China-based oil co. settles alleged Iran sanctions violation

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China-based Yantai Jereh Oilfield Services Group Co Ltd (002353.SZ) has agreed to pay more than $2.7 million to settle 11 “apparent violations” of sanctions against Iran, the U.S. Treasury Department said on Wednesday. reports citing Reuters.

“The apparent violations involved the exportation or re-exportation, and attempted exportation or re-exportation of U.S.-origin goods ultimately intended for end-users in Iran by way of China,” the department said in a notice on its website.

2018.12.12 / 22:38
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