Tags: Iran | Iran Sanctions

Report: Treasury OK'd US Business with Iran

Thursday, 23 Dec 2010 11:19 PM

 

WASHINGTON (AP) — The New York Times is reporting that the Treasury Department has granted nearly 10,000 exceptions to American companies over the past decade so that they could skirt U.S. sanctions on Iran and other countries the U.S. considers terrorist sponsors.

The newspaper says companies such as Kraft Food and Pepsi, and some of the largest U.S. banks, benefited. Most licenses were granted under a law allowing trade in humanitarian goods, even if that included products such as cigarettes and chewing gum.

The story was posted on the Times' website Thursday. It said one American company could bid on a pipeline job to help Iran sell natural gas to Europe even though the U.S. opposes such deals. Other companies were permitted to deal with Iranian companies suspected of terrorist involvement or weapons proliferation.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

US Official: Paris Market Terrorist Had Camera to Video Attack

Friday, 30 Jan 2015 23:05 PM

Amedy Coulibaly, the terrorist who killed four people as part of terrorism attacks that rocked Paris earlier this month, . . .

Donald Trump: 'I Will Take Full Credit' for Romney Dropping Out

Friday, 30 Jan 2015 22:11 PM

A week ago, just before and during the Iowa Freedom Summit, real estate mogul Donald Trump was quick to call out two-tim . . .

Report: Hezbollah Tunnels May Make Gaza's Look Like 'Child's Game'

Friday, 30 Jan 2015 21:58 PM

After uncovering a Hamas underground tunnel network in last summer's Gaza war, the Israeli military has turned its atten . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved