US Targets Wellbred In Expanded Iran Sanctions Arabian Post
The measures designate Singapore-based Wellbred Capital Pte Ltd, UAE-based Wellbred Trading FZCO and Switzerland-based Wellbred Trading SA. La Nivernaise de Raffinage SAS, a French cooking-oil refinery controlled by Wellbred Trading SA, has also been placed under sanctions.
The action forms part of a broader campaign launched by the Trump administration on Monday, August 24, targeting nearly 60 individuals, companies and vessels connected with Iran's petroleum exports, missile and nuclear procurement, cyber operations and sanctions-evasion networks.
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