Live Breaking News & Updates on Alpha Tech Trading|Page 3
Stay updated with breaking news from Alpha tech trading. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
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. ....
Chinese, Emirati companies sanctioned for exporting Iran petrochemicals thestandard.com.hk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestandard.com.hk Daily Mail and Mail on Sunday newspapers.
US Sanctions Chinese, UAE-Based Companies Over Sale of Iranian Petrochemicals The United States on Dec. 16 said it has imposed sanctions on several companies that have been involved in the export of Iranian petrochemical products, accusing them of financing Iran’s Islamic Revolutionary Guard Corps-Qods Force and its terrorist proxies. The U.S. Department of Treasury said in a press release that it clamped down on United Arab Emirates-based companies Alpha Tech Trading FZE and Petroliance Trading FZE; and Chinese-based companies Donghai International Ship Management Ltd. and Petrochem South East Ltd. “These China- and United Arab Emirates-based companies have provided [Triliance Petrochemical Co. Ltd.] with critical shipping services or conducted financial transactions on behalf of the company, enabling Triliance to continue brokering and moving Iranian petrochemical exports,” the department said in a release. ....