Sunday, Apr 26, 2015Sunday, Apr 26, 2015

US blacklists groups helping Iran on missiles, oil

Published on Apr 29, 2014 10:00 PM

WASHINGTON (AFP) - The US kept up pressure on Iran Tuesday with fresh sanctions on two groups accused of illicitly aiding the country even as negotiations continue over Tehran's nuclear programme.

The US Treasury set sanctions on a Chinese group accused of supporting Iran's ballistic missile program and a Dubai group which allegedly helps Iran evade restrictions in exporting its oil.

Eight China-based companies linked to already-sanctioned businessman Karl Lee, or Li Fangwei, were blacklisted. The Treasury said Lee had used them as front companies to export materials to Iran for its ballistic missile programme.

The Treasury also named Dubai businessman Saeed al-Aqili, his Al Aqili Group LLC, and a Dubai-based Pakistani "financial facilitator", Anwar Kamal Nizami, for helping Iran avoid international sanctions on its oil exports.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!