The US Treasury Department yesterday identified an additional 20 people and 4 front companies that US citizens and companies will no longer be able to do business with because they are “owned or controlled by, or acting for or on behalf of, the Government of Iran.” The Treasury Department also identified the National Iranian Tanker Company as an Iranian government entity. In addition to forbidding doing business with these entities, the Treasury action also freezes any assets held by them in the US.
The National Iranian Tanker Company’s fleet can carry up to 62 million barrels of oil, and by renaming, reflagging, or disabling GPS systems, the tanker fleet has tried to evade US-European sanctions, according to the Treasury Department.
The Treasury press release is available here, a list of sanctioned companies and persons is available here, and the Treasury’s resource page on US sanctions is here.
Paul Ausick
Contact [email protected] for any questions or corrections.
Top Gaining Stocks
Top Losing Stocks