U.S. Sanctions Businessman For Helping Syria Buy Oil From Islamic State


The United States sanctioned four individuals, including a Syrian-Russian businessman, and six companies for helping the Syrian government in buying oil from the Islamic State of Iraq and the Levant (ISIL).

The Department of the Treasury said in a statement that U.S. nationals are prohibited from doing business with these designated entities.

“The Syrian government is responsible for widespread brutality and violence against its own people,” Adam J. Szubin, acting Under Secretary for Terrorism and Financial Intelligence, stated. “The United States will continue targeting the finances of all those enabling Assad to continue inflicting violence on the Syrian people.”

The Treasury sanctioned George Haswani, who is a Syrian businessman who serves as a middleman for oil purchases by the Syrian regime from ISIL. He was accused of facilitating oil trades between Syria and ISIL using his HESCO Engineering and Construction Company (HESCO), which operates energy production facilities in Syria, reportedly in areas controlled by ISIL. The company was blacklisted by the European Union (EU) in March this year.

Among those blacklisted persons is Kirsan Ilyumzhinov, a Russian businessman, former president of the Russian Republic of Kalmykia, and World Chess Federation president.

Further, the Treasury sanctioned Mudalal Khuri, who was assisted or acted on behalf of the Syrian government, its central bank, and represents Syrian government interests in Russia.

The U.S. also blacklisted Russian Financial Alliance Bank, which is being controlled or owned by Khuri and Ilyumzhinov.

The Treasury also sanctioned Primax Business Consultants Limited, Hudsotrade Limited, and Ezegoo Investments Ltd. For their associations and involvement in oil trade.

Among blacklisted businesses is Kremsont Commercial Inc. for being owned or controlled by Khuri and acting for or on behalf of the Syrian government. Kremsont is a Belizean front company whose director is Russia-based Syrian businessman Khuri.

According to the officials, buying oil from Islamic State would strengthen the organization, which is a big threat to the world’s peace.


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