BREAKING NEWS

US sanctions companies, individuals for dealing with Iran

By REUTERS

SEPTEMBER 6, 2013 20:26

The United States has placed sanctions on six individuals and four businesses for helping the government of Iran conceal its involvement in global oil deals, the US Treasury said on Friday.

Washington is targeting the network of Seyed Seyyedi, an Iranian businessman who is director of the already-sanctioned Sima General Trading. Treasury also said it applied sanctions on individuals and companies linked to schemes to import Iranian oil into the European Union.

When sanctions are implemented, individuals and companies may be blocked from the US financial system and any assets they have under US jurisdiction may be frozen.

"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," Treasury Under Secretary for Terrorism and Financial Intelligence David Cohen said in a statement.

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