Iran General NewsU.S. sanctions Belarusian company for Iran ties

U.S. sanctions Belarusian company for Iran ties

-

Reuters: The United States said on Tuesday it had imposed sanctions on Belarusneft, a state-owned Belarussian energy company, for its involvement in the Iranian petroleum sector.

WASHINGTON, March 29 (Reuters) – The United States said on Tuesday it had imposed sanctions on Belarusneft, a state-owned Belarussian energy company, for its involvement in the Iranian petroleum sector.

The United States suspects Iran of seeking to develop nuclear weapons under cover of its civil atomic program. Iran denies this, saying its nuclear program is solely to produce energy so that it can export more of its valuable oil and gas.

Major powers have tightened sanctions on Iran via the U.N. Security Council and unilateral steps to try to pressure Tehran to meet U.N. demands that it halt sensitive nuclear work and provide more information about its atomic program.

The U.S. State Department said Belarusneft had entered into a $500 million contract with NaftIran Intertrade company in 2007 for the development of Iran’s Jofeir oilfield.

The Iran Sanctions Act requires sanctions be imposed on firms that make certain investments over $20 million in Iran.

State Department spokesman Mark Toner said the U.S. move bars Belarusneft from receiving aid from the U.S. Export-Import Bank, from obtaining U.S. government export licenses, from getting private U.S. bank loans of more than $10 million in any 12-month period and from winning U.S. government contracts.

The spokesman said he was not aware of Belarusneft having any such loans or any intent of getting into the U.S. market but he said the sanctions would prevent it from doing so in the future and deter other companies from Iranian investments.

“They limit the company’s ability to access the U.S. market and, even if they don’t have any U.S. commercial activities at present, they will limit their options to operate in the U.S. in the future,” Toner told reporters at his daily briefing. (Editing by Eric Beech)

Latest news

To Stay in Power, Iran’s Regime Liquidates National Assets

For several decades, Iranian regime supreme leader Ali Khamenei has sold Iran's resources and wealth for the survival of...

Iran’s 2023 Budget Shrouded In Doubt

On January 22, the Majlis (parliament) approved the draft of the 2023 budget bill proposed by regime president Ebrahim...

Iran: People of Khoy Still Reeling From 5.9-Magnitude Earthquake

An earthquake with a magnitude of 5.9 struck northwest Iran on Saturday, killing at least three people and injuring...

Iran’s Unsolvable Air Pollution Problem

Air pollution will remain at dangerous levels and will increase for the next few days in most big cities,...

The World Must Acknowledge the Iranian People’s Right to Self-defense

Victor Hugo once said: “When dictatorship is a fact, revolution becomes a right.” Throughout history, this has been the...

Iran: 60% Of Population Is Poor

The livelihood baskets of the Iranian people are shrinking dramatically. This, in turn, has introduced new concerns to protect...

Must read

Iran says “completing” nuclear steps agreed with IAEA

Reuters: Iran is "in the process" of completing measures...

Iran tops EU foreign ministers’ agenda

AP: Efforts to persuade Iran to stop enriching uranium...

You might also likeRELATED
Recommended to you