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Thursday, 27 October 2016


Washington is narrowing circles around Iran

2012-01-13 13:56

The U.S. State Department imposed sanctions against three foreign energy companies that support the business and trade relations with Iran.

"In accordance with sanctions imposed today all three companies will be denied of the U.S. export licenses, funding by the Export-Import Bank of the United States and loans from U.S. financial institutions which exceed $ 10 million", stated in the notice issued by the State Department.

The sanctions are imposed on the major Chinese company Zhuhai Zhenrong Corp, as well as on Singaporean Kuo Oil Pte Ltd and FAL Oil Company Ltd. The department stressed that the sanctions "applies only to the companies themselves, rather than on countries and governments (to which they belong)". The State Department also noted that this measure is part of "an unprecedented effort to impose international sanctions aimed at forcing Iran to change its behavior".

The observers consider this step of the U.S. administration as the beginning of a massive campaign to put pressure on Iran. In particular, the United States and Western Europe are trying to convince other states and companies in need to reduce oil imports from Iran, thus forcing it to abandon its nuclear program, the Interfax reported.

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