Posted on 08/04/2006 1:36:07 PM PDT by oxcart
WASHINGTON — The Bush administration has imposed sanctions against seven foreign companies, including two from India and two from Russia, after accusing them of business dealings with Iran involving sensitive technology, the government said Friday.
SNIP
The seven businesses, which also included two from North Korea and one from Cuba, were found to be in violation of the Iran Nonproliferation Act of 2000. The law is aimed at preventing the spread of weapons of mass destruction to Tehran.
SNIP
The Russian companies were Rosoboronexport, a state-controlled arms exporter, and Sukhoi, a manufacturer of fighter jets.
The two Indian companies were Balaji Amines Ltd. and Prachi Poly Products Ltd., both chemical manufacturers.
Also sanctioned were Korean Mining and Industrial Development Corp. and Korea Pugang Trading Corp., both North Korean.
The Cuban company was the Center for Genetic Engineering and Biotechnology.
(Excerpt) Read more at foxnews.com ...
Oooh. I bet this has Ahmadinejad shaking in his sandals.
Isn't Korean company a source of Titanium?
Sukhoi is a biggie. This will definitely put a bee in Putin's bonnett. He will probably have to kiss a few more young boy's stomachs to calm down...
U.S. bans its arms firms over Iran sales
By Oliver Bullough and Tom Miles
MOSCOW (Reuters) - Washington imposed sanctions on two of Russia's leading arms firms over their links with Iran on Friday, a step Moscow said was a "clearly illegitimate" attempt to impose U.S. laws on foreigners.
Russia's Foreign Ministry said in a statement that the U.S. State Department had slapped sanctions on state export agency Rosoboronexport and state-owned warplane maker Sukhoi, meaning they could no longer work with U.S. firms.
"This is a clearly illegitimate attempt to make foreign companies work by internal American rules," the statement said.
Russia said the sanctions had been imposed under a U.S. law which penalises companies for working with Iran in the sphere of weapons of mass destruction.
The U.S. later said it had imposed sanctions on seven companies from North Korea, Russia, India and Cuba for their arms deals with Iran.
Iran and Russia signed a $1 billion defence deal in December, Russian media said at the time. Russia agreed to supply TOR-M1 ground-to-air missile systems to the Islamic Republic and also agreed to modernise its air force.
Russia is also building an atomic power station at Bushehr on Iran's Gulf coast.
The statement said the sanctions would stop U.S. companies from working with the two Russian firms, a potential blow to the Russian Regional Jet civil aviation project, which Sukhoi is working on with aerospace giant Boeing.
A Sukhoi official said it had broken no regulations.
"We have competed on the U.S. market for a long time, we carefully study the laws and have never violated anything and do not intend to," Alexander Klementev, deputy director of Sukhoi told Ekho Moskvy radio.
"Sukhoi has sent absolutely nothing to Iran in the last 6 or 7 years."
Rosoboronexport is one of the world's biggest arms sellers, accounting for around 70 percent of Russia's $6 billion of sales in 2005.
TITANIUM?
It was not clear from the Russian statement whether the sanctions would also cover the two firms' subsidiaries. If so, they could soon affect U.S. imports of titanium, an important metal in the aerospace sector.
Rosoboronexport is planning to acquire the world's biggest titanium maker, Russia's VSMPO-Avisma, which supplies 35-40 percent of Boeing's titanium as well as 60-70 percent of that used by its European rival Airbus.
Aircraft part maker Goodrich Corp. is also a customer.
Rosoboronexport owns Russian carmaker AvtoVAZ, which has a troubled joint venture with U.S. auto giant General Motors, which could also be affected.
"The U.S. is punishing its own companies, taking away their possibilities to cooperate with leading Russian companies," the ministry said.
Washington and Moscow have clashed frequently over trade policy and Iran over the past few years, with U.S. officials angering President Vladimir Putin with criticism of his democratic record and foreign and energy policy.
Washington says Iran is using its civilian nuclear programme as cover to develop atomic weapons.
http://news.scotsman.com/latest.cfm?id=1133652006&format=print
LOL
LOL, you bad!
So it begins!
There is nothing the U.S. can do to stop, say, a Russian company from selling fighter jets to anyone it chooses.
So what's really going on? Don't ask, don't tell.
"Under the sanctions, the federal government is now prohibited from dealing with any of the seven companies."
You mean the feds normally do business with this Cuban and these 2 N.Korean companies?
real life isn't armchair-quarterbacked.
Oh come on folks are we really that surprised? Russia wants nothing but world conquest and these arms sales are just another way to the terrorists to do their bidding.
Oooo I love the how macho the Freeper Fringers are to have expand the war.
http://www.rusarm.ru/p_frame/main.htm
State run arms expoter. Run by former KGB agent now CIO'ski of Russian arms export industry.
Putin former KGB agent nor "el presedente" of Russia.
Please please, don't confuse things here. Much has changed in Russia! It's now an open free, democratic and I was even told by one guy here "western" nation.
Thanks for the link...you forgot the /sarcasm.
Strange that nobody yet said that Rosoboronexport is controlling AVISMA, one of the largest titanium exporters in the world.
In effect these sanctions mean that Boeing might want to shop for their titanium somewhere else. As well as mark out some booked sales (Boeings 787 for Aeroflot) from their sales forecast.
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