Ferland Company Limited

Status:
Medium Alert – Entity sanctioned in the past for terror, WMD and human rights violation

Also Known As:
Ferland Co. Ltd

Country:
Cyprus
Ukraine

Address:
29 A Anna Komnini St., PO Box 2303, Nicosia, Cyprus
5/7 Sabaneyev Most., Odessa, Ukraine

Person of interests:
Vitaly Sokolenko

Reason for the color:
» Ferland Company Limited was designated today pursuant to E.O. 13645 for providing material support to NITC. Representatives from Ferland Company Limited and NITC were involved in the ship-to-ship transfer of Iranian crude oil in March 2013. Ferland Company Limited facilitated deceptive transactions for or on behalf of NITC. Treasury previously imposed sanctions on Ferland Company Limited pursuant to E.O. 13608, which targets foreign sanctions evaders, for facilitating deceptive transactions for or on behalf of NITC;
» In March 2013, Ferland and NITC cooperated in a scheme to sell Iranian crude oil deceptively in order to help Iran evade international sanctions which also involved a vessel owned by Dimitris Cambis. The scheme involved ship-to-ship transfers of oil between three oil tankers: Blackstone, a NITC vessel, Zap, a vessel controlled by Dimitris Cambis, and Aldawha, which was chartered by Ferland;
» Removed from the SDN list in January 2016 as part of the Joint Comprehensive Plan of Action;
» U.S. imposes sanctions on Iran’s petrochemical industry

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