Treasury sanctions Russia-Iran oil network for supporting Syria's Assad [MarketWatch]
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Source: MarketWatch
Treasury sanctions Russia-Iran oil network for supporting Syria's Assad The U.S. Treasury on Tuesday announced sanctions on a network involving the Iranian regime and Russian companies that provide oil to the Syrian government. Treasury Secretary Steven Mnuchin said in a statement that the scheme bolsters the regime of Syrian President Bashar al-Assad and generates money for "Iranian malign activity." Among the targets of sanctions are Syrian citizen Mohammad Amer Alchwiki and his Russia-based company, Global Vision Group. The sanctions freeze assets of the individuals and companies that are under U.S. jurisdiction and bar Americans from doing business with them. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
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