Info:
The U.S. Department of State imposed sanctions, pursuant to E.O. 13846 on Reza Ebadzadeh Semnani – Director of Main Street 1095;
Main Street 1095 Pty Ltd provides financial services. The Company offers investment management and other financial services. Main Street 1095 serves clients throughout South Africa;
The U.S. Department of State imposed sanctions, pursuant to E.O. 13846, on the South African company – Main Street 1095, which owns or controls SPI International Proprietary Limited and had knowledge of its sanctionable activities.
SPI International Proprietary Ltd (SPII) as the leading of Chemical & Petrochemical Marketing and Distribution Company is incorporated in South Africa in 1966, owned by SATA Investment Co. (SHASTAN) which is the 3rd largest Pension Funds in Iran;
On March 18, the U.S. Department of State imposed sanctions, pursuant to Executive Order (E.O.) 13846, on SPI International Proprietary for knowingly engaging in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petrochemical products from Iran. SPI International Proprietary provide revenue to the regime that it may use to fund terror and other destabilizing activities, such as the recent rocket attacks on Iraqi and Coalition forces located at Camp Taji in Iraq. U.S. sanctions will deprive the regime of critical income from its petrochemical industry and further Iran’s economic and diplomatic isolation. The United States will continue to fully enforce sanctions;
Industry:
Financial Services
Also Known As:
Reza Ebadzadeh Semnani
Country:
South Africa
Reason for the color:
» Added to the U.S. Department of State on March 18, 2020 – Sanctions on Entities Trading in or Transporting Iranian Petrochemicals;