28 March 2012
Support our work: become a Friend of Statewatch from as little as £1/€1 per month.
EU-US relations
US "blacklists EU multinationals for trading with "State Sponsors of Terrorism"
On 28 June 2007 the US Securities and Exchange Commission published on its website lists of companies with business links with countries on the Department of State's list of states judged to sponsor terrorism (Iran, Cuba, Syria, North Korea and Sudan).
The lists of multinationals is based on information in their 2006 annual reports and contain many household names: HSBC, Royal Dutch Shell plc, Credit Suisse Group, HSBC Holdings, Reuters Group PLC /ADR/, Siemens Aktiengesellschaft, Telecom Italia SA, Unilever N.V., Unilever PLC, ABN AMRO Holding NV, Aktiebolaget Volvo, Benetton Group S.p.A., BP PLC, Deutsche Bank Aktiengesellschaft, Fiat S.p.A., Reuters Group PLC /ADR/, Unilever N.V., Unilever PLC, Air France-KLM, Cadbury Schweppes Public Ltd Co.
EU companies it is said have expressed a good deal of disquiet about this US move and regard it as a "blacklist". The Commission is taking up the issue in the EU-US Task Force meetings.
Countries the Secretary of State Has Designated as State Sponsors of Terrorism (link) The 2006 annual report of each company listed here contains some reference to business relating to listed countries:
- Cuba: 29 companies
- Iran: 57 companies
- North Korea: 8 companies
- Sudan: 35 companies
- Syria: 24 companies
Statewatch News online | Join Statewatch news e-mail list | EU research resources: Joint online subscription
© Statewatch ISSN 1756-851X.Material may be used providing the source is acknowledged.Statewatch does not have a corporate view, nor does it seek to create one, the views expressed are those of the author. Statewatch is not responsible for the content of external websites and inclusion of a link does not constitute an endorsement.
Spotted an error? If you've spotted a problem with this page, just click once to let us know.
Statewatch does not have a corporate view, nor does it seek to create one, the views expressed are those of the author. Statewatch is not responsible for the content of external websites and inclusion of a link does not constitute an endorsement. Registered UK charity number: 1154784. Registered UK company number: 08480724. Registered company name: The Libertarian Research & Education Trust. Registered office: MayDay Rooms, 88 Fleet Street, London EC4Y 1DH. © Statewatch ISSN 1756-851X. Personal usage as private individuals "fair dealing" is allowed. We also welcome links to material on our site. Usage by those working for organisations is allowed only if the organisation holds an appropriate licence from the relevant reprographic rights organisation (eg: Copyright Licensing Agency in the UK) with such usage being subject to the terms and conditions of that licence and to local copyright law.