Connect with us

World

US issues warrant to seize Iranian tanker off Gibraltar

Published

on

The United States has issued a warrant to seize an Iranian oil tanker caught in the standoff between Tehran and the Westin a last ditch effort to prevent the vessel from leaving Gibraltar.

The Grace 1 was seized by British Royal Marines at the western mouth of the Mediterranean on July 4 on suspicion of violating European Union sanctions by taking oil to Syria.

Gibraltar lifted the detention order on Thursday after the British territory’s chief minister said he had secured written assurances from Tehran that the cargo would not go to Syria.

But with the vessel and its 2.1 million barrels of oil free to leave, the United States launched a separate legal appeal to impound the ship on the grounds that it had links to Iran’s Islamic Revolutionary Guard Corps (IRGC), which it designates as a terrorist organization.

A federal court in Washington issued a warrant to seize the tanker, the oil it carries and nearly $1 million.

“A network of front companies allegedly laundered millions of dollars in support of such shipments,” the U.S. attorney for the District of Columbia, Jessie Liu, said in a news release.

“The scheme involves multiple parties affiliated with the IRGC and furthered by the deceptive voyages of the Grace 1.”

The U.S. State Department did not immediately respond to a request for comment on how the warrant, which was addressed to “the United States Marshal’s Service and/or any other duly authorized law enforcement officer,” may be enforced.

The Pentagon declined to comment, as did Britain’s Foreign Office.

Asked on Friday about the U.S. intervention, Gibraltar’s chief minister, Fabian Picardo, said that would be subject to the jurisdiction of Gibraltar’s Supreme Court. “It could go back to the court absolutely.”

The Gibraltar Chronicle newspaper reported that the vessel was unlikely to sail before Sunday, citing an unnamed source who added that it was waiting for six new crew members including a captain to arrive.

The Grace 1 had its name erased and it was no longer flying a Panama flag.

Iranian state television had quoted Jalil Eslami, deputy head of the country’s Ports and Maritime Organisation, as saying the tanker would depart for the Mediterranean after being reflagged under the Iranian flag and renamed Adrian Darya.

Source link

World

Senators urge U.S. to remove tariffs on EU foods, beverages

Published

on

Bottles of French wine are displayed for sale in a liquor store on December 3, 2019 in Arlington, Virginia.

Olivier Douliery | AFP | Getty Images

A bipartisan group of 13 U.S. senators have asked the U.S. Trade Representative’s Office (USTR) to remove 25% tariffs imposed in October 2019 on European Union food, wine and spirits, according to a letter seen by Reuters.

The tariffs, in retaliation for EU subsidies on large aircraft, hit French wine, Italian cheese and single-malt Scotch whisky, as well as cookies, salami, yogurt, olives from France, EU-produced pork sausage and German coffee.

Seven Republican and six Democratic senators, including Robert Menendez, John Barrasso, Cory Gardner, Susan Collins, Dianne Feinstein, Pat Toomey, Kyrsten Sinema and Cory Booker said in a letter to USTR Friday that American “restaurants, retailers, grocers, importers and distributors” are experiencing “severe economic hardship due to the increased cost of goods.”

The senators noted “demand for these goods has declined, leaving importers and distributors with months’ worth of product, much of it perishable, in storage and in transit with no clear end date for the COVID-19 pandemic.”

USTR did not immediately comment.

Last month, Europe’s Airbus said it would increase loan repayments to France and Spain in a “final” bid to reverse U.S. tariffs and jog the United States into settling a 16-year-old dispute over billions of dollars of aircraft subsidies.

The United States last year won World Trade Organization authorization to impose tariffs on up to $7.5 billion of EU goods.

The U.S. Distilled Spirits Council last month urged ending EU and U.S. beverage tariffs, saying drinks firms on both sides of the Atlantic “have suffered enough.”

The group noted Scotch Whisky imports by the United States fell nearly 33% between October 2019 and May 2020, a $378 million decline over the same period a year earlier.

The EU in a separate dispute imposed 25% tariffs  on all U.S. whiskey imports in June 2018. Since then, U.S. whiskey exports to the EU have fallen by 33%, or $300 million, the group said.

Trade groups are bracing for an escalation this autumn when the EU is expected to win WTO approval to retaliate with its own tariffs over subsidies for U.S. planemaker Boeing Co.

USTR announced in June it was considering imposing additional tariffs on products from many EU countries including gin, vodka, beer, sparkling wine and other whiskies.

Source link

Continue Reading

World

After coronavirus, some CEOs plan to prioritize sustainability

Published

on

After coronavirus, some CEOs plan to prioritize sustainability