×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: Iran Sanctions

Report: Treasury Approved US Business With Iran

Monday, 27 December 2010 01:31 PM

The New York Times reported 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 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Economy
The New York Times reported 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...
Iran Sanctions
130
2010-31-27
Monday, 27 December 2010 01:31 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Get Newsmax Text Alerts
TOP

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
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved