News / Middle East

US Blacklists Firms for Evading Iran Oil Sale Sanctions

TEXT SIZE - +
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

Wikipedia Proves Useful for Tracking Flu

Technique gave better results than Center for Disease Control (CDC) and Google’s Flu Trends More

Turkish Law Gives Spy Agency Controversial Powers

Parliament approves legislation to bolster powers of intelligence service, which government claims is necessary to modernize and deal with new threats Turkey faces More

Video Face of American Farmer Changing

Average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population More

Featured Videos

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face of American Farmer is Changingi
X
Mike Osborne
April 18, 2014
The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Face of American Farmer is Changing

The average American farmer is now 58 years old, and farmers 65 and older are the fastest growing segment of the population. It’s a troubling trend signaling big changes ahead for American agriculture as aging farmers retire. Reporter Mike Osborne says a new report from the U.S. Census Bureau is suggesting what some of those changes might look like... and why they might not be so troubling.
Video

Video Donetsk Governor: Ukraine Military Assault 'Delicate But Necessary'

Around a dozen state buildings in eastern Ukraine remain in the hands of pro-Russian protesters who are demanding a referendum on self-rule. The governor of the whole Donetsk region is among those forced out by the protesters. He spoke to VOA's Henry Ridgwell from his temporary new office in Donetsk city.
Video

Video Drones May Soon Send Data From High Seas

Drones are usually associated with unmanned flying vehicles, but autonomous watercraft are also becoming useful tools for jobs ranging from scientific exploration to law enforcement to searching for a missing airliner in the Indian Ocean. VOA’s George Putic reports on sea-faring drones.
Video

Video New Earth-Size Planet Found

Not too big, not too small. Not too hot, not too cold. A newly discovered planet looks just right for life as we know it, according to an international group of astronomers. VOA’s Steve Baragona has more.
Video

Video Copts in Diaspora Worry About Future in Egypt

Around 10 percent of Egypt’s population belong to the Coptic faith, making them the largest Christian minority in the Middle East. But they have become targets of violence since the revolution three years ago. With elections scheduled for May and the struggle between the Egyptian military and Islamists continuing, many Copts abroad are deeply worried about the future of their ancient church. VOA religion correspondent Jerome Socolovsky visited a Coptic church outside Washington DC.
Video

Video Critics Say Venezuelan Protests Test Limits of Military's Support

During the two months of deadly anti-government protests that have rocked the oil-rich nation of Venezuela, President Nicolas Maduro has accused the opposition of trying to initiate a coup. Though a small number of military officers have been arrested for allegedly plotting against the government, VOA’s Brian Padden reports the leadership of the armed forces continues to support the president, at least for now.
Video

Video More Millenials Unplug to Embrace Board Games

A big new trend in the U.S. toy industry has more consumers switching off their high-tech gadgets to play with classic toys, like board games. This is especially true among the so-called millenial generation - those born in the 1980's and 90's. Elizabeth Lee has more from an unusual café in Los Angeles, where the new trend is popular and business is booming.
Video

Video Google Buys Drone Company

In its latest purchase of high-tech companies, Google has acquired a manufacturer of solar-powered drones that can stay in the air almost indefinitely, relaying broadband Internet connection to remote areas. It is seen as yet another step in the U.S. based Web giant’s bid to bring Internet to the whole world. VOA’s George Putic reports.
AppleAndroid