Two Armenian Entities Blacklisted by US Department of Commerce

• 08.14.2019, 12:12
•  America,  World,  Armenia

tsn.ua

The US Department of Commerce blacklisted two Armenian entities. A document published in preliminary mode on the website of the US Federal Register contains information on this.  

According to the document, the decision to impose restrictions on "Markel" CJSC and "Yerevan Telecommunications Research Institute" (YETRI) CJSC was made because YETRI CJSC has obtained CCL items that were reexported without the required BIS licenses, and the person who is both Executive Director of YETRI CJSC and President of Markel CJSC has been engaged in a business relationship with a sanctioned Iranian organization.” The document will be officially published on August 14.

Along with the Armenian entities, fifteen entities from Russia, Belgium, the UK, Georgia, Canada, China and Hong Kong, Malaysia, the Netherlands and the UAE were also added to the list, news.am reported.