Commentary Mag. blog. 'Clinton Cash' and an Unprecedented Question
Newsweek says it has seen declarations and documents that show a series of shipments from Interpipe, Pinchuck’s company, to Iran in 2011 and 2012. The shipments include railway parts and products commonly used in the oil and gas sectors. For example, one invoice, in the amount of $1.8 million, was for “seamless hot-worked steel pipes for pipelines,” according to Newsweek.
Both the rail and oil and gas sectors are covered by U.S. government imposed sanctions. The sanctions prohibit any single invoice to the Iranian petrochemical industry worth more than $1 million.