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Targeting Chinese and Emirati companies as imposed by the United States new Iran-related sanctions

by Ayaz Ahmet
July 3, 2023
in World
2 min read
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More than a dozen companies based in It was China, Hong Kong and the United Arab Emirates on Thursday hit By US sanctions, the defendants of Facilitate the sale of Iranian petrochemicals and petroleum products to buyers in East Asia.

The latest we move against The smuggling of Iranian oil comes as efforts to revive the 2015 Iran nuclear deal falter and relations between Tehran and the West grow increasingly strained as the Iranians persist. up opposite-government protests.

Washington has increasingly targeted Chinese companies over export of Petrochemicals in Iran as prospects of The revival of the nuclear pact has subsided.

US Treasury in A statement said 13 companies were identified on Thursday facilitated sales of hundreds of millions of dollar worth of Iranian petrochemicals and petroleum products to buyers in East Asia on In my name or for me of Companies subject to US sanctions, including the National Iranian Oil Company and Trillance Petrochemical Company Ltd.

Undersecretary of the Treasury for Brian Nelson said Terrorism and Financial Intelligence in Statement.

“The United States will continue to implement the sanctions against These actors facilitate these sales.”

Among the companies on the list are the United Arab Emirates and Hong Kong, which the Treasury Department has accused of Being associated with Trillance Petrochemical Company Limited, the latest Action targeting Washington what says It is a company headquartered in Hong Kong of US sanctions.

Also among those targeted is Dubai-based Access Technology Trading LLC, which has been accused by the Treasury Department of Purchasing petrochemicals from the Gulf Trading Company for Petrochemical Industry, subject to US sanctions. worth tens of millions of dollar for shipment to china.

East Asia Trading, Import and Export Company, based in China also on the list and with Washington accuses her of facilitate a shipment of oil for a foreign customer for The National Iranian Oil Company and its marketing arm.

Thursday move No United States freezes assets of Those identified and generally prevent Americans from dealing with they. those that participate in certain transactions with companies also risk Universe hit with Penalties.

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