Goods giant jia can provide tens of millions of tons of alumina, aluminum Iran's nuclear program of Iran's company, intelligence and diplomatic sources told Reuters.
Previously unpublished barter arrangement between, is the world's largest commodity traders jia will and Iran aluminum company (Iralco) that the western powers to curb Iran's ability, and other parts of the world trade is how difficult. Even in the west and Iran do business bank strict restrictions, u.n. diplomats said Iran constantly looking for new ways to do business are interested partners.
Reuters first know that Glencore trucking Iralco trading, and aluminum supply contract, Iralco with Iran centrifuge technology co., LTD. (TESA), from early November western diplomatic sources. This is about 6 weeks ago, the European Union in December 2012 decided to impose sanctions to Iralco of TESA, this is Iran's atomic energy agency (AEOI) of subsidiary company supply aluminum metal.
Source display Reuters western intelligence report, the relevant Glencore arrangement, the Iralco. It describes how to Zurich, Switzerland's fine can provide tens of millions of tons of alumina last year Iralco and communication of a small amount of aluminum metal. The United Nations diplomat also confirmed the authenticity of the report.
At present still don't know if there is any Iralco Glencore by from the alumina raw materials to produce aluminum TESA over. Iran's nuclear a part of the organization, TESA has been under UN sanctions, since 2006.
Jia can can be in a statement to Reuters said it first heard of the TESA - Iralco relationship in December and immediately "stop trading" Iralco. It says, the actual trade barter arrangement of a part, is in October 2012, 2 months ago, the European Union.
Jia can admit it signed the barter trade and Iralco in August 2011, saying that it was completely legal, and deny any improper behavior of the company or an attempt to help Iran around sanctions. It refuses to provide detailed information about barter trade, in which the value is still not clear.
Iralco comments through email request didn't respond. Iran said the UN mission in kosovo, this is no comment on the position.
Iran denies western powers and their Allies, it is seeking nuclear weapons, and refused to stop enriching uranium charges. Therefore, in addition to four wheel the United Nations sanctions, Iran has face more severe the United States and the European Union measures, especially for financial and energy sector.
Aluminum tube
Aluminum can be used to enrich uranium gas centrifuge aluminum tube, although most of the relatively new gas centrifuge is made from carbon composite material. Aluminium can also be used to from cars to plane, buildings and tank.
Glencore supply Iralco and about 5 tons, Glencore returns receiving each production a ton of alumina, aluminum according to intelligence report. , the average only need about two tons of alumina production a ton of aluminum, swop deal may Iralco more aluminium treatment provided to jia will alumina ratio.
Iralco inside Iran cover costs, and involved in foreign currency payment by all the activities include Glencore, including freight and insurance, according to intelligence report.
, jia can can be in its statement said: ", jia can conform to the applicable laws and regulations, including applicable sanctions. We monitor all the new law development, to ensure that we continue in accordance with the applicable laws and regulations, including applicable sanctions."
The company said, alumina and aluminum is not prohibited commodities under the sanctions, bartering is one of the oldest and most transparent trade form and acceptable method in metal business.
Swiss authorities say that they don't see any evidence of the United Nations or by Glencore Swiss violation of sanctions. Iralco is in the United States or the United Nations sanctions.
Intelligence report described in jia can tradable Tehran around global financial restrictions, although it did not say, the violation of sanctions can can be a good method.
OFF THE GRID
A United Nations panel has repeatedly reported the United Nations security council, Iran has learned to avoid sanctions shell company and intermediary organizations aid and clique's friendly countries. But it has become very difficult Iranian companies make or accept payment abroad because of sanctions against Iran bank - including the central bank - and banning Iranian from international bank clearing house SWIFT.
Barter transaction the attraction, the payment for goods, not money, trade keep international financial power grid, is the government tried to curb Iran's nuclear program is unlikely to be found.
"From Iran's point of view, business provides the exchange protocol (and Glencore) provides a model can copy trade in a range of goods, it needs to reach a similar agreement with other foreign company's business interests, but in the present case, don't want to deal with Iran's" intelligence report says. "Each party benefit from trade agreement, and through the inevitable contact with the third party of the risk of exposure is greatly reduced.
The eu says that in December Iralco on sanctions, because the alleged "assist designated units in violation of the provisions of these measures the United Nations and the European Union sanctions on Iran's direct support Iran diffusion sensitive nuclear activities. The eu says that Iralco aluminum supply contract from the middle of 2012 to Iran's centrifuge company TESA, according to the official announcement of the sanctions.
According to informed sources to Glencore said, the Iralco last 9 Glencore's alumina delivery, and fine can be able to receive it from October Iralco in the last delivery of aluminum.
This personage declined comment when asked if the company continue to do other business with Iran. Jia can declare end its fuel sales in January 2010 to Iran, in order to avoid violation of U.S. sanctions.
dispute
The Treasury refused to comment on specific Glencore trading Iralco, although the ministry of finance official told Reuters July 1st, under the new rules, offer Iran alumina can facing the U.S. system
 



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