OFAC Sanctions UAE Companies for Buying Iranian Oil
The Treasury’s Office of Foreign Assets Control sanctioned five United Arab Emirates companies for buying Iranian oil, Treasury said in a March 19 press release. The companies bought “hundreds of thousands” of metric tons of petroleum products from the National…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
Iranian Oil Company, which was sanctioned by OFAC in 2008. The companies include Petro Grand FZE, Alphabet International DMCC, Swissol Trade DMCC, Alam Althrwa General Trading LLC and Alwaneo LLC Co.