US moves to confiscate Venezuelan 747 cargo jet with Iran ties
The U.S. is enforcing sanctions against Iran and Venezuela through seizure action on a 747 cargo jet.
The U.S. is enforcing sanctions against Iran and Venezuela through seizure action on a 747 cargo jet.
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The Swiss government will serve as the go-between to manage financial transactions involving medical and other exports to Iran and ensure Iranian sanctions are not violated.
Treasury Secretary Steven Mnuchin said the Iranian metals industry generates billions of dollars for the regime, contributing to its nuclear weapons program.
One of few viable trade lanes between Canada and Iran could become collateral damage after Canadian Prime Minister Justin Trudeau says surface-to-air missile likely brought down Ukranian airliner with 63 Canadians aboard.
“As long as I’m president of the United States, Iran will never have a nuclear weapon,” President Trump said in a televised address to the nation.
The Treasury Department’s Office of Foreign Assets Control warns U.S. companies to exercise due diligence against entanglements with sanctioned transportation services providers.
“This new humanitarian mechanism will help international companies that seek to engage in permissible humanitarian trade with Iran to ensure that they do not run afoul of sanctions,” Treasury Secretary Steven Mnuchin said.
U.S. sanctions targeting Iranian crude aboard Chinese ships ensnare Canadian-headquartered, New York-listed owner of Bahamas-flagged vessels carrying Russian cargoes via Arctic Sea.
The Treasury Department adds two banks to the Specially Designated Nationals and Blocked Persons List in response to Iran’s alleged involvement in missile attacks against Saudi Arabia’s oil facilities.
A Treasury Department official reaffirmed on Sept. 8 the Trump administration’s denial of temporary waivers that previously allowed countries to import Iranian crude oil under U.N. and U.S. sanctions.
Treasury’s Office of Foreign Assets Control sanctioned 16 entities and 10 individuals, as well as 11 ships, which it identified as participants in an Iran-controlled “oil-for-terror” shipping scheme.