State Elaborates on Dettin, Goldentex Sanctions, Specifies Loan Bans

The State Department provided more information on sanctions imposed on the Italian company Dettin SpA and the United Arab Emirates-based Goldentex FZE, saying all U.S. loans to those companies are prohibited, as well as all other dealings. The two companies violated the U.S. sanctions regime on Iran, along with many other individuals and entities, the Obama administration said in late August (see 14082923). State specified that the Export-Import Bank is barred from providing any guarantees, insurances or extension of credit to Dettin SpA.