State Department Imposes Sanctions on Companies in North Korea, India and Russian Under Iran Nonproliferation Act
On Friday, the State Department published a notice in the Federal Register announcing that the U.S. Government has imposed sanctions pursuant to the Iran
Nonproliferation Act of 2000 (Pub. L. 106-178) on the following compoanies and their affiliates:
- Korean Mining and Industrial Development Corporation (KOMID) (North Korea)
- Korea Pugang Trading Corporation (North Korea)
- Center for Genetic Engineering and Biotechnology (Cuba)
- Balaji Amines (India)
- Prachi Poly Products (India)
- Rosoboronexport (Russia)
- Sukhoy (Russia) (also known as Sukhoi).
KOMID and Korea Pugang are already included on the Treasury Department's Specially Designated Nationals List.
The Rosoboronexport State Export Corporation is the sole agency responsible for Russia's exports and imports of defense–related and dual use products, technologies and services. Sukhoi is Russia's largest aircraft manufacturing company, producing both civilian and military aircraft.
According to a report in the Financial Times, the Government of Russia condemned the sanctions. "Russia’s foreign ministry called the sanctions unacceptable, saying they threatened future partnership with the US. The defence ministry said they were ungrounded and suggested they were US retaliation for Russia’s agreement last month to sell more than $1bn of arms and military aircraft to Hugo Chávez, the Venezuelan president." In July, Sukhoi and Venezuela entered into an agreement whereby Sukhoi would supply four Sukhoi Su-30 fighter jets and 53 military helicopters to Venezuela.
Monday Update: AP reports: "Sanctions threaten Russian ties: analysts".
Further Update: Government of India spokesman quoted as saying:
"The imposition of sanctions by the US on our firms, which in our view have not acted in violation of our laws or regulations, is not justified."
Labels: OFAC
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