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US sanctions Chinese, UAE firms over Iranian petrochemical support

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.

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UPDATE 1-Vietnam regrets U.S. decision to sanction firm over Iran-related trade

UPDATE 1-Vietnam regrets U.S. decision to sanction firm over Iran-related trade
Reuters
12/17/2020
(Adds comments and background)
By Phuong Nguyen and Khanh Vu
HANOI, Dec 17 (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. ....

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Sanctioning Supporters of Iran's Petroleum and Petrochemical Sectors

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. ....

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US Blacklists Chinese, UAE Companies Over Sale Of

© BUSARA / Adobe Stock
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. ....

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Chinese, Emirati companies sanctioned for exporting Iran petrochemicals

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.

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