UPDATE 3-U.S. blacklists Chinese, UAE-based companies over sale of Iranian petrochemicals Reuters 12/16/2020
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.
UPDATE 1-U S blacklists Chinese, UAE-based companies over sale of Iranian petrochemicals
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Sanctioning Supporters of Iran s Petroleum and Petrochemical Sectors - 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.
Print this page WASHINGTON - 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 Wednesday s move, which comes amid a slew of sanctions announced by Washington, was Vietnam Gas and Chemicals Transportation Corporation over its connection with significant transactions for the transport of petroleum products from Iran, the Treasury said.
December 16, 2020
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities for facilitating the export of Iranian petrochemical products by Triliance Petrochemical Co. Ltd. (Triliance), an entity designated by Treasury in January 2020. These China- and United Arab Emirates-based companies have provided Triliance with critical shipping services or conducted financial transactions on behalf of the company, enabling Triliance to continue brokering and moving Iranian petrochemical exports. Iranian petrochemical sales are an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad.