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US Gives $107B in Contracts to Firms Busting Iran Sanctions

The New York Times reports the federal government has given more than $107 billion to companies which are also doing business with Iran despite a ban on US companies trading with Iran. An analysis of federal records and company reports reveals that seventy-four companies have done business with both the US government and Iran since 2000. The list includes Halliburton, Shell, BP, Caterpillar and Exxon Mobil. Many of the companies skirted the law by setting up foreign subsidiaries.