U.S. imposes fresh Iran-related sanctions

  • Friday 24, January 2020 01:28 PM
  • U.S. imposes fresh Iran-related sanctions
Sharjah 24 – Reuters: The United States on Thursday said it blacklisted two companies for helping Iran's state-owned National Iranian Oil Company (NIOC) export millions of dollars of goods in violation of U.S. sanctions.
The U.S. Treasury Department said it imposed sanctions on Triliance Petrochemical Co. Ltd and Sage Energy HK Limited, Peakview Industry Co Ltd and Beneathco DMCC.

The sanctions would freeze all assets held by the companies that fall under U.S. jurisdiction, generally bar U.S. companies and individuals from dealing with them, and potentially subject non-U.S. financial institutions that knowingly facilitate "significant transactions" for them to U.S. sanctions.

In addition, the U.S. government-imposed sanctions on two other companies, Jiaxiang Industry Hong Kong Limited and Shandong Oiwangwa Petrochemical Co Ltd, and two individuals, Ali Bayandrian, who is linked to Triliance Petroleum, and Zhiqing Wang, a Chinese national linked to Shandong Oiwangwa.

The announcements are the latest step in the U.S. "maximum pressure" campaign designed to squeeze the Iranian economy to try to force Iran to accept greater constraints on its nuclear program, regional activities and pursuit of ballistic missiles.