US blacklists Fujairah-based Sambouk Shipping
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US blacklists Fujairah-based Sambouk Shipping

US blacklists Fujairah-based Sambouk Shipping

The US Treasury Department has blacklisted Fujairah-based Sambouk Shipping FZC for helping Iran evade sanctions on oil sales, Reuters has reported. The company is tied to Dimitris Cambis, a Greek businessman the department sanctioned in March, saying he secretly operated a shipping network on behalf of Tehran to evade sanctions on Iran's oil sales. Cambis used the recently formed Sambouk Shipping to manage eight vessels he operates on behalf of the National Iranian Tanker Co, the department said. The ships have been used to execute ship-to-ship transfers of Iranian oil in the Arabian Gulf intended to obscure the origin of the oil, it said.

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