Response: "at the core of Sberbank's business decisions is a comprehensive and scrupulous process analyzing the bans and limitations in place regarding Iran" (May 30, 2017)
On September 16, 2008, Mosenergo was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Mosenergo remains on the SBA list of prohibited investments.
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Mosenergo is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.
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On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed Mosenergo on its scrutinized companies Iran/Sudan list.
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In 2020, the U.S. state of Mississippi listed Mosenergo on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.
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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Mosenergo on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector.”
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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. Mosenergo is included on this list
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As of December 31, 2019, the Alaska Retirement Management Board lists Mosenergo as a company doing material business with Iran.
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Mosenergo is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.
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Mosenergo is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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Mosenergo is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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On March 13, 2019, the Mississippi Department of Finance & Administration identified Mosenergo as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran.
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In 2017 the U.S. states of Alaska, Florida, Mississippi, Texas listed Mosenergo on its list of companies doing material business with Iran rendering Mosenergo ineligible for investment and/or state contracting.
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In 2018 the U.S. state of Ohio listed Mosenergo on its list of companies doing material business with Iran rendering Mosnergo ineligible for investment and/or state contracting.
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In 2013, 2014, 2015, 2016 and 2017 Mosenergo was listed on the Texas Pension Review Board List of Scrutinized Companies doing business in Iran pursuant to Chapter 807.054, Government Code.
"The Central Bank of Iran (CBI) and Export Insurance Agency of Russia (EXIAR) have signed a memorandum of understanding (MoU) to finance joint projects between the two countries." (October 16, 2017)
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" Russian Agency for Export Credit and Investment Insurance, known as Exiar, signed a memorandum of understanding (MOU) with the Islamic Republic of Iran Railways, known as RAI, to provide €3 billion finance on the joint manufacturing of railway wagons and locomotives." (December 18, 2017)
As of August 15, 2019, the state of Iowa listed Inter Rao on its Iran scrutinized companies list.
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In 2018 the U.S. state of Iowa listed Inter Rao on its Iran prohibited companies list rendering Inter Rao ineligible for investment and/or state contracting.
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"Inter RAO – Export LLC and the Khuzestan Water & Power Authority of the Islamic Republic of Iran have signed a Memorandum of Understanding on a project to expand the Dez hydropower plant by 720 MW, which involves the construction of an additional turbine hall," the company said in a press release. Inter RAO — Export, which is a subsidiary of Inter RAO, a public joint-stock company, undertakes projects abroad as a contractor. Under the two memorandums, the company will be in charge of drawing up technical and commercial proposals for the projects, it was noted in the statement." (March 2016)
"In response to your request dated August 26, 2020, we inform you that the Group Inter RAO has not sold and is not currently implementing any projects on the territory of the Islamic Republic of Iran. In addition, today day there are no documents that oblige the Inter RAO Group participate in the development or implementation of projects in conjunction with private or state-owned companies of Iran." (9/16/2020)
On September 16, 2008, Gazprom Neft was added to the Florida State Board of Administration List of Prohibited Investments (Scrutinized Companies) due to its involvement in Iran. As of March 9, 2021, Gazprom Neft remains on the SBA list of prohibited investments.
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Gazprom Neft is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.
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In 2020, the U.S. state of Mississippi listed Gazprom Neft on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering it ineligible for investment and/or state contracting.
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On June 1, 2020, the Ohio Police & Fire Pension Fund (“OP&F”) listed Gazprom Neft on its scrutinized companies Iran/Sudan list.On September 24, 2008, OP&F adopted an Iran and Sudan Divestment Policy, which notes, “[t]he purpose of this Policy is to divest and restrict the purchase of stocks and bonds (“direct holdings”) issued by a publicly traded Company… with “scrutinized active business operations” in Iran and Sudan.”
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As of May 28, 2020, the Florida State Board of Administration (“SBA”) continues to list Gazprom Neft on its list of “Scrutinized companies with Activities in the Iran Petroleum Energy Sector
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On January 20, 2020, Minnesota SBI listed Gazprom Neft as a scrutinized investment. The managers are explicitly instructed to refrain from purchasing securities on this list.
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On January 13, 2020, the South Dakota Investment Council submitted a report to the Executive Board of the Legislative Research Council regarding compliance with SDCL 4-5-48 to 4-5-60, Iran Divestiture. Included in this report is an Iran Scrutinized Companies list of all prohibited investments for which the internal managers and direct external managers are instructed not to purchase any company on the list. Gazprom Neft is included on this list
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As of December 31, 2019, the Alaska Retirement Management Board lists Gazprom Neft as a company doing material business with Iran.
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Gazprom Neft is listed on the June 4, 2019 and July 12, 2019 Florida State Board of Administration list of prohibited investments (Scrutinized companies) for Iran related business.
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Gazprom Neft is listed on the June 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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On March 13, 2019, the Mississippi Department of Finance & Administration identified Gazprom Neft as a company “engaged in investment activities in Iran, providing funds, goods or services valued at $20,000,000 or more in the energy sector of Iran."
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Gazprom Neft is listed on the March 2019 Alaska Retirement Management Board, Companies Doing Material Business with Iran list.
