Treasury hits firms tied to Syrian regime
07/09/2014 2:19 PM
07/12/2014 5:19 PM
Ratcheting up pressure on the Syrian government, the U.S. Treasury Department Wednesday announced sanctions against two Syrian firms and one in the United Arab Emirates that are allegedly linked to the regime’s weapons programs.
The companies blacklisted by Treasury, which makes them international pariahs, include Expert Partners and Megatrade in Syria. They allegedly operated as front companies for the Scientific Studies and Research Center, the Syrian government agency that develops and produces non-conventional weapons, and were said to have helped develop chemical and biological weapons.
Also targeted by Treasury was the Pangates International Corporation Ltd., of the United Arab Emirates. The U.S. government alleges that from 2012 to April 2014, Pangates provided material support in goods and services to the Syrian regime via business with the Syrian state oil company known by the acronym SYTROL. The goods shipped to Syria in violation of sanctions included gearbox and turbine oil, marine engine oil, fuel additives and even aviation fuel.
Syria’s state oil company and the research company had already been sanctioned previously by both the United States and the European Union.
Oops, you haven't selected any newsletters. Please check the box next to one or more of our email newsletters and submit again.
Oops, you didn't provide a valid email address. Please double-check the email field and submit again.
Join the Discussion
Miami Herald is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.