Tag Archives | sanctions

Iran Imposes Sanctions on 15 US Companies

Iran has imposed sanctions on 15 American companies for what it describes as “propping up the Zionist regime, terrorists and suppressing civilians in the region.” The Iranian Foreign Ministry said the move comes in response to Washington’s imposition of new sanctions against Tehran. The sanctioned US corporations, and the reasons given for their inclusion, are: Beni […]

US: Eleven Sanctioned for Transfer of “Sensitive Items” to Iran

From US State Department: On March 21, the United States imposed sanctions on 30 foreign entities and individuals in 10 countries pursuant to the Iran, North Korea, and Syria Nonproliferation Act (INKSNA). These sanctions apply to the specific individuals and entities which will be listed in the federal register and will be in effect for […]

ZTE Corp Pleads Guilty in Sanctions Case

By John Lee. Chinese telecom equipment maker ZTE Corp has pleaded guilty to conspiring to violate U.S. sanctions by illegally shipping U.S. goods and technology to Iran. The guilty plea was part of an agreement the company reached earlier this month with U.S. authorities that also called for nearly $900 million in fines and other […]

ZTE fined $1.1bn for flouting US Sanctions

By John Lee. Chinese telecom giant ZTE Corporation (Zhongxing Telecommunications Equipment Corporation) has agreed to plead guilty to charges that it shipped US-made equipment to Iran and North Korea, and has been fined $1.1 billion. The equipment included routers, microprocessors and servers controlled under export regulations for “security, encryption… and/or anti-terrorism reasons“. Steven T. Mnuchin, US […]

New US Sanctions Could Help Peugeot in Iran

New US Sanctions Could Help Peugeot Extend Its Lead in Iran’s Car Market A senior official with the giant French automotive Peugeot Citroen said recent new US sanctions against Tehran could play to the vehicle manufacturer’s advantage. “This is our opportunity to accelerate,” Peugeot Africa and Middle East chief Jean-Christophe Quemard said at a recent […]

Amazon Could Face Penalties for Iranian Business Ties

Amazon.com, the American electronic commerce and cloud computing company, has said it sold and delivered goods to certain Iranian individuals and entities covered by US sanctions. The company said in a regulatory filing that from 2012 to 2016 it “processed and delivered orders of consumer products for certain individuals and entities located outside Iran covered […]

Total says Iran Investment Depends on Renewal of US Waivers

By John Lee. French oil major Total plans to make a final investment decision on its $2-billion Iranian gas project by the summer, according to reports from Reuters and PressTV. But Chief Executive Patrick Pouyanne (pictured) told journalists that the decision hinges on the renewal of U.S. sanctions waivers, which are due to be renewed […]

US Firms may be Hindered in Iranian Oil Projects

Iran has imposed no restrictions on U.S. oil firms willing to take part in energy projects in the country but American sanctions make such cooperation impossible, Iran’s deputy oil minister has said. “Iran has not imposed any restrictions on the U.S. companies, but they cannot participate in our (oil and gas) tenders due to the […]

US puts Sanctions on Iran after Missile Test

Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned multiple entities and individuals involved in procuring technology and/or materials to support Iran’s ballistic missile program, as well as for acting for or on behalf of, or providing support to, Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF). This action reflects the […]

US Senators introduce Iran Non-Nuclear Sanctions Act

U.S. Senators Marco Rubio (pictured) (R-FL), Todd Young (R-IN) and John Cornyn (R-TX) have reintroduced the Iran Non-nuclear Sanctions Act, legislation that would impose harsh financial and economic sanctions countering Iran’s non-nuclear provocations, including its ballistic missile violations, human rights abuses and support for international terrorism. “After years of unilateral concessions and flexibility by the […]