In the gone last week, on April29, 2014 the US has taken serious steps to enforce the Iran Sanctions. It has further blocked eight Chinese companies, one Dubai Company and other twp executives in the SDN list. They are blacklisted for dodging the American restrictions concerned with the Iranian weapons, banking and oil transactions.
The government has announced a prize of $5 million for providing any information linked with the Li Fangwei. The government is keen to arrest as he is one of the most sought out sanctions target who is charged of encouraging the procurement of Iranian weapons. Li Fangwei is also popularly known as Karl Lee. He is basically a Chinese businessman. The prize is offered by the government in association with Treasury, State and Justice Departments.
Recently the eight companies included in the blacklist are said to be of Karl Lee. Apart from it, he is also wanted in many other federal offenses. He has not complied with the Iran sanctions. He is involved into many charges including money laundering, wire fraud and bank fraud. With this, the US has made it clear that it will use the enforcement as and when required. It is the first strict American sanctions against Iran in last three months. The step is termed as very crucial as it has erased all the misconceptions about any change of economic relations with Iran. From last some time, there was some news that government is taking significant measures to ease Iran sanctions. It wants to normalize economic relations with Iran.
There was some modest thaw noticed between Iran and the United States. All these softening talks took a note when the two countries started seeking peace on the Iran’s disputed nuclear program. However, excluding some sanctions, all the restraints are still there in all the dealings related with Iran.
The US government has taken the sanctions evasions matter very seriously. The country had always adopted a tough stance when it came to Iran Sanctions. Iran has to carefully take all the steps and decisions pertaining to the procurement of nuclear weapon.
The government has announced a prize of $5 million for providing any information linked with the Li Fangwei. The government is keen to arrest as he is one of the most sought out sanctions target who is charged of encouraging the procurement of Iranian weapons. Li Fangwei is also popularly known as Karl Lee. He is basically a Chinese businessman. The prize is offered by the government in association with Treasury, State and Justice Departments.
Recently the eight companies included in the blacklist are said to be of Karl Lee. Apart from it, he is also wanted in many other federal offenses. He has not complied with the Iran sanctions. He is involved into many charges including money laundering, wire fraud and bank fraud. With this, the US has made it clear that it will use the enforcement as and when required. It is the first strict American sanctions against Iran in last three months. The step is termed as very crucial as it has erased all the misconceptions about any change of economic relations with Iran. From last some time, there was some news that government is taking significant measures to ease Iran sanctions. It wants to normalize economic relations with Iran.
There was some modest thaw noticed between Iran and the United States. All these softening talks took a note when the two countries started seeking peace on the Iran’s disputed nuclear program. However, excluding some sanctions, all the restraints are still there in all the dealings related with Iran.
The US government has taken the sanctions evasions matter very seriously. The country had always adopted a tough stance when it came to Iran Sanctions. Iran has to carefully take all the steps and decisions pertaining to the procurement of nuclear weapon.
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