US hits more foreign firms with Iran sanctions
Washington: The Obama administration on Tuesday
hit seven foreign companies, including Venezuela` state-owned
oil company and an Israeli shipping firm, with sanctions for
doing business with Iran that helps fund its nuclear program.
At the same time, the administration imposed separate
sanctions on more than 15 people and companies in China, Iran,
North Korea, Syria and elsewhere for illicit trading in
missile technology and weapons of mass destruction.
The State Department announced the penalties as the
administration widened the scope of measures against firms
that supply or transport refined petroleum products, including
gasoline, to Iran.
The announcement came a day after President Barack
Obama signed an executive order giving the departments of
Treasury and State more leeway in targeting companies involved
in Iran`s energy sector in order to boost pressure on Iran to
meet international demands and prove its nuclear program is
The affected companies include Petroleos de Venezuela,
Tanker Pacific of Singapore, Ofer Brothers Group of Israel,
Associated Shipbroking of Monaco, Petrochemical Commercial
Company International of Jersey and Iran, the Royal Oyster
Group of the United Arab Emirates and Speedy Ship of the
United Arab Emirates and Iran.
"All of these companies have engaged in activities
related to the supply of refined petroleum products to Iran,
including the direct supply of gasoline and related products,"
Deputy Secretary of State James Steinberg in announcing the
sanctions. US officials say Iran uses revenue from its
energy sector to fund its nuclear program.
More from India
More from World
More from Sports
More from Entertaiment
- Security guard beats woman journalist publicly in Pakistan
- Pakistan violates ceasefire in J&K's Hiranagar; 7 Pak Rangers killed, BSF jawan injured
- ISIS terrorists escape Mosul disguised in women's clothing
- DNA: Analysing the existing poor condition of Indian education system
- DNA: Pakistan violates ceasefire in J&K's Hiranagar; Seven Pak Rangers killed
- Navjot Singh Sidhu out on zero to Waqar Younis in 1990 – The match Kapil Sharma keeps talking about
- MS Dhoni reacts in astonishment as Axar Patel takes a stunning one-handed catch - VIDEO
- BSP shrugs off Rita Bahuguna 's jump; says BJP will still face defeat in UP polls
- MS Dhoni or Virat Kohli? Here's Virender Sehwag's best ever reply
- Sushant Singh Rajput’s former girlfriend Ankita Lokhande’s Karva Chauth photos will surprise you