out altogether.

In an apparent dissatisfaction over US-India trade ties, Trump said, "We're not treated very well by India." But he praised Prime Minister Narendra Modi and said he is looking forward to his visit to India.

"I happen to like Prime Minister Modi a lot," Trump said.

"He told me we'll have seven million people between the airport and the event. And the stadium, I understand, is sort of semi under construction, but it's going to be the largest stadium in the world. So it's going to be very exciting... I hope you all enjoy it," he told reporters.

Meanwhile, the US-India Strategic and Partnership Forum (USISPF) in a report said the latest quarterly data depict continuation of overall positive bilateral trade trends. The third quarter data reflects some downslide in growth rates.

"It may be due to several reasons, including the unexpected economic slowdown in India's economic growth, impact of US-China trade war, GSP withdrawal from the US side and retaliatory tariffs on specific US goods from the Indian side," USISPF said.

According to the report, the data available for the first three quarters of 2019 (January-September) pulled the overall growth rate in cumulative bilateral trade down to 4.5 percent from 8.4 percent registered for the first two quarters.

Goods and services trade performance in third quarter was dismal at -2.3 percent, in contrast with the impressive 9.6 percent growth witnessed for the first two quarters of the year; while trade in services was up two percent goods trade dropped five percent, the report said.

The cumulative US-India trade in goods and services (USD 110.9 billion) for the first three quarters of 2019 increased 4.5 percent with US exports and imports growing at four percent and five percent respectively.

The US exported USD 45.3 billion worth of goods and services to India in the first three quarters 2019, up 4 percent from the corresponding period in the previous year; and the US imported USD 65.6 billion worth of goods and services from India, up five percent from the previous year's USD 62.5 billion level for the same period, it said.

The USISPF has projected that the total bilateral trade can touch USD 238 billion by 2025 if the current 7.5 percent average annual rate of growth sustains; however, higher growth rates can result in bilateral trade in the range of USD 283 billion and USD 327 billion.

The US remains the top trading partner for India in terms of trade in goods and services, followed by China. While the bilateral trade between US and India is approximately 62 percent in goods and 38 percent in services, the bilateral trade between India and China is dominated by goods.

China had a huge trade surplus of USD 58 billion with India, indicating Beijing's strength in the Indian market, especially in sectors, such as electronics, machinery, organic chemicals, plastics and medical devices.

The US goods exports to India, in comparison, were mainly concentrated in mineral fuels, precious stones, and aircraft. The US faces tough competition with China in the Indian market in areas such as electronics, machinery, organic chemicals and medical devices.

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