This Week in Iran Policy - United States Department of State state.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from state.gov Daily Mail and Mail on Sunday newspapers.
By Daphne Psaledakis
WASHINGTON, Dec 16 (Reuters) – The United States on Wednesday imposed sanctions on companies based in China and the United Arab Emirates, accusing them of supporting the sale of Iranian petrochemicals as Washington increases pressure on Tehran in the closing days of President Donald Trump’s term.
The U.S. Treasury Department said in a statement it had blacklisted the four entities for facilitating the export of Iranian petrochemical products by Triliance Petrochemical Co. Ltd, which was hit with sanctions by Washington earlier this year.
Also targeted in the move was Vietnam Gas and Chemicals Transportation Corporation over its connection with significant transactions for the transport of petroleum products from Iran, the Treasury said.
US sanctions Chinese, UAE firms over Iranian petrochemical support freemalaysiatoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freemalaysiatoday.com Daily Mail and Mail on Sunday newspapers.
by Daria Bedenko
Dec. 16, 2020
The Trump administration has been targeting Iran with harsh economic sanctions under a so-called ‘maximum pressure’ campaign, labeling the Islamic republic as “the world’s leading state sponsor of terror”.
The US State Department on Wednesday imposed sanctions of a Vietnam gas and chemicals transportation company for “knowingly engaging […] in a significant transaction for the transport of petroleum products from Iran”, according to a statement.
“Today, the US imposed sanctions on five entities for knowingly engaging in the transport of Iranian petroleum or petrochemical products, whose revenue the regime uses to carry out its malign agenda. We will not relent in our pursuit of those who attempt to evade sanctions”, State Secretary Mike Pompeo tweeted, announcing the sanctions.
MICHAEL R. POMPEO, SECRETARY OF STATE
Petroleum and petrochemicals are major sources of revenue for the Iranian regime, revenue it employs to oppress the Iranian people and to advance its malign foreign agenda.
Today, the Department of State is imposing sanctions on Vietnam Gas and Chemicals Transportation Corporation, a vessel manager, pursuant to Executive Order (E.O.) 13846, for knowingly engaging, on or after November 5, 2018, in a significant transaction for the transport of petroleum products from Iran. The Department of State is also imposing sanctions pursuant to E.O. 13846 on the company’s Managing Director, Vo Ngoc Phung, for serving as a principal executive officer of the company.