Iran General NewsTreasury blacklists six who allegedly evaded Iran oil sanctions

Treasury blacklists six who allegedly evaded Iran oil sanctions

-

Wall Street Journal: The U.S. Treasury Department on Friday blacklisted six individuals and four businesses, citing their alleged involvement in an attempt to evade Iranian oil sanctions.

 

The Wall Street Journal

Rachel Louise Ensign

The U.S. Treasury Department on Friday blacklisted six individuals and four businesses, citing their alleged involvement in an attempt to evade Iranian oil sanctions.

The move targeted a network allegedly run by Iranian businessman Seyed Seyyedi, who is allegedly involved with a number of front companies that facilitate oil deals, the department said in a press release.  Mr. Seyyedi allegedly also serves as managing director of Sima General Trading, which was added to the Office of Foreign Assets Control blacklist in March.

“Our sanctions on Iran’s oil sales are a critically important component of maintaining pressure on the Iranian Government, and we will not allow Iran to relieve that pressure through evasion and circumvention,” said Treasury under secretary for terrorism and financial intelligence David S. Cohen in the release.

The designations came the same day a European Union court ruled against the bloc’s freeze on seven companies allegedly linked to Iran’s nuclear program.

Mr. Seyyedi allegedly used the firms United Arab Emirates-based KASB International LLC, Petro Royal FZE, and AA Energy FZCO, which were all blacklisted today, in schemes to evade oil sanctions, Treasury said.

The agency also targeted others who allegedly represent the already-blacklisted National Iranian Oil Co., Iran’s state oil company, and its alleged front company Naftiran Intertrade Company Sarl in global oil deals. These individuals were U.K. citizen Mohammad Moinie, and Iranian nationals Reza Parsaei, Seyyed Mohamad Ali Khatibi Tabatabaei, Seyed Mahmoud Mohaddes and Mahmoud Ziracchian Zadeh.

Also blacklisted was Swiss Management Services Sarl, based in Switzerland, which is allegedly used as a front company by Naftiran Intertrade Company Sarl.

The Wall Street Journal earlier reported that Mr. Seyyedi couldn’t be reached for comment and Seyyed Mohamad Ali Khatibi Tabatabaei, described as NIOC’s director of international affairs, said he no longer holds that position. “They made a mistake,” he said.

The designations came under a 2012 executive order that blocked the property of the Iranian government and Iranian financial institutions.

Latest news

 Statistics show that New Year accidents’ deaths in Iran reached 585

Ahmad Shirani, the head of the Information and Traffic Control Center of the Iranian regime’s police, announced that the...

Land Subsidence in Critical Conditions in Isfahan

Mehdi Toghyani, a member of the Iranian regime’s Majlis (parliament), pointed to the occurrence of land subsidence in various...

Iran’s Actual Inflation Rate Higher Than Official Stats

The state-run Donya-e-eqtesad newspaper, in a report analyzing the "general sentiment" regarding inflation in 2023, has stated that households...

Iranian Workers’ Monthly $136 Wages Can’t Cover $500 Expenses

The lives of a significant portion of the Iranian population are marked by uncertainty, largely because the Iranian economy...

Iranian Nurses Earn Twice Their Wages in Ride-Hailing Services

Reza Aryanpour, a member of the regime’s Majlis (parliament) Health and Treatment Commission, highlighted the growing trend of nurses...

Iran: Unprecedented Record of 152 Million Liters of Gasoline Consumption Per Day

On March 19, Iran set a new historical record in gasoline consumption with 152 million liters consumed in one...

Must read

US general says Yemen could become Iran-Saudi proxy war

VOA: The commander of U.S. forces in the Middle...

Protesters pelt UK embassy as Iran row worsens

Reuters: Iranian protesters hurled stones and big firecrackers at...

You might also likeRELATED
Recommended to you