The United States has imposed sanctions on an international network of companies involved in the sale of Iranian petrochemicals and petroleum products, including an India-based petrochemical company.
The US Treasury Department said these punitive measures target Iranian brokers and several major companies in the UAE, Hong Kong, and India that have facilitated the financial transfer and shipping of Iranian petroleum and petrochemical products.
Irani petrochemical products were sent to India after buying
The US government claims that Trillion, a key component of Iran's petroleum and petrochemical sectors, which brokers the sale of Iranian products to foreign buyers, has purchased Iranian petrochemical products worth millions of dollars from Iran-based petrochemical brokers and shipped them to India. given.
It also accused India-based petrochemical company Tibalaji Petrochem Pvt Ltd of buying trillion-brokered petrochemical products, including methanol and base oil, for onward shipments to China.
Approved an international network of companies
The Treasury Department said in a statement that, today, the U.S. The Department of the Treasury Office of Foreign Assets Control (OFAC) has approved an international network of companies involved in the sale of multimillion-dollar Iranian petrochemicals and petroleum products to end users in South and East Asia.
These entities have been instrumental in concealing the origin of Iranian shipments and enabling two approved Iranian brokers, Trillions Petrochemical Company Limited (Trillions) and the Persian Gulf Petrochemical Industry Commercial Company (PGPICC). To transfer funds to buyers in Asia and Iranian petroleum and petrochemicals.
These entities were instrumental in concealing the origin of Iranian shipments and transferring funds to two approved Iranian brokers, Trillions Petrochemical Company Limited (Trillions) and the Persian Gulf Petrochemical Industry Commercial Company (PGPICC), enabling them to ship Iranian petroleum. Is.
Nominated two organizations
Simultaneously with the OFAC designations, the State Department is nominating two entities located in the People's Republic of China (PRC), Zhonggu Storage and Transportation Co. Ltd. and WS Shipping Co. Ltd., for their participation in Iran's petrochemical trade.
Brian E. Nelson, Under Secretary of the Treasury for Terrorism and Financial Intelligence, said the United States is committed to severely restricting Iran's illegal oil and petrochemical sales.
As long as Iran refuses to reciprocate the full implementation of the Joint Comprehensive Action Plan, the United States will continue to enforce its sanctions on the sale of Iranian petroleum and petrochemical products.
As Iran continues to accelerate its nuclear program in violation of the JCPOA, the US government said it would continue to enforce sanctions on Iran's petroleum and petrochemical sales under officials that would be lifted under the JCPOA.
These enforcement actions will continue regularly to severely restrict Iran's oil and petrochemical exports.
Also Read: India-China Ties: Chinese envoy Sun Weidong said- India-China relations affect the whole world
Team India running on the strength of Surya in T20: highest runs, strike rate, and fours and sixes in the last 5 months
The country changed, the opposition team changed, the tournament changed... just one thing didn't change. That is Suryakumar Yadav's batting. Surya scored 111 off just 51 balls in the second T20
IPL 2024: Virat Kohli appeared in the interview with Kagiso Rabada, and troubled the pacer by dancing.
Royal Challengers Bangalore's star batsman Virat Kohli is known for his fun-loving style off the field. After the match, it was mostly seen how much fun Kohli had with other
UK News: Britain will include India in the list of safe countries, and citizens entering illegally will be affected.
The UK government has announced that it will add India to the list of safe states. After this, the process of return of people traveling illegally from India will speed up. Also, all asylum claims of
PM Modi: PM Modi inaugurated many metro projects; the Country's first underwater metro was also inaugurated
Prime Minister Narendra Modi on Wednesday inaugurated several metro projects in the country. This also includes the country's first underwater metro line in Kolkata. During this, the Howrah
Pathaan: Shahrukh Khan will promote 'Pathaan' in 'Bigg Boss 16'? Will be seen having fun with Salman
Shahrukh Khan and Deepika Padukone's film 'Pathan' is all set to hit the theaters on January 25. Ever since its first song 'Besharam Rang', 'Pathan', which came into controversies, has been in the
Udhayanidhi Stalin: Udayanidhi is surrounded all-round by stating Sanatan Dharma, Tamit actor became a minister after winning Filmfare, known his whole career
There has been an uproar over the objectionable remarks made by DMK leader and Tamil Nadu minister Udhayanidhi Stalin regarding Sanatana Dharma. BJP is the biggest attacker on Udhayanidhi's statement
Champions Trophy 2025: Every decision in the final will be closely monitored, keeping this in mind, ICC announced the names of the umpires
The final match of the Champions Trophy 2025 will be played between India and New Zealand in Dubai on Sunday. The ICC has announced the names of the umpires for this high-profile match.
Many jobs will be done now, Twitter stirred up by the decree of new boss Elon Musk
Elon Musk has hinted at layoffs just days after he took ownership of the social media platform Twitter. There are media reports that Musk has asked management to prepare a list of people who could be
Pakistan: Shahbaz government again insulted at international level, now IMF told Pak PM's claim as lie
Pakistan's Shahbaz government has been insulted many times at the international level for its wrong claims. Meanwhile, today once again the Government of Pakistan has to be embarrassed. The
Arbaaz Khan shared a special picture of the Nikah ceremony with Shura Khan, the entire 'Khan family' was seen in one frame.
Arbaaz Khan And Shura Khan Nikah ceremony: Bollywood actor Arbaaz Khan has once again settled his house. The actor married once after six years of divorce from Malaika Arora.
