US Slaps Belarusian Co. With Sanctions For Iran Ties

Law360, New York (March 30, 2011, 6:36 PM EDT) -- The U.S. Department of State on Tuesday announced sanctions against a state-owned Belarusian energy company for its ties to Iran's petroleum industry, barring it from receiving government contracts, among other penalties.

The State Department said it was targeting Belorusneft over a $500 million contract with NaftIran Intertrade Co. in 2007 for the development of the Jofeir oil field in the Middle Eastern country.

The government characterized the action as part of ongoing efforts to ratchet up the pressure on Iran for failing to meet international obligations...
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