The United States has imposed sanctions on three Surinamese companies—Strong Roots Provider, Glazing Future Management, and Engen Management—citing their alleged involvement in facilitating trade with Iran’s oil sector.
The move comes as part of a broader effort by Washington to target companies with links to the Iranian oil industry, following Iran’s October 1 missile attack on Israel, during which approximately 180 missiles were fired at the country.
The sanctions, announced under the Stop Harboring Iranian Petroleum Act, form part of the US Emergency Supplemental Appropriations for Fiscal Year 2024. This legislation allows for punitive measures against foreign individuals and entities involved in the trade of Iranian oil and petroleum products. Alongside Suriname, sanctions were also imposed on companies in India, Malaysia, and Hong Kong that reportedly assist in the sale and transport of Iranian oil.
According to US officials, the three Surinamese firms function as commercial managers for companies involved in the maritime transport of Iranian oil. The US Treasury and State Departments, tasked with enforcing these sanctions, stated that these actions are designed to limit Iran’s access to resources that could fund missile programs and terrorist activities.
Suriname’s Foreign Affairs, International Business, and International Cooperation Minister, Albert Ramdin, confirmed that the affected companies are registered in the country. However, he noted that the Surinamese government is still gathering information about its operations and potential involvement in the Iranian oil trade.
Ramdin emphasized that Suriname has not taken a stance on the US sanctions imposed on Iran, stating, “This is a matter for the United States of America. If these sanctions affect certain companies in their operations, then these companies will have to seek justice in America and file their complaints there.”
The Santokhi administration is currently conducting an investigation into the companies’ activities, though Ramdin mentioned that no formal approach has been made by the businesses regarding the sanctions. Reports suggest that the firms are engaged in international maritime transport with ships that do not dock in Suriname. Ramdin added, “We want to know exactly what kind of goods are being shipped, to which countries they are going, and where they are coming from,” and that the government is working with US authorities to obtain more information.
US Treasury Secretary Janet Yellen indicated that Washington is prepared to impose additional sanctions, stating, “We will not hesitate to take further measures to hold Iran accountable.” US National Security Advisor Jake Sullivan echoed this, saying the new sanctions aim to restrict Iran’s financial resources used to support missile programs and terrorist activities that pose a threat to the US and its allies.
The situation in Suriname remains fluid as the government continues its investigation into the matter.
