The United States hit the Greek shipowner: The Ministry of Finance imposed sanctions against Antonios Margaritis and his companies for Iranian oil. Dozens of ships around the world fell under the blow.
Washington again took out a sanctions hammer – This time he fell upon the famous Greek shipowner Antonios Margaritis And the whole network of his companies accused of promoting the export of Iranian oil. According to the US Treasury, we are talking About the “shadow fleet” of Tehran.
On Thursday, the Office for Control of Foreign Assets (OFAC) announced that “inflicting another blow to Iranian exports”, introducing Margaritis on the black lists of Margaritis, several of his companies and almost a dozen ships. In the official press release, the head of the US Department Scott immigrant declared: “Today’s measures against Margaritis and its network are weakened by Tehran’s ability to finance armed programs, support terrorists and threaten our military and allies”.
Who was hit
The sanctions were affected Marant shipping and trading SA (Greece and Marshalls of the island), as well as Square Tanker Management Ltd., Comford Management SA, United Chartering SA And Cristobal Marine Corp..
The black list also includes:
- UAE: Ozarka Shipping – FZCO and three of her vessels;
- Marshalls of the island: Changbai Glory Shipping Limited and one ship;
- British Virgin Islands: Regal Liberty Limited and one ship;
- Hong Kong (PRC): U Beacon Shipping Co., Limited, Hong Kong Hangshun Shipping Limited, ARS SHIPPING LIMITED and three ships.
What does “under sanctions” mean
The sanctions are provided freezing of all property and assets in the United States, a ban on any transactions with American citizens and companies. Moreover, structures automatically fall under the blow, where the share of sunsances exceeds 50%. Violators are threatened with criminal cases.
Thus, Washington not only blocks the business of one Greek shipowner, but sends a signal to the whole shipping world: “Work with Iran = End of Business.” However, the question remains open – whether such measures really stop the export of Tehran or only more strengthen his ties with China, Russia and the “third flags”?
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