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2020-09-04 12:25:00

U.S., IRAN, UAE, CHINA SANCTIONS

U.S., IRAN, UAE, CHINA SANCTIONS

PLATTS - 03 Sep 2020 - The US government on Sept. 3 sanctioned 11 entities based in Iran, the UAE and China for continuing to facilitate sales of Iranian petrochemical and oil products.

The move is the latest in the Trump administration's efforts to clamp down on illicit flows of oil and petrochemical products from Iran to China.

The Department of the Treasury accused six of the firms of helping Hong Kong-based broker Triliance Petrochemical continue sales, including efforts to "hide or otherwise obscure its involvement in sales contracts."…

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