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

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

Dec 18, 2014 15:14 IST
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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.

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