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Treasury delays ban on trading in firms linked to China s military

Treasury delays ban on trading in firms linked to China s military Tal Axelrod © Getty Images Treasury delays ban on trading in firms linked to China s military The Biden administration Tuesday said it is delaying for two weeks a ban on buying or selling securities in companies that have ties to the Chinese military. The Treasury Department said in a notice that investors will have until June 11 to complete their transactions, pushing back a May 27 deadline. The decision comes as the White House mulls various aspects of its China policies, including which of the Trump administration s it wants to hold over. Among other things the previous White House put forth was a ban on investing in companies that the Treasury Department deemed to have affiliations with China s armed forces.

Treasury announces sanctions on Saudi officials following Khashoggi report

Treasury announces sanctions on Saudi officials following Khashoggi report Tal Axelrod © Getty Images Treasury announces sanctions on Saudi officials following Khashoggi report The Treasury Department on Friday rolled out new sanctions against Saudi officials after a government report was released detailing their involvement in the killing of U.S.-based journalist Jamal Khashoggi. The sanctions target Ahmad Hassan Mohammed al Asiri, Saudi Arabia s former deputy head of the General Intelligence Presidency and Saudi Arabia s Rapid Intervention Force (RIF) over their roles in Khashoggi s killing in Istanbul in 2018. The Treasury Department said al Asiri was the ringleader of the assassination and coordinated the killing with Riyadh, and several members of the hit squad that murdered Khashoggi were members of the RIF.

Treasury imposes additional sanctions on Cuba over allegations of serious human rights abuse

The Treasury Department on Friday announced sanctions on Cuba's Ministry of Interior and its director due to allegations of "serious human rights abuse," the latest in a string of hard-line actions aimed at the Caribbean nation in the final days of the Trump administration. The Treasury's Office of Foreign Assets Control (OFAC) announced in a press release that it was sanctioning Cuba's interior ministry, along with its minister, Lazaro.

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