US pressures Iran by targeting Chinese, UAE front companies

WASHINGTON, 18 June 2022, (TON): The US imposed sanctions on Chinese and Emirati front companies and on a network of Iranian firms that help export Iran’s petrochemicals, a step that may raise pressure on Tehran to revive the 2015 Iran nuclear deal.

The US Treasury department said it had imposed penalties on two front companies based in Hong Kong, three in Iran, and four in the UAE, as well as on Chinese citizen Jinfeng Gao and Indian national Mohammed Shaheed Ruknooddin Bhore.

Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian Nelson said in a statement “the United States is pursuing the path of meaningful diplomacy to achieve a mutual return to compliance with the Joint Comprehensive Plan of Action.”

Under the pact, Iran limited its nuclear program to make it harder for Tehran to obtain a nuclear weapon in exchange for relief from US, European Union and United Nations sanctions that had choked Iran’s oil-dependent economy.

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