Home / News / North America / The US imposed sanctions against four steel companies of Iran

The US imposed sanctions against four steel companies of Iran

North America / Business and Finance
1 456

the U.S. imposed sanctions against four steel, aluminum and metallurgical companies operating in the metallurgical sector of Iran, including a subsidiary of Mobarakeh Steel Company, the largest steel producer in Iran.

The US imposed sanctions against four steel companies of Iran

the United States on Thursday contributed to the sanctions list of four companies operating in the Iranian steel sector, as well as agents for marketing the products of the largest Iranian steel mills.

the U.S. Treasury Department announced sanctions against the company Tara Steel Trading GmbH, based in Germany with subsidiaries Mobarakeh Steel, three based in the UAE, the controlling stake in which belongs to metallurgical companies, and Metil Steel company, which is based in Iran.

"Mobarakeh Steel Company annually allocates millions of dollars of Iranian investment company Mehr Eqtesad, organizations that have close ties with the paramilitary forces of Iran's Basij, which are controlled by IRGC and its Basij Bonyad Taavon," said the Ministry. "In aggregate, today appointed subsidiaries help generate the equivalent of tens of millions of dollars a year from the sale of production of Mobarakeh Steel Company".

Mobarakeh Steel Co is the largest producer of flat steel in the middle East and North Africa. For a share is 1 percent of Iran's GDP. Previously, the company was included in black lists of other U.S. agencies.

In the sanctions list also includes three major Iranian manufacturer of aluminum, steel and iron, which have made billions of dollars in sales and export of Iranian metals.

the Sanctions include freezing all assets of companies within the jurisdiction of the United States, and a ban on doing business with them for American citizens and companies.

Apparently, the sanctions are not connected with published Wednesday by the Reuters investigation on the use of aluminum powder in the production of missiles in Iran.

"the Iranian regime continues to use profits from metallurgical enterprises and foreign sales agents to Finance destabilizing behavior in the world," said Finance Minister Steven Mnuchin.

Add a comment
Сomments (0)
To comment
Войти с ВК Войти с ФБ Войти с Яндекс
Sign in with:
Войти с ВК Войти с ФБ Войти с Яндекс