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US states have broadened their circle of sanctions to include individuals and businesses due to their association with Iran.
On Thursday, the United States imposed sanctions related to the Iranian petrochemical industry and included individuals and entities, some of which are located in China.
The US Treasury said in a statement that “the sanctions included eight entities for their participation in the sale and purchase of Iranian petrochemical products through Trilliance Petrochemical Company Ltd., which has been placed on the sanctions list since last January. “.
The statement added that “these entities, with their headquarters in Iran, China and Singapore, participated in transactions facilitated by Trilliance or assisted in one way or another the company’s efforts to transfer funds resulting from the sale of these Iranian petrochemicals.” .
“Sales of Iranian petrochemicals remain a major source of revenue for the Iranian regime and are used to fund its destabilizing agenda and support corrupt regimes and terrorist groups throughout the Middle East and, more recently, in Venezuela,” the statement added. .
“The Iranian regime benefits from a global network of entities that facilitate the work of the Iranian petrochemical sector,” said Treasury Secretary Steven Mnuchin.
“The United States remains committed to targeting any source of income used by the Iranian regime to finance terrorist groups and to suppress the Iranian people,” he added.
On another topic, the statement indicated that the sanctions against the Islamic Bank Bilad in Iraq, headed by Aras Habib and linked to the Iranian Revolutionary Guard, have been updated.
The statement said that the pseudonyms used by Bank Al-Bilad, including the Islamic Investment and Finance Bank Al-Ataa, have been added.
The statement said that “Al-Bilad Islamic Bank was classified on the US sanctions list on May 15, 2018, for being owned or controlled by Aras Habib, who participated in the exploitation of the Iraqi banking sector to transfer Tehran funds to Lebanese Hezbollah. “
The statement added that “the governor of the Central Bank of Iran used the Islamic Bank Al-Bilad to secretly transfer millions of dollars, on behalf of the Iranian Revolutionary Guard, to support Hezbollah.”
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