• World - North America
  • Updated: February 09, 2023

US Issues Sanctions On Iranian Petrochemicals, Petroleum Companies

US Issues Sanctions On Iranian Petrochemicals, Petroleum Com

The United States on Thursday imposed sanctions on Iranian petrochemicals and petroleum companies.

It accused the companies of playing a critical role in the production, sale and shipment of Iranian petrochemicals and petroleum to buyers in Asia.

The US Treasury Department said it; “Imposed sanctions on six Iran-based petrochemical manufacturers.

“And their subsidiaries and three firms in Malaysia and Singapore over the production, sale and shipment of hundreds of millions of dollars worth of Iranian petrochemicals and petroleum.”

Also, Treasury’s Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said; “Iran increasingly turning to buyers in East Asia to sell its petrochemical and petroleum products, in violation of US sanctions.

“The United States remains focused on targeting Tehran’s sources of illicit revenue, and will continue to enforce its sanctions against those who wittingly facilitate this trade.”

The United States also imposed waves of sanctions on the Asian country following the handling of the protests that materialized after 22-year-old Mahsa Amini died in Police custody.

Amini was arrested by the country's Morality Police over what it called indecent dressing.

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