Aletho News


South African telecom to face US sanctions over Iran, Syria operations

Press TV – May 2, 2012

Africa’s largest mobile telecommunications company, the MTN Group, is reportedly in danger of being subjected to sanctions by the United States over its telecom activities in Iran and Syria.

According to a report published by the South Africa-based Mail and Guardian newspaper on April 30, US President Barack Obama issued an executive order last week that allowed American authorities for the first time to impose sanctions on individuals or entities providing technological services to Iran and Syria.

Under the order, the new sanctions would include a US visa ban and financial restrictions against agencies and individuals.

The South Africa-based MTN Group had announced in early March that it had no plans to abandon its operations in Iran despite facing difficulties over the US-led sanctions against Tehran.

“We are guided by [the] South African government policies internationally, in the same way US companies are prohibited from doing business in Iran. Unless the government says (otherwise), we will just have to manage,” the company’s boss Sifiso Dabengwa said.

The United States has already subjected to sanctions foreign entities that are in various forms of business with Iran.

On March 30, US President Barack Obama gave the green light for the previously-announced sanctions against foreign banks and other financial institutions by or through which Iran’s oil is purchased.

May 2, 2012 - Posted by | Economics, Progressive Hypocrite, Wars for Israel | , ,

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