Identifier
Created
Classification
Origin
07JAKARTA3472
2007-12-27 09:21:00
CONFIDENTIAL
Embassy Jakarta
Cable title:
IRAN FINANCIAL SANCTIONS: TRADING CAR PARTS FOR
how-toVZCZCXRO0072 PP RUEHCHI RUEHCN RUEHDT RUEHHM DE RUEHJA #3472 3610921 ZNY CCCCC ZZH P 270921Z DEC 07 FM AMEMBASSY JAKARTA TO RUEHC/SECSTATE WASHDC PRIORITY 7507 INFO RUEHZS/ASSOCIATION OF SOUTHEAST ASIAN NATIONS PRIORITY RUEHGG/UN SECURITY COUNCIL COLLECTIVE PRIORITY RUEHAD/AMEMBASSY ABU DHABI PRIORITY 0328 RUEHBY/AMEMBASSY CANBERRA PRIORITY 1819 RUEHLO/AMEMBASSY LONDON PRIORITY 0838 RUEHKO/AMEMBASSY TOKYO PRIORITY 1363 RUEAIIA/CIA WASHDC PRIORITY RHHJJPI/USPACOM HONOLULU HI PRIORITY RHEHNSC/NSC WASHDC PRIORITY
C O N F I D E N T I A L JAKARTA 003472
SIPDIS
SIPDIS
DEPT FOR EAP, EAP/MTS, EAP/MLS, NEA/I, EB/ESC/TFS
TREASURY FOR OFAC, OIA, AND TFFC
E.O. 12958: DECL: 12/26/2017
TAGS: ETRD KFTN EFIN ID IR
SUBJECT: IRAN FINANCIAL SANCTIONS: TRADING CAR PARTS FOR
ASPHALT
Classified By: Economic Counselor Peter Haas for reasons 1.4 (b) and (d
)
(C) Indonesia's leading car parts manufacturer PT Astra
Otoparts supplies automobile parts to companies in Iran in
exchange for asphalt to get around financial sanctions
according to company director Eko Haryanto. Haryanto told us
that this trade was originally conducted in U.S. dollars.
After the U.S. imposed restrictions on the Iranian
state-owned Bank Saderat and other banks, Astra began
denominating its contracts with Iranian importers in euro.
Once European countries began imposing their own sanctions,
Astra decided to switch to barter trade. Haryanto said that
Indonesia cannot meet its own domestic asphalt needs, making
imports essential. Haryanto added that Iranian business
people he knows are very critical of Iranian President
Ahmadinejad.
HUME
SIPDIS
SIPDIS
DEPT FOR EAP, EAP/MTS, EAP/MLS, NEA/I, EB/ESC/TFS
TREASURY FOR OFAC, OIA, AND TFFC
E.O. 12958: DECL: 12/26/2017
TAGS: ETRD KFTN EFIN ID IR
SUBJECT: IRAN FINANCIAL SANCTIONS: TRADING CAR PARTS FOR
ASPHALT
Classified By: Economic Counselor Peter Haas for reasons 1.4 (b) and (d
)
(C) Indonesia's leading car parts manufacturer PT Astra
Otoparts supplies automobile parts to companies in Iran in
exchange for asphalt to get around financial sanctions
according to company director Eko Haryanto. Haryanto told us
that this trade was originally conducted in U.S. dollars.
After the U.S. imposed restrictions on the Iranian
state-owned Bank Saderat and other banks, Astra began
denominating its contracts with Iranian importers in euro.
Once European countries began imposing their own sanctions,
Astra decided to switch to barter trade. Haryanto said that
Indonesia cannot meet its own domestic asphalt needs, making
imports essential. Haryanto added that Iranian business
people he knows are very critical of Iranian President
Ahmadinejad.
HUME