Six 'Iran-related entities', one vessel sanctioned by US treasury

By Al Mayadeen English
Source: Agencies
1 Aug 2022 20:01
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Four companies registered in China are included in the list, while the other two are registered in Singapore and the UAE.

Six Iran-related entities and one vessel sanctioned by the US

The US treasury published on Monday in a press release that six entities, including one vessel, were placed on their sanction list on charges of "facilitating the illicit sale of Iranian petroleum and petrochemicals."

Among the targeted entities are four registered companies in China, namely Shekufei International Trading Co., PPZNFR Trading Limited, Golden Warriors Shipping Co., and Farwell Canyon HK Limited. The other two companies are registered in Singapore and the United Arab Emirates, according to the press release.

“The United States continues to pursue the path of diplomacy to achieve a mutual return to full implementation of the Joint Comprehensive Plan of Action,” claimed Under Secretary of the Treasury for Terrorism and Financial Intelligence Brian E. Nelson. “Until such time as Iran is ready to return to full implementation of its commitments, we will continue to enforce sanctions on the illicit sale of Iranian petroleum and petrochemicals,” said the press release.

"As a result of today’s action, all property and interests in property of these targets that are in the US or in the possession or control of U.S. persons must be blocked and reported to OFAC. In addition, any entities that are owned, directly or indirectly, 50 percent or more by one or more blocked persons are also blocked" it added, stressing that OFAC’s regulations generally prohibit all dealings by US persons or within the US (including transactions transiting the US) that involve any property or interests in property of blocked or designated persons.

Two days ago, the US treasury sanctioned two Russian individuals and four entities for their so-called "malign" influence in the US.

"The individuals and entities designated today played various roles in Russia’s attempts to manipulate and destabilize the United States and its allies and partners, including Ukraine," said a press release by the OFAC.

Two weeks ago, Kremlin spokesperson Dmitry Peskov has issued several statements, emphasizing that “restrictions and sanctions are the price that Russia and Iran must pay for sovereignty”.

Although the prospects for the revival of the JCPOA seem unfavorable, the relations between Russia and Iran show positive signs. Last week, it was reported that some two million rubles were traded in the Iranian stock market with a ratio of 5,390 rials per ruble.