Thousands Of Iranian Companies Operating In Georgia Amid Sanctions Evasion Concerns
Nearly 13,000 Iranian companies are registered in Georgia, with many linked to a few addresses, raising concerns about sanctions evasion. Iranian firms reportedly use Georgia as a transit point to bypass international sanctions, with some of the companies linked to Iran’s armed forces. Trade between Georgia and Iran has grown, and Iran now supplies a […]
U.S. sanctions 29 companies in China, Turkey, and UAE over Iran military support
The U.S. government announced a major expansion of its sanctions, adding 29 entries (26 entities and three addresses) to the Commerce Department’s Bureau of Industry and Security (BIS)’s restricted entity list. The sanctions target companies in China (15 firms), Turkey, and the UAE, which the U.S. accuses of providing illicit support to Iran’s military and […]
US sanctions six Indian firms for buying Iranian petroleum products
The United States has imposed sanctions on six Indian companies for allegedly engaging in significant transactions involving Iranian-origin petrochemical products. “The Iranian regime continues to fuel conflict in the Middle East to fund its destabilizing activities. Today, the United States is taking action to stem the flow of revenue that the regime uses to support […]
UN Sanctions on Iran Re-enter into Force
UN sanctions against Iran re-entered into force after approximately 10 years, following the request of Germany, the United Kingdom, and France. Tehran administration announced that they would give a “strong and appropriate” response to the sanctions. The United Nations (UN) sanctions imposed on Iran due to its nuclear program re-entered into force this morning at […]
Europe’s sanction move on Iran is a serious threat to tanker markets
The United Kingdom, France, and Germany have initiated a 30-day process to re-implement United Nations sanctions against Iran. This action, includes restrictions on oil exports, financial transactions, and maritime transport. These sanctions were originally suspended under the 2015 nuclear deal, and their re-implementation is a response to Iran’s increased uranium enrichment activities. This move is […]
US issues sanctions against Greek shipper of Iranian oil
The United States has issued a new round of sanctions against Iran, seeking to disrupt oil exports by going after a global network of companies owned by a single Greek shipper. According to Al Jazeera, in a statement published by the US Treasury Department on Thursday, the government announced sanctions on companies and vessels owned […]
US Treasury Targets Iranian Network Evading Sanctions and Enabling Oppression
The U.S. Department of the Treasury’s Office of Foreign Assets Control designated 18 entities and individuals that play pivotal roles in the Iranian regime’s efforts to generate revenue and circumvent U.S. sanctions. “Facing severe financial constraints due to international isolation, Iran has engineered sophisticated banking schemes and alternate payment messaging systems specifically designed to bypass […]
The US treasury takes massive action against high-profile Iranian network
Latest sanctions are biggest Iran-related sanctions package since 2018 targets corrupt regime-linked shipping empire that has funneled billions to Tehran. The Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated more than 50 individuals and entities and identifying more than 50 vessels that are part of the vast shipping empire controlled by Mohammad […]
US sanctioned 12 tankers and Iraqi terminal in first Iran sanctions since bombing nuclear sites
After bombing Iran’s nuclear facilities in late June amid the 12-day Israel-Iran war, the US resumed its ‘maximum pressure’ sanctions campaign on Iran. US sanctioned an Iraqi oil terminal and more than 30 individuals, entities and ‘shadow fleet’ tankers on Thursday as the “maximum pressure” sanctions campaign on Iran resumed for the first time since […]
US issues new Iran-related sanctions
Treasury Department will continue to degrade Iran’s ability to produce, proliferate ‘deadly weapons,’ says Treasury Secretary Bessent. The Treasury Department’s Office of Foreign Assets Control (OFAC) designated one individual and eight entities, and identified one vessel as blocked property, for their involvement in the procurement and transshipment of “sensitive machinery” for Iran’s defense industry, it […]