BREAKING NEWS

US blacklists firms for evading Iran oil sale sanctions

By REUTERS

MAY 10, 2013 00:10

WASHINGTON - 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.

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