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Tue Feb 12, 2013, 09:33 AM

Washington imposes sanctions on Venezuela's Cavim for support to Iran


The measure aims to prevent Tehran from amassing weapons of mass destruction. The sanctions will be in effect for two years and will expire in February 2015. Along with Venezuela's Military Industries Company (Cavim), Washington imposed sanctions on Syrian entity Army Supply Bureau (ASB) and Sudanese entities Al-Zargaa Engineering Complex and SMT Engineering

The United States Government on Monday sanctioned Venezuela's Military Industries Company (Cavim), as well as other 12 foreign companies, including four Chinese firms, for the sale of arms and military technology to Iran, North Korea or Syria.

According to the US State Department, the companies violated the Iran Non-Proliferation Act of 2000, to which were added later Syria (2005) and North Korea (2006). The instrument aims to prevent any of these countries from acquiring weapons of mass destruction (WMD).

The State Department said in a statement that they have "credible" information indicating that these companies provided equipment or technology to Iran, North Korea, or Syria that could help them amass unconventional weapons or ballistic missile systems.

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