US hits Belarus firm with Iran-related sanctions

The United States has imposed sanctions against a state-owned energy company in Belarus for a $500 million investment with an Iranian firm accused of contributing to Iran's suspect nuclear program.

The State Department said Tuesday it has hit Belarusneft with penalties that cut its access to US markets over a 2007 contract it signed with NaftIran Intertrade Company to develop Iran's Jofeir oilfield. The penalties include a ban on US export licenses, loans and government contracts. (AP)