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US targets 2 individuals, 9 entities with Iran-related sanctions

  • By Al Mayadeen English
  • Source: Agencies
  • 16 Jun 2022 17:39
3 Min Read

The US Treasury imposes a new round of sanctions aimed at two individuals and nine entities related to Iran.

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  • US targets two individuals and nine entities with Iran sanctions.
    US targets two individuals and nine entities with Iran sanctions.

The US Treasury announced new Iran-related sanctions on two individuals and nine entities on Thursday. The sanctions are aimed at India's Mohammed Shaheed Ruknooddin Bhore and China's Gao Jingfeng.

The entities on the sanctions list are Fanavaran Petrochemical Company in Tehran, Future Gate Fuel and Petrochemical Trading L.L.C. in Dubai, Gx Shipping Fze also in the United Arab Emirates, Keen Well International Limited in Hong Kong, Kharg Petrochemical Company Limited in Iran, Marun Petrochemical Company in Iran, Sky Zone Trading Fze in the UAE, Teamford Enterprises Limited in Hong Kong, and Youchem General Trading Fze in the UAE.

Read next: US Treasury sanctions Iran-related individuals, entity in Russia

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At a classified briefing on Wednesday, Biden administration officials guaranteed senators that the US would increase sanctions on Iran if necessary, as hopes for a diplomatic solution to Tehran's nuclear program faded, according to attendees who spoke to Politico.

The statements came as lawmakers from both parties pressed the Biden administration to outline a backup plan to "prevent Iran from developing nuclear weapons" as per their claims. US officials had been working for months to resurrect the nuclear deal with Tehran, which Donald Trump ripped up in 2018, but the last of those discussions took place in March, according to one top lawmaker.

Moreover, officials from the Biden administration told senators that existing sanctions against Iran would be maintained at the very least. Menendez responded, "I would stay tuned," when asked if the administration is considering additional measures to deter Iran's nuclear program.

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He also spoke of the scientific and technological progress and initiatives that Iran has made in recent years, maintaining that these progresses were made at a time when the toughest sanctions were imposed on the country, calling it the "maximum pressure campaign."

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