What does Belize have to do with Syria and ISIS? You might think, nothing at all…but today the Obama Administration blacklisted an offshore company registered in Belize because it is allegedly involved in backing Syrian President Bashar al-Assad. The U.S. Department of the Treasury's Office of Foreign Assets Control today designated four individuals and six entities for providing support to the Government of Syria.
According to international news reports, the state department has gathered information which says that a Syrian businessman described as a "middleman" facilitated oil purchases by the Syrian regime from the "Islamic State" terror group.
Now, bringing it back to Belize, one fo the six "the blacklisted entities" is an offshore company called KREMSONT COMMERCIAL INC. which is linked to Russian Mudalal KHURI. Kremsont is registered at suite 302 of the Blake Building at the corner of Eyre Street and Hutson Street, in Belize City. We called that office today but were told that no one could speak on behalf of Kremsont.
The Treasury Department says Khuri represents Syrian government interests in Russia.
Now, experts say the damage to Belize generally should be minimal since it is well known that these are only shell companies and the registered owners of these companies probably never set foot in Belize. As for the Belize Offshore Sector, that's already on life support - and this might only be pulling the plug.