US imposes third round of sanctions on trade with Iran
Iran oil difficult to sell due to sanctions
US wants to force Iran to a nuclear deal
Washington, The United States has imposed sanctions on the United Arab Emirates (UAE) and four Chinese companies as part of its policy of increasing pressure on Iran for a nuclear deal. It is alleged that these companies helped sell products made from Iranian oil. We. Treasury and U.S. State departments have banned a total of six companies. Four of which are located in Hong Kong, one in Singapore and one in the United Arab Emirates (UAE). The UAE-based Gulf Petrochemical Industry Commercial has been accused by the US of helping the company sell Iranian petroleum and petrochemical products to Asia in the East.
At the same time, Hong Kong-based Trillian Petrochemical Company Limited has also aggressively bought petroleum products of Iranian origin. Iran has earned millions of dollars from the purchase of these companies. Sanctions have also been announced on Hong Kong-based Farwell Canyon HK Ltd and Shekufei International Trading Company. These companies were also previously working to deliver Iranian shipments to buyers in Asia.
Iran welcomes EU diplomacy on nuclear deal, said this
Bank accounts of companies based in Hong Kong and Malaysia were used
The US said a Gulf petrochemical industry commercial used its own bank accounts with Hong Kong and Malaysia-based PZNFR Trading Ltd to collect millions of dollars in income.
In a very tough show, the US has also imposed sanctions on Pioneer Ship Management, a Singapore-based company that provides ships for Iranian petroleum products. Due to this action, all the US-based assets of these companies have been confiscated. Trade of all US companies with these banned companies has also been banned.
tags: america, China, Iran
First published: August 02, 2022, 17:23 IST