US slapped sanctions on Oil trading firms of Switzerland and Netherland for dealing with Syria

Dec 18, 2014 15:14 IST

The United States (US) on 17 December 2014 slapped sanctions on oil trading firms of Netherland and Switzerland countries. These oil firms are Staroil B V of Netherlands and Rixo International Trading Ltd and Bluemarine SA of Switzerland.

The US Treasury put sanctions on the firms due to their dealings with the Government of Syria, which has been engaged in bloody civil war with rebel forces. As a result, these firms were effectively cut from the US financial system.

The US Treasury also put sanctions on several officials from the Syria-based firms, as well as on companies from Syria and another from the United Arab Emirates.

Is this article important for exams ? Yes10 People Agreed

Latest Videos

Register to get FREE updates

    All Fields Mandatory
  • (Ex:9123456789)
  • Please Select Your Interest
  • Please specify

  • ajax-loader
  • A verifcation code has been sent to
    your mobile number

    Please enter the verification code below

This website uses cookie or similar technologies, to enhance your browsing experience and provide personalised recommendations. By continuing to use our website, you agree to our Privacy Policy and Cookie Policy. OK