facebook
twitter
rss
account
search
search
 

U.S. escalates enforcement of sanctions against Iran

The United States escalated enforcement of sanctions against Iran by naming eight Chinese companies and two people involved in shipping missile parts to Iran.
By Ed Adamczyk   |   April 30, 2014 at 10:53 AM   |   Comments

| License Photo
WASHINGTON, April 30 (UPI) -- The United States added companies based in China and Dubai, and two Dubai-based executives, to its list of those evading sanctions on Iranian weapons, oil and banking transactions.

In a statement Tuesday from the Departments of Justice, State and Treasury, a $5 million bounty was also offered for information about Li Fangwei, a previous sanctions target charged with money laundering conspiracy, bank fraud and wire fraud. He is the owner of the eight Chinese companies previously described as fronts for supplying Iran with parts for ballistic missiles.

A Dubai company, Al Aqili Group LLC, and two men, Mohamed Saeed al-Aqili of Dubai and Anwar Kamal Nizami of Pakistan, were accused of “shady and deceptive oil deals with Iran," the statement said.

Any American property held by those sanctioned can be seized, and violators are banned from doing business in the U.S.

The announcement is the first significant enforcement of sanctions involving Iran in several months, dispelling the thought that U.S. relations with Iran are heading toward stabilization. Despite a recent thaw in relations, most restraints on Iran are still in place.

Follow @adamczyk_ed and @UPI on Twitter.
Contact the Author
© 2014 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Ukraine's new military doctrine on fast track for approval, says prime minister Ukraine's new military doctrine on fast track for approval, says prime minister
2
Texas driver allegedly kills girlfriend while in middle of a sex act Texas driver allegedly kills girlfriend while in middle of a sex act
3
Nikki Haley lead down to 10 points in S.C. re-election Nikki Haley lead down to 10 points in S.C. re-election
4
Joran van der Sloot is now a father Joran van der Sloot is now a father
5
Pakistani leader intimately connected to IS Pakistani leader intimately connected to IS
Trending News
x
Feedback