Markel

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U.S. imposes sanctions on Armenian and Georgian companies for Iran links

Risk Level:
99% May harm your business future; Persons or entities that engage in transactions with this entity will be exposed to sanctions or subject to an enforcement action;

Working with this entity means supporting Iranian Regime, Regime Terrorist Activities & development of WMD

Status:
Top Alert – Entity designated / sanctioned for terror, WMD and human rights violation

Info:
Markel has obtained CCL items that were reexported without the required BIS licenses, and the President of Markel CJSC has been engaged in a business relationship with a sanctioned Iranian organization;

According to their official website, official partner of Markel is Yerevan Telecommunications Research Institute;

Also Known As:
Markel CJSC
Markel Closed Joint Stock Company

Industry:
Telecommunications Industry

Country:
Armenia

Address:
Yerevan

Person of interests:
Director: Mher Markosyan

Reason for the color:
» Added on 08/14/2019 to the U.S. Department of Commerce’s Entity List of end users subject to heightened export license requirements due to involvement in proliferation activities or other activities of national security concern;