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Treasury Sanctions Companies for Supporting the Sale of Iranian Petrochemicals
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Oil Seizure Effort Caps Months of U S Action Against Iranian Maritime Networks
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FILE PHOTO: Vietnamese foreign ministry spokeswoman Le Thi Thu Hang speaks at a news conference in Hanoi, Vietnam July 25, 2019. REUTERS/Kham/File Photo
HANOI (Reuters) -Vietnam’s Ministry of Foreign Affairs said on Thursday it regretted a U.S. decision to sanction a Vietnamese company relating to the transport of petroleum products from Iran.
“Trade relations between Vietnam and Iran are strictly civilian and involve goods that would serve the essential needs of people and are not in contrary to the resolutions of the UN,”Foreign Ministry spokesperson Le Thi Thu Hang told a daily press briefing.
The U.S. Treasury Department on Wednesday imposed sanctions on a number of global companies, 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.
“I think we have demonstrated the right foreign policy with respect to Iran, and I am hopeful that the world will continue the policies that we have, and that one day Iran will rejoin the community of nations”
– Secretary Pompeo, Interview with Ben Shapiro, December 15, 2020
Sanctioning Supporters of Iran’s Petroleum and Petrochemical Sectors, December 16.
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.
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 exe
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