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
Dibrugarh University ragging case: three hostel wardens suspended, new ones to be appointed
Dibrugarh University Ragging Case: The university administration has taken major action in the Dibrugarh University ragging case. Dr. Jiten Hazarika, Vice Chancellor of Dibrugarh University, has
India made significant efforts to trace and disrupt operations of terrorist organizations: US report
According to the US Bureau of Counterterrorism's 'Country Reports on Terrorism 2021: India', the Indian government has made significant efforts to detect and disrupt the operations of terrorist
Modi-Shah became the 'Maharathi' of the great battle, watered the ground with sweat: more than 200 rallies... more than a thousand interviews, PM made this record
Prime Minister Modi concluded his Lok Sabha election campaign on Thursday with a rally in Hoshiarpur, Punjab. The campaign for the seventh and final phase of voting to be held on June 1 ended in the
Sitharaman said- If Muslims are not happy in India then why would there be more population than in Pakistan, attack on Western perception
Nirmala Sitharaman on Muslims Union Finance Minister Nirmala Sitharaman today attacked the 'negative Western perception' against India. Speaking at an event in Washington, the Finance Minister talked
Gyanvapi Case: 355-year-old dispute on the way to solution through survey report; Litigation going on in the court for 33 years
The survey report of the Archaeological Survey of India (ASI) may end the 355-year-long dispute over Gyanvapi. This dispute has been going on since 1669. The case has been pending in the court for 33
Aniket Verma became famous as soon as he made his IPL debut, and did not get a chance in Ranji, but now he has stunned the big stars.
There is so much competition in cricket that the life of many players ends before reaching the domestic cricket team, while some end their careers in the hope of moving ahead from the domestic team.
CSK vs PBKS: Punjab Kings would like to take advantage of MS Dhoni's limelight, the playoff race will be exciting.
Chennai Super Kings, which is struggling with a lack of consistency in its performance, will be eyeing a united performance in all departments of the game when it faces Punjab Kings on
FTA: India-UK free trade agreement will be signed in Indonesia, Modi and Sunak will meet in November
The much-awaited Free Trade Agreement (FTA) between India and the UK will be ratified at the G-20 summit meeting to be held in Bali, Indonesia in mid-November. On the sidelines of this meeting, there
MI vs