US sanctions companies selling, purchasing, and enabling Iran’s oil industry

Petrochemical sales have played a critical role in keeping the regime afloat,” he wrote. “These actions demonstrate our commitment to working with all of our law enforcement partners to stem the flow of illicit weapons, oil, and money from Iran’s Islamic Revolutionary Guard Corps and other organisations that would do harm to the United States,” said U.S. Media reported that following tension between Iran and US, the US administration announced more sanctions against Iran causing severe damage to the Iranian economy. The US Justice Department said on October 29 that it filed a complaint to forfeit two shipments of Iranian missiles that the US Navy seized in transit from Iran’s Islamic Revolutionary Guard Corps (IRGC) to militant groups in Yemen, as well as the sale of approximately 1.1 million barrels of Iranian petroleum that the United States previously obtained from four foreign-flagged oil tankers bound for Venezuela. EPA-EFE/ABEDIN TAHERKENAREH

An Iranian man checks the currency rate as he walks past a currency exchange service in Tehran, Iran, October 14, 2020. As part of the coordinated actions on October 29, the Treasury Department announced new sanctions against petrochemical firms and trading companies in Iran, Singapore and Hong Kong. The US will continue to prevent the Iranian regime from using the Iranian people’s natural resources to fund terror and support oppression, US Secretary of State Mike Pompeo said in a statement on October 30. Attorney Michael R. “Put differently, fronts facilitating petrochemical sales serve as life valves for Tehran, particularly as Washington has ratcheted up oil sanctions,” he added. ‘Instead of providing for their people, the Iranian regime’s brutal leaders continue to use Iran’s revenues to support destabilising activities in the Middle East and support terrorism around the world. style=”font-size:40px; line-height: 1.3em; font-weight: 800; padding:7px;”>US sanctions companies selling, purchasing, and enabling Iran’s oil industry

By Kostis Geropoulos
Energy & Russian Affairs Editor, New Europe

epa08743902 An Iranian man checks the currency rate as he walks past a currency exchange service in Tehran, Iran, 14 October 2020. These entities based in Iran, China, and Singapore, have knowingly engaged in a significant transaction for the purchase, acquisition, sale, transport, or marketing of petroleum products from Iran, the US State Department said in a press release. “The US Attorney’s Office for the District of Columbia will use all available tools, including our jurisdiction to seize and forfeit assets located abroad, to counter terrorist funding and weapons proliferation,” Demers added. The United States will not waver in our efforts to pursue any entity or individual helping the Iranian regime evade our sanctions,” Pompeo added. Sherwin for the District of Columbia,” he said. It is with great satisfaction that I can announce that our intentions are to take the funds successfully forfeited from the fuel sales and provide them to the United States Victims of State Sponsored Terrorism Fund after the conclusion of the case,” he added. But they can help Tehran’s proxies and partners fight to live another day, the most important thing for anti-status quo actors,” Taleblu wrote. In addition, the State Department imposed sanctions on Amir Hossein Bahreini, Lin Na Wei, Murtuza Mustafamunir Basrai, Hosein Firouzi Arani, and Ramezan Oladi for being principal executive officer of the aforementioned entities, or performing similar functions and with similar authorities as a principal executive officer. “The two forfeiture complaints allege sophisticated schemes by the IRGC to secretly ship weapons to Yemen and fuel to Venezuela, countries that pose grave threats to the security and stability of their respective regions,” Assistant Attorney General for National Security John Demers said. He noted that Washington’s continued interception of these weapons and sanctioning of their procurement and distribution networks is one way of raising the transaction costs on Iran. “Washington’s concurrent targeting of petrochemical sale, supply, and transfer networks across East Asia cannot be ignored. follow on twitter @energyinsider Moreover, the Department of the Treasury’s Office of Foreign Assets Control designated eight entities related to involvement in the sale and purchase of Iranian petrochemical products brokered by Triliance Petrochemical, a US-designated entity. These actions represent the government’s largest-ever forfeitures actions for fuel and weapons shipments from Iran, the Justice Department said in a statement posted on its website. Other life values include regional trade networks, which require further scrutiny by the US Treasury, Taleblu said, adding, “The message this concerted legal, political, and economic action sends is clear: Washington has ample authority, capability, and resolve to force Iran to fight with one hand tied behind its back”. The State Department imposed sanctions on Arya Sasol Polymer Company, Binrin Limited, Bakhtar Commercial Company, Kavian Petrochemical Company, and Strait Shipbrokers. “Yesterday, the Department of State, Department of the Treasury, and Department of Justice have taken important actions to constrain the regime’s oil and petrochemical sales,” Pompeo said. EPA-EFE/ABEDIN TAHERKENAREH

US sells oil seized from Iran to Venezuela

Facebook

Twitter

Linkedin

WhatsApp

Viber

Email

Print

Less than a week before the November 3 election, the US Administration announced on October 29 sanctions on companies selling, purchasing, and enabling Iranian petrochemical products. “On their face, anti-tank weapons and other systems aren’t game-changers. Foundation for Defense of Democracies (FDD) Senior Fellow Behnam Ben Taleblu, whose expertise includes Iranian weapons proliferation as well as Iran’s ballistic and cruise missile capabilities, wrote in an emailed note on October 29 that continuing Iranian weapons proliferation in the face of tough sanctions shows how ideologically committed Tehran is to keeping its proxies and partners in power across the globe. “The United States remains committed to targeting any revenue source the Iranian regime uses to fund terrorist groups and oppress the Iranian people,” Treasury Secretary Steven Mnuchin said in the statement. Pompeo said these actions represent the US government’s largest-ever forfeiture actions for fuel and weapons shipments from Iran. “Iran continues to be a leading state sponsor of terrorism and a worldwide destabilising force.