International sanctions

Montenegro has extended the sanctions it introduced against Russia until March 15, 2017, the Council of the EU has announced.

A statement posted on this institution's website said that five countries have joined EU's measures.

PHOTO: TANJUG/ MINISTARSTVO SPOLJNIH POSLOVA REPUBLIKE SRBIJE/ OGNJEN STEVANOVIC

BELGRADE - Serbia's top diplomat complained that the European Union is putting "unacceptable" pressure on the Balkan country to impose sanctions against Russia.

Defense lawyers asked a U.S. federal judge on Oct. 5 to throw out a case against an Iranian-Turkish tycoon accused of defying sanctions on Tehran.

BELGRADE - US Vice-President Joe Biden says Europe could walk away from sanctions against Russia, unless Ukraine makes progress with economic and political reforms. At least five countries want to drop the sanctions, he warned.

BELGRADE - The economic losses sustained by Croatia as a result of the introduction of sanctions against Russia are estimated at about 300 million euros ($334 million at the current exchange rates), Russian Ambassador to Croatia Anvar Azimov said.

Turkish energy company Turcas Petrol is looking at entering the Iranian energy market through investments in oil, gas or renewables following the lifting of most sanctions against the Islamic Republic, its chief executive said on May 3.

"We believe we definitely must be in Iran," Batu Aksoy told reporters. 

Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami a month ago over attempting to evade U.S. sanctions on Iran, will appear in a New York court on April 27 following a four-leg transference journey from Miami. 

Zarrab will appear in Manhattan Federal Court at 10 a.m. before J. Richard Berman.

An indictment for Reza Zarrab, an Iranian-born Turkish businessman who was arrested in Miami a month ago over attempting to evade U.S. sanctions on Iran, has expanded from New York to include "Turkey, the United Arab Emirates and elsewhere" as places where the crime may have been committed. 

It was breaking news after Reza Zarrab was arrested in the United States and the indictment about him was immediately unsealed. 

Let's look at what happened piece by piece: 

Companies based in Turkey, as well as others in Iran and elsewhere, have been used in Money laundering operations by Reza Zerrab and other suspects, according to an indictment prepared by Manhattan U.S. Attorney Preet Bharara.