Glencore and Trafigura may have supplied Iran's nuclear programme
- Editor
- May 23, 2013
- 1 min read
Summary: A 2013 UN report raised concerns that Glencore and Trafigura may have breached international sanctions by supplying aluminium oxide to Iralco, an Iranian company linked to Iran’s nuclear programme. Glencore acknowledged that some shipments ended up with Iralco, which had supplied materials to the Atomic Energy Organisation of Iran (AEOI). Trafigura also admitted trading with Iralco but claimed all deals occurred before EU sanctions on the company were enforced in December 2012. The UN report highlighted Iran’s complex procurement strategies to bypass sanctions and called on member states to exercise greater vigilance. Both companies insisted on their compliance with international regulations, but the trades prompted heightened scrutiny and diplomatic concern. The report itself was confidential and its publication faced internal resistance from the UN Security Council.
Source: The Guardian