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In 2018 the U.S. state of Ohio listed Gazprom Neft on its Iran prohibited companies list rendering Gazprom neft ineligible for investment and/or state contracting.
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Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday. The presentation took place in a meeting in Tehran between Gazprom Neft executives and National Iranian Oil Company officials led by deputy chief Gholamreza Manouchehri, the NIOC news portal reported. (December 20, 2017).
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In 2017 the U.S. states of Alaska, Florida, Mississippi lists Gazprom Neft on its list of companies doing material business with Iran rendering Gazprom Neft ineligible for investment and/or state contracting.
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"Gazprom Neft, the oil division of Russian gas major Gazprom, presented its development plan for Iran's Azar and Changuleh oilfields on Monday....The two companies signed a memorandum of understanding in July in the Russian city of St. Petersburg to join forces for conducting the assessment of geological potentials of Changuleh and Azar in Ilam Province." (December 2017)
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"Gazprom Neft has signed a Memorandum of Understanding with Iran’s Oil Industries’ Engineering & Construction (OIEC) confirming both companies’ mutual interest in combining forces in the preliminary assessment and investigation of the geological potential of oil fields located in the Islamic Republic of Iran. The document was signed by First Deputy CEO, Gazprom Neft, Vadim Yakovlev and OIEC CEO Behzad Mohammadi." (July 2017)
At its meeting on February 16, 2021, the Board of Trustees of Maryland State Retirement and Pension System determined that Gaz Capital is not eligible for investment as a result of oil-related activity in Iran.
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Gaz Capital is listed on the 4Q 2020 Minnesota State Board of Investment List of Unauthorized (Scrutinized) Iran Companies.
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In 2018 the U.S. state of Ohio listed Gaz Capital S.A .on its Iran prohibited companies list rendering Gaz Capital S.A. ineligible for investment and/or state contracting.
In April 2016, ChelPipe began “applying for participation in tenders and undergoing product certification for supplies to Iran, after international trading sanctions on the country.” (Steel First, “Russia's ChelPipe looking for ways in to Iran market,” 4/27/2016).
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We also note ChelPipe’s attendance at the 21st Iran Oil Show in Tehran on May 5, 2016. (ChelPipe website, “ChelPipe Group Participates in the International Iran Oil Show in Tehran,” 6/5/2016).
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In June 2015, discussing the possibility that the U.S. and European sanctions against Iran might be lifted, a ChelPipe official said, “[i]f events develop under this scenario, ChelPipe will restore the amount of supplies to this country to the pre-sanctions level.” (Prime Business News Agency, “Russia’s ChelPipe to restore exports to Iran if sanctions lifted,” 4/6/2015).
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Furthermore, ChelPipe “will restore the volumes of exports Iran, which traditionally stood at 30,000 tonnes, once the E.U. and the U.S. lift sanctions.” (Id.).
In 2020, the U.S. state of Mississippi listed Bank Torgovoy on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Bank Torgovoy ineligible for investment and/or state contracting.
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In 2017, the U.S. state of Mississippi listed Bank Torgovoy on its state lists of Companies Doing Business with the Iranian Petroleum/Natural Gas, Nuclear and Military Sectors, rendering Bank Torgovoy ineligible for investment and/or state contracting.
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Bank Tejarat holds 99.37% of the bank's shares; member of a banking group with Persia International Bank PLC. and Europaisch-Iranische Handelsbank AG; shares an address with Priorbank; has official representatives in Kiev, Ukraine and in Tehran, Iran.
"Russia’s UAZ auto company, which announced its entry into the Iranian market during the Tehran Auto Show in February, is to begin production in Iran in 2018, according to a company representative in Moscow." (March 5, 2017).
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"Andrey Dorofeev, UAZ Export Sales Director, was quoted by media as saying that the company first needs to assess the capacity of the Iranian market and the demand for its products before beginning manufacturing. "The Iranian automobile industry is well-developed and the government protects it with hefty import taxes," Dorofeev told Sputnik news agency. "So in order to achieve a significant sales volume, it is necessary to assemble cars on Iranian territory. But in order to understand the needs of the local customers, first it is necessary to begin supplying already-manufactured cars. We, along with our distributors, are ready to begin this process after the certification," he added. The necessary arrangements for the move, along with the signing of several pertinent contracts, were made during the Iran Auto Show 2017, an international expo which was held in Tehran in February, Sputnik added." (Press TV, "Russia to Produce Patriot SUVs In Iran," 3/12/2017).
"INTECO IS PLEASED WITH THE FIRST MELT AT IDRO HEAVY FOUNDRY & FORGING, IRAN"
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"Russia’s INTECO Chairman and CEO Harald Holzgruber as well as Market Analyst in Turkish Steel Exporters Association Cihan Akdeniz were foreign guests who presented lectures on the opening day of ISMC 2017...Several steel giants, including Italy’s Danieli, Spain’s Sarralle Equipos Siderogicos, Germany’s SMS Group and Russia’s INTECO, have been actively participating in the Iranian industry though they seek to bolster ties with Iran. " (Mehr News Agency, "Iran's Steel Market in 'New Normal' Era," 2/17/2017).
Eye on Iran is a news summary from United Against Nuclear Iran (UANI), a section 501(c)(3) organization. Eye on Iran is available to subscribers on a daily basis or weekly basis.