On 12 December 2013, the US State and Treasury Departments announced additional designations of companies and individuals for providing support to Iran’s nuclear program. At the same time, OFAC designated a number of companies and one individual under Executive Order 13645 for providing material assistance to the National Iranian Tanker Company (“NITC”).
The NITC-related designations target companies and an individual that, according to the US government, provide material assistance to NITC. The newly sanctioned companies are Mid Oil Asia and Singa Tankers, which are Singapore-based tanker companies; Siqiriya Maritime, a Philippines-based company; and Ferland Company Limited, a company with offices in the Ukraine and Cyprus. Ferland had previously been designated under the Foreign Sanctions Evaders program for facilitating deceptive transactions on behalf of NITC. Ferland’s General Manager, Vitaly Sokolenko, was also designated under both the NITC-related sanctions and the Foreign Sanctions Evaders program.
Under the non-proliferation program, the US government designated a number of Iranian companies and individuals that it determined were involved in supplying equipment and materials to Iran’s nuclear industry or potential nuclear weapons delivery systems to Iran’s military.
The expanded sanctions come at a time when the US, together with other countries, is negotiating in Geneva with Iran to explore the possibility of a long-term, comprehensive resolution with Iran that would provide confidence that Iran’s nuclear program is exclusively peaceful.