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Trafigura: Support of Iranian regime

Trafigura has ties to the Iranian nuclear program. Trafigura confirmed having traded raw alumina with Iralco – which also provides the Iranian nuclear program with aluminum – in exchange for aluminum in October 2011. Both companies claimed to have suspended their business agreements in response to the stricter European sanctions introduced in December 2012. However, in May 2013, U.N. experts described the Iralco deal as “a means of flouting restrictions on trade with Iran.”

Emma Farge (2013): “Second trading firm says it supplied Iranian firm linked to atomic work”, Reuters, 4 March.

Louis Charbonneau and Michelle Nichols (2013): “Exclusive: Glencore, Trafigura deals with Iran may have skirted sanctions – U.N.”, Reuters, 22 May.