U.S. Imposed Sanctions on Belorusneft

30.03.2011 11:43
Архив Редакция

The United States of America are "taking additional measures to increase pressure on Iran over its refusal to comply with international obligations over its nuclear program." For this reason, the U.S. has imposed sanctions on the Belarusian company Belorusneft, which concluded a $500 million contract with Iran NaftIran Intertrade Company in 2007, said the U.S. State Department.

The contract included an agreement on the development of Jofeir oilfield in Iran. As noted by the U.S. State Department, act on sanctions against Iran of 1996 provides for the imposition of sanctions on companies, investing more than $ 20 million.

«One of the key elements of our strategy is focused on Iran’s oil and gas facilities, which, as acknowledged by the UN Security Council’s resolution №1929, are being used by Iran to finance the import of dual use goods,» said in a statement of the U.S. authorities.

The U.S. sanctions include restrictions on the company Belorusneft in the U.S. market, including export licenses. Companies are also prohibited from applying for loans to the Export-Import Bank, as well as to obtain loans larger than $10 million in commercial banks in the U.S. territory for a year and to engage in the execution of the U.S. government’s contracts. This was stated by the U.S. State Department spokesman Mark Toner on March 30, RIA «Novosti» news agency.

As Telegraf previously reported, the U.S. State Department announced the introduction of unilateral sanctions against a number of Belarusian companies on January 31. For example, the U.S. revoked documents, permitting the U.S. citizens any business with Lakokraska and Polotsk Steklovolokno.» In addition, the U.S. has also expanded the list of Belarusian citizens, baned from entering the country.

In turn, the Belarusian company believes that the imposition of economic sanctions by the United States could adversely affect the U.S. consumers. According to the marketing head of Polotsk-Steklovolokno Alexandra Krasko, the company is the sole supplier of products for some of the U.S. consumers.

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