News / Middle East

US Blacklists Firms for Evading Iran Oil Sale Sanctions

Reuters
The United States has blacklisted two companies it says helped Iran evade sanctions on oil sales and slapped penalties on four Tehran-based firms it says helped the Islamic Republic enrich uranium, the latest efforts to pressure Iran's nuclear program.
 
“As long as Iran tries to evade our sanctions, we will continue to expose their deceptive maneuvers,'' David Cohen, the undersecretary for terrorism and financial intelligence at the Treasury Department said in a news release.
 
The Treasury Department said on Thursday it blacklisted Sambouk Shipping FZC, a United Arab Emirates based company it says is tied to Dimitris Cambis, a Greek businessman the department recently sanctioned.
 
The Treasury imposed sanctions on Cambis in March, saying he secretly operated a shipping network on behalf of Tehran to evade sanctions on Iran's oil sales.
 
On Thursday the department said Cambis used the recently formed Sambouk Shipping to manage eight vessels he operates on behalf of the National Iranian Tanker Company. The ships have been used to execute ship-to-ship transfers of Iranian oil in the Persian Gulf intended to obscure the origin of the oil, it said.
 
Under the sanctions, U.S. citizens are prohibited from doing business with Cambis and the shipping companies and any assets they have under U.S. jurisdiction may be frozen.
 
Cambis has previously denied trading for Iran or the involvement of his tankers in loading Iranian oil. He could not be immediately reached on Thursday.
 
Sanctions introduced by the West last year aim to choke funding of Iran's nuclear program by targeting its oil exports. The sanctions halved Iran's oil exports last year, by more than 1 million barrels per day.
 
The United States and the European Union say Iran is developing the ability to make nuclear weapons. Tehran denies the charge, saying its nuclear program is strictly for power generation and medical purposes.
 
The Treasury Department also imposed sanctions on the Iranian Venezuelan Bi-National Bank, saying it provided financial services to a branch of Iran's military and helped obscure oil deals. The department said the institution was originally established as a joint venture between Iran and Venezuela, but there is no evidence that Venezuela is still tied to the Tehran-based bank.
 
In addition, the U.S. State Department sanctioned four Tehran-based companies and one Iranian citizen it says helped procure equipment for the nuclear program. The companies are called Aluminat, Pars Amayesh Sanaat Kish and Pishro Systems Research Company.
 
Parviz Khaki, the individual cited, has procured goods for Iran's nuclear program that can be used to build, operate and maintain gas centrifuges to enrich uranium, the State Department said.
 
“We urge financial institutions to act in a manner that preserves their access to the U.S. financial system by cutting financial ties to these companies and individual,'' said Patrick Ventrell, acting deputy spokesman at the State Department.
 
The Tehran-based companies and Khaki could not immediately be reached for comment.
 
U.S. lawmakers aim to broaden sanctions ahead of elections in Iran next month. A bipartisan group of senators introduced legislation on Wednesday that would block Iran's access to its foreign currency reserves held around the world, estimated to be worth $60 billion to $100 billion.
 
Critics of the tightening of Western sanctions say the penalties will not slow the nuclear program, as the damage they wreak to Iran's economy pushes its leaders to continue funding the program in defiance of the West.

You May Like

Video On the Scene: In Gaza, Darkness Brings Dread and Death

Palestinians fear nighttime raids, many feel abandoned by outside world, VOA's Scott Bobb reports More

African Small Farmers Could Be Key to Ending Food Insecurity

Experts say providing access to microloans, crop insurance, better storage facilities, irrigation, road systems and market information could enable greater production More

University of Michigan Wins Solar Car Race

Squad guided its student-designed solar-powered vehicle to fifth consecutive time victory in eight-day bi-annual American Solar Challenge More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Vietnamese Staging Chinese Product Boycott After Oil Rig Spati
X
Reasey Poch
July 28, 2014 7:18 PM
China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video Vietnamese Staging Chinese Product Boycott After Oil Rig Spat

China recently pulled an oil rig from an area of the disputed South China Sea that Vietnam also claims. Despite the action, the incident has had a lingering effect on consumers in Vietnam. VOA's Reasey Poch reports from Hanoi on an effort to boycott Chinese products.
Video

Video ESA Spacecraft to Land on a Comet

After a long flight through deep space, a European Space Agency probe is finally approaching its target -- a comet millions of kilometers away from earth. Scientists say the mission may lead to some startling discoveries about the origins of the water on earth. VOA’s George Putic has more.
Video

Video Young Africans Arrive in US for Leadership Program

President Barack Obama's Young African Leadership Initiative has brought hundreds of young Africans to the United States for a six-week program aimed at building their knowledge and skills in fields such as public administration and business. Out of the 50,000 young Africans who applied for the program, just one percent was accepted. VOA's Laurel Bowman caught up with some of those who made the cut and has this report.
Video

Video In Honduras, Amnesty Rumors Fuel US Migration Surges

False rumors in Central America are fueling the current surge of undocumented young people being apprehended at the U.S. border. The inaccurate claims suggest the U.S. will give amnesty to young migrants from the region. As VOA's Brian Padden reports from Honduras, these rumors trace back to President Obama's 2012 executive order to halt deportations for some young undocumented immigrants already living in the United States.
Video

Video Students in Business for Themselves

They're only high school students, but they are making accessories for shoes, fabricating backpacks and doing product photography - all through their own businesses. It's the result of a partnership between a non-profit organization that teaches entrepreneurship and their schools. VOA's Mike O'Sullivan and Deyane Moses met the budding entrepreneurs near Los Angeles.
Video

Video Astronauts Train in Underwater Lab

In the world’s only underwater laboratory, four U.S. astronauts train for a planned visit to an asteroid. The lab - called Aquarius- is located five kilometers off Key Largo, in southern Florida. Living in close quarters and making excursions only into the surrounding ocean, they try to simulate the daily routine of a crew that will someday travel to collect samples of a rock orbiting far away from earth. VOA’s George Putic has more.

AppleAndroid