Washington — A Bangkok-based plastics company has agreed to pay $20 million to settle with the US over 467 “egregious” violations of Iran sanctions, the Treasury Department stated on Friday.

SCG Plastics Co. utilized US banks to handle $291 million in Iranian high-density polyethylene resin sales from 2017 to 2018, according to a settlement agreement executed by the company and the Treasury’s Office of Foreign Assets Control.

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Thai Plastics Firm Will Pay $20 Million To Settle With U.S. Over Iran Sanctions Violations

The resin, which is used in product bottles and industrial products, was produced by an Iranian joint venture controlled in part by SCG Plastics’ parent business, SCG Chemicals, and the National Petrochemical business of Iran, a government body.

According to the settlement, SCG Plastics engaged in “shipping and documentation practices that obfuscated the product’s Iranian origin and Iranian parties’ involvement,” causing banks to unknowingly process transfers in violation of OFAC’s Iran sanctions.

“As a result of these transactions, significant economic benefits were conferred to Iran’s petrochemical sector, a major source of revenue generation for the Iranian regime,” the U.S. Treasury states. OFAC found that the 467 violations of Iran sanctions were “egregious” and penalized the corporation $20 million, which must be paid within 90 days.

While SCG Plastics is no longer in business, a documented agreement between OFAC and the company releases SGC Plastics from any obligation for sanctions violations.

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Thai Plastics Firm Will Pay $20 Million To Settle With U.S. Over Iran Sanctions Violations

The fines come as US officials reveal intentions to impose additional sanctions on Iran following Tehran’s extraordinary attack on Israel, which could spark a wider Middle East conflict.

On Thursday, the United States and the United Kingdom placed fresh restrictions on Iranian individuals and organizations involved in drone production.

“We will continue to use our sanctions authority to counter Iran with additional actions in the coming days and weeks,” Treasury Secretary Janet Yellen stated.

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Thai Plastics Firm Will Pay $20 Million To Settle With U.S. Over Iran Sanctions Violations

“We have also rigorously executed our sanctions, including imposing record fines and identifying sanction evasion schemes and networks. Our initiatives make it more difficult and costly for Iran to continue its destabilizing activities.”

SOURCE – AP

Kiev, Ukraine — Ukraine’s air force claimed on Friday that it shot down a Russian strategic bomber, but Moscow officials said the plane landed in a sparsely populated area due to a malfunction following a combat mission.

Neither of the claims could be independently verified. Previous Ukrainian claims of shooting down Russian jets throughout the more than two-year conflict were met with silence or denials from Moscow.

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Ukraine Claims It Shot Down A Russian Strategic Bomber As Moscow’s Missiles Kill 8 Ukrainians

Meanwhile, Russian missiles attacked cities in Ukraine’s central Dnipro area, killing eight people, including a 14-year-old girl and an eight-year-old boy, and wounded 28, according to local officials.

Ukraine President Volodymyr Zelenskyy reiterated Kyiv authorities’ almost daily calls for more Western air defense systems, citing a similarity to how Israel countered a recent Iranian attack.

Missile and drone assaults can be prevented, he said on social media site X: “This has been demonstrated in the skies over the Middle East, and it should also work in Europe.”

Foreign Minister Dmytro Kuleba stated, “Children must not be killed in airstrikes in modern Europe.”

Russia’s air force is far more powerful than Ukraine’s, but sophisticated missile systems supplied by Kyiv’s Western allies pose a significant threat to Russian aviation as the Kremlin’s forces slowly advance along the approximately 1,000-kilometer (620-mile) front line in what has become a grinding war of attrition. Ukrainian officials say they expect a strong Russian onslaught this summer.

Ukraine says the air force and military intelligence worked together to shoot down the Tu-22M3 bomber using anti-aircraft missiles. Russia frequently utilizes the bomber to launch Kh-22 cruise missiles at Ukrainian targets from within its own airspace. The plane can also transport nuclear warheads.

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Ukraine Claims It Shot Down A Russian Strategic Bomber As Moscow’s Missiles Kill 8 Ukrainians

The Russian military ministry reported that the warplane crashed “in a deserted area” in the southern province of Stavropol, hundreds of kilometers (miles) from the Ukrainian border.

According to the ministry, three crew members were rescued after ejecting from the aircraft, while a fourth is still missing. However, Stavropol Governor Vladimir Vladimirov reported one of the rescued pilots died.

On Christmas Eve, Ukraine reported that it had shot down two Russian fighter jets. In January, the Ukrainian air force claimed to have shot down a Russian early warning and control plane as well as a crucial command center aircraft that feeds intelligence to ground troops, appearing to deal a serious blow to the Kremlin’s forces. The following month, Ukraine claimed it had shot down another early warning and control plane.

