Publish date30 Sep 2022 - 9:44
Story Code : 567171

US' OFAC imposes new Iran-related sanctions on 10 entities

The United States is sanctioning one vessel and 10 entities from China, Iran, India, and the United Arab Emirates for allegedly violating Iran-related sanctions, the US Office of Foreign Assets Control (OFAC) said on Thursday.
US

The United States also sanctioned the GAS ALLURE vessel for violating Iran-related sanctions as well, OFAC said.

The Treasury Department said in a press release that these sanctioned companies facilitated the sale of hundreds of millions of dollars worth of Iranian petrochemicals and petroleum products to end users in South and East Asia.
US Secretary of State Antony Blinken said in a separate statement that the United States would continue to accelerate its enforcement of sanctions on Iran’s oil sales as Tehran continues to accelerate its nuclear program in violation of the Joint Comprehensive Plan of Action (JCPOA).
These enforcement actions will continue on a regular basis with an aim to severely restrict Iran’s oil and petrochemical exports, Blinken said, warning that anyone involved in facilitating these sales and transactions should cease and desist immediately if they want to avoid US sanctions.
 
 
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