World Tribune.com

U.S. sanctions Iran companies for 2nd time this year

SPECIAL TO WORLD TRIBUNE.COM
Monday, February 19, 2007

WASHINGTON — The United States has again sanctioned Iran's weapons of mass destruction program.

The Treasury Department has imposed sanctions on three Iranian companies cited as contributing to Iran's WMD program. The department named Kalaye Electric Co., Kavoshyar Co. and Pioneer Energy Industries Co. and said any U.S. assets would be frozen.

"They are either owned or controlled by the Atomic Energy Organization of Iran or acting for or on its behalf," Treasury said on Feb. 16.

This was the second time in two months that Treasury has imposed sanctions on Iran in connection with its WMD program. In January, the department sanctioned Iran's Bank Sepah for financing the nuclear and ballistic missile programs.

"Treasury is taking this action to deny Iran access to the materials and services that support its nuclear ambitions," Treasury Undersecretary Stuart Levey said on Feb. 16.

In 2005, the Iranian atomic energy was sanctioned by the United States. The agency manages Iran's nuclear program and was said to report directly to President Mahmoud Ahmadinejad.

Treasury said Kalaye was linked to Iran's centrifuge research and development efforts. The company has also been cited in the annex to United Nations Security Council Resolution 1737 because of its involvement in Iran's nuclear program.

Kavoshyar's sole shareholder is the Atomic Energy Organization of Iran. Pioneer Energy Industries Company provides services to AEOI, including technological support, Treasury said.


Copyright © 2007 East West Services, Inc.

Print Article Print this Article Email this article Email Article Subscribe to this Feature Headline Alerts Subscribe to this Feature RSS/XML


Google
Search Worldwide Web Search WorldTribune.com