.
US issues fresh Iran sanctions
- font size decrease font size
increase font size
WASHINGTON, 02 August 2022, (TON): The United States imposed sanctions on Chinese and other companies it said were used by one of Iran’s largest petrochemical brokers to sell tens of millions of dollars’ worth of Iranian products to East Asia.
The US Treasury Department in a statement accused the designated companies of being used by Iran’s Persian Gulf Petrochemical Industry Commercial Co. to facilitate the sale of Iranian petroleum and petrochemical products from Iran to East Asia.
The US Treasury and the US State Departments imposed sanctions on a total of six companies in actions that were announced in separate statements.
The action freezes any US-based assets and generally bars Americans from dealing with them. Those that engage in certain transactions with the firms also risk being hit by sanctions.
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
