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.
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.
17 December, 2020 Source: ICIS
The US has blacklisted on Wednesday four companies based in China and the UAE for facilitating exports of Iranian petrochemicals.
Sanctions were imposed on UAE’s Alpha Tech Trading FZE and Petroliance Trading Fze; and China’s Donghai International Ship Management Ltd and Petrochem South East Ltd for facilitating sales of Iranian petrochemicals by Hong Kong-based Triliance Petrochemical, which was blacklisted 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,” the US Treasury said in a statement dated 16 December.