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US imposes sanctions on Greek, Panama law firm for helping Iran shipping
Treasury said the firm helped register front companies and vessels that moved Iranian crude, petrochemicals and steel, while 5 people tied to it were also sanctioned.
- The Treasury Department announced sanctions on Wednesday against firms supporting Iran's shadow fleet network, which the administration claims is used to circumvent existing sanctions.
- Panamanian-Greek law firm Karnakis and Karnakis faces primary sanctions for supporting "illicit Iranian shipping activity for years, indirectly aiding Tehran's ability" to generate revenue for military and nuclear programs.
- Beyond the law firm, the Treasury sanctioned Singapore- and UAE-based shipping agents, members of the Karnakis-Kosmas and Ortega-Jones families, and a Syrian cement company linked to the IRGC's Quds Force.
- Secretary of the Treasury Scott Bessent warned that facilitators "must make a choice: Either you are with us or against us," pledging continued action against Iranian regime supporters.
- The Financial Crimes Enforcement Network issued subpoenas and information requests to banks in Europe investigating potential relationships with Iranian financial institutions under U.S. sanctions.
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Al Arabiya+3 Reposted by 3 other sources
Greece says it is implementing sanctions linked to Iran
·Riyadh, Saudi Arabia
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The U.S. Treasury Department points to Karnakis and Karnakis for creating fictitious societies to hide owners of ships carrying Iranian oil and other products. Seven Panamanian-flagged cargo ships are vincu
·Warsaw, Poland
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Total News Sources99
Leaning Left2Leaning Right19Center12Last UpdatedBias Distribution58% Right
Bias Distribution
- 58% of the sources lean Right
58% Right
C 36%
R 58%
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