Bloomberg the Company & Products

Bloomberg Anywhere Login


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

U.S. Treasury Targets Shipping Company Over Iran Oil Sanctions

May 9 (Bloomberg) -- The U.S. Treasury Department said today it is sanctioning Sambouk Shipping FZC for attempting to evade international restrictions on Iranian oil.

The company is tied to Greek businessman Dimitris Cambis, who along with a network of front companies, was previously sanctioned in March 14, the department said.

“In an attempt to continue his scheme, Dr. Cambis is using the recently formed Sambouk Shipping to manage eight of the vessels that he operates on behalf of the National Iranian Tanker Co.,” the Treasury said in an e-mailed statement.  “These vessels have been used to execute ship-to-ship transfers of Iranian oil in the Persian Gulf.”

“These transfers are intended to facilitate deceptive sales of Iranian oil by obscuring the origin of that oil,” according to the department.

David S. Cohen, Treasury undersecretary for terrorism and financial intelligence, said in a statement that “as long as Iran tries to evade our sanctions, we will continue to expose their deceptive maneuvers.”

The Treasury Department also imposed sanctions against Iranian Venezuelan Bi-National Bank, “for engaging in financial transactions on behalf of the previously sanctioned Export Development Bank of Iran.”

To contact the reporter on this story: Meera Louis in Washington at

To contact the editor responsible for this story: Chris Wellisz at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.