Sanctions on Tehran … a new package on entities related to the Iranian oil industry



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Last Updated: October 30, 2020 5:41 PM

It wasn’t until 24 hours after the US Treasury imposed sanctions on individuals and entities linked to Iran, until the US administration announced Friday that it had imposed new sanctions on Iranian companies working in the oil and petrochemical fields.

A statement issued by the US State Department said that the United States had imposed sanctions on Aria Sasol Polymer Company, Penrin Ltd. and Bakhtar Trading Company.

And US Secretary of State Mike Pompeo confirmed late Friday that his country will go after any entity or individual that helps Iran evade sanctions.

The United States administration has also imposed sanctions on other companies, such as Cavian Petrochemical Company and Strait Shipbrokers Pte Ltd, pursuant to Section 3 of Executive Order 13846.

These companies, based in Iran, China and Singapore, knowingly participated in the process of buying, acquiring, selling, transporting or marketing Iranian petroleum products.

The Foreign Ministry imposed other sanctions on various personalities, such as Amir Hussein Bahraini, Lin Na Wai, Murtaza Mustafa Munir Basaray, Hussain Firuzi Arani and Ramazan Awladi, as CEOs of the aforementioned entities.

These personalities had performed similar tasks and exercised powers similar to those of the CEO.

Additionally, the US Treasury Office of Foreign Assets Control (OFAC) has listed eight entities due to their involvement in the mediated sale and purchase of Iranian petrochemicals from Trilliance Petrochemical Company Ltd., a US entity. Which is on the sanctions list under Executive Order 13846.

The Justice Ministry announced that it had filed a complaint for the seizure of Iranian missile shipments that were seized by the United States Navy on their way from the Iranian Revolutionary Guard to militant groups in Yemen.

The Iranian regime is reported to continue to use Iranian resources to support destabilizing activities in the Middle East and to support terrorist groups around the world.

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