In January, Moscow accused Kyiv of shooting down a Russian military transport plane carrying Ukrainian POWs bound for a prisoner swap.

Russian forces launched a joint aerial attack overnight, using 22 different types of missiles and 14 Shahed drones, according to the Ukrainian air force. It stated that all of the drones and 15 missiles had been intercepted.

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Ukraine Claims It Shot Down A Russian Strategic Bomber As Moscow’s Missiles Kill 8 Ukrainians

Ukraine’s National Railway Operator reported that the attack targeted both metropolitan areas and train infrastructure in the Dnipro region. Employee Oksana Storozhenko, mother of two teenage sons, was among those slain in the strikes, according to reports.

SOURCE – (AP)

WASHINGTON – With rare bipartisan support, the House advanced Friday on a $95 billion foreign aid plan for Ukraine, Israel, Taiwan, and humanitarian aid, as a coalition of members helped it cross a procedural hurdle and reach final votes this weekend. Friday’s vote delivered an unusual outcome in the generally hyper-partisan House, with Democrats voting 316-94 in support of Republican Speaker Mike Johnson’s plan. The final House approval might come this weekend, when the package is delivered to the Senate.

It was a success for Speaker Mike Johnson’s strategy, which he put into action last week after agonizing over the legislation for two months. Nonetheless, Johnson has spent the past 24 hours making the rounds on conservative media, attempting to salvage support for wartime funding, particularly for Ukraine as it faces a critical moment in its battle with Russia, but also for his own job, as the restive right flank threatens to oust him over the effort.

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Ukraine, Israel Aid Back On Track As House Pushes Toward Weekend Votes

“There’s a lot of misinformation about what we’re doing here and why,” Johnson said to The Mark Levin Show’s conservative host.

“Ukrainians urgently require lethal aid right now. “We cannot allow Vladimir Putin to roll through another country and take it,” he stated of the Russian president’s invasion of Ukraine. “These are very serious matters with global implications.”

After months of delay, the House moved slowly but methodically this week after Johnson decided to move forward. President Joe Biden quickly endorsed the speaker’s plan, and Donald Trump, the Republican assumed presidential nominee who opposes most foreign aid to Ukraine, has not slowed the speaker’s progress.

“The world is watching what Congress does,” the White House stated. “Passing this legislation would send a powerful message about the strength of American leadership at a pivotal moment.”

In an extremely rare move, members of the House Rules Committee banded together late Thursday in a near-midnight vote, with four Democrats supporting a procedural step, to push the package past the Republican majority’s three hardline holdouts and send it to the House floor for debate, 9-3. It was a moment unlike any other in recent House history.

Johnson will need to rely on Democrats again on Friday to pass the next procedural vote and block Republican amendments that might kill the plan. One proposed by extreme Rep. Marjorie Taylor Greene would cut Ukraine’s funding to zero.

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Ukraine, Israel Aid Back On Track As House Pushes Toward Weekend Votes

Greene has filed a “motion to vacate” the speaker from office, which has at least one Republican co-sponsor, Rep. Thomas Massie of Kentucky. It may initiate a bid to oust Johnson from the speaker’s office if she calls it up for a vote, similar to how Republicans removed Kevin McCarthy from the job last November.

With one of the most slender House majorities in modern history, Johnson can only afford to lose one or two Republican votes to pass any legislation. That dynamic has pushed him into the arms of Democrats as he seeks votes to enact the legislation.

Johnson cannot tailor the plan as the ultra-conservatives seek without risking losing Democratic support. It has prompted him to abandon severe security measures to control migrants at the US-Mexico border, among other goals.

At best, Johnson has been able to divide a Senate-passed version of the bill into different portions, as House Republicans prefer, and the final votes will be on various measures — for Ukraine, Israel, and Indo-Pacific partners.

The plan would also include a fourth clause, which incorporates several Republican demands that Democrats support or are ready to accept. Proposals include allowing the United States to seize frozen Russian central bank assets to rebuild Ukraine, imposing sanctions on Iran, Russia, China, and fentanyl trafficking criminal organizations, and potentially banning the video app TikTok if its Chinese owner does not sell its stake within a year.

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Ukraine, Israel Aid Back On Track As House Pushes Toward Weekend Votes

Passing each package, which is set to be voted on Saturday, would require Johnson to establish intricate bipartisan coalitions, with Democrats assuring Ukraine funding is authorized but some left-leaning progressives refusing to support military aid for Israel due to the destruction of Gaza.

The components would then be automatically stitched back together into a single package and delivered to the Senate, where hardliners are plotting procedural measures to postpone final passage.

SOURCE – (AP)