US adds 20 individuals, firms to Iran blacklist

Bs_logoImage
AFP Washington
Last Updated : May 24 2013 | 3:10 AM IST
The US Treasury has added 20 companies and individuals to its Iran sanctions blacklist, accusing them of supporting Tehran's nuclear efforts and helping the country avoid international sanctions.
The 20 include Iran-based transport and freight companies Aban Air, DFS Worldwide and Everex, as well as officials of the three, which the Treasury said work to get around bans on doing business with already-blacklisted Iran Air.
Malaysia-based Petro Green and a top company official, Hossein Vaziri, were placed on the US blacklist for their work with firms linked to Iran's Revolutionary Guards and the Naftiran Intertrade Company, both primary targets of US sanctions.
Two companies and one person were hit with sanctions for their work in Iran's nuclear program, which the US believes is aimed at producing nuclear weapons, an allegation Iran denies.
In addition, the Iranian deputy defence minister and dean of Malek Ashtar University, Reza Mozaffarinia, was named for his work on Iran's missile program.
The sanctions blacklist bans US entities and individuals from any financial or commercial relations with those named.
"These networks are responsible for moving supplies and providing essential services to Iran's clandestine nuclear and weapons programs," the Treasury said in a statement yesterday.
"These actions are designed to increase pressure on the Iranian regime by tightening sanctions against Iran's energy sector and exposing key proliferation-related networks that span the globe from Europe to Asia.

You’ve reached your limit of 10 free articles this month.
Subscribe now for unlimited access.

Already subscribed? Log in

Subscribe to read the full story →
Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories

  • Over 30 subscriber-only stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 24 2013 | 3:10 AM IST