Sanctions Policy

This policy applies to all employees, directors and officers, as well as contractors under PetroUSA’s direct supervision, working for a TradEx or FuelBank office or industrial asset directly or indirectly controlled or operated by PetroUSA worldwide. We assert our influence over joint ventures we don’t control or operate to encourage them to act in a manner consistent with the intent of this policy.

Our Commitment

The global nature of our business, and because Sanctions apply across borders, means the transactions or activities we engage in may be subject to Sanctions or other Restrictive Measures imposed by multiple government authorities. This includes those of Switzerland, the European Union (EU) and/or the United States (US), amongst others.

Government authorities impose Restrictive Measures for a variety of national security and foreign policy reasons, either unilaterally, based on United Nations (UN) Security Council resolutions, or other multilateral policy initiatives. Failure to address the risk of violations of these measures may undermine our reputation and lead to investigations, fines and/or other penalties for the company and/or individuals. This Sanctions Policy sets out PetroUSA’s approach to ensuring that we fully comply with all Sanctions, Export Controls and Trade Embargoes applicable to our business activities and that we appropriately manage associated risks.