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US Treasury Department announces additional sanctions on Iran
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US Treasury Department announces additional sanctions on Iran

Fresh sanctions on Iran, Chinese, and UAE firms. Sanctions to limit Iran’s oil business in East Asia.

Where: World

The Facts

On Monday, the US announced fresh sanctions against six entities aiding the international sale of Iranian petroleum and petrochemical products.
The latest sanctions follow those levied in June and July against Chinese and UAE companies.
The sanctions are aimed at limiting Iran’s ability to sell Iranian petroleum products in East Asia as the impasse over the nuclear deal persists.
Assets belonging to the companies in the US stand frozen as part of the sanctions, and Americans are barred from conducting transactions with them.
The Treasury stated, “Until Iran is ready to return to full implementation of the JCPOA, we will continue to use our sanctions authorities to target exports of petroleum, petroleum products, and petrochemical products from Iran.”

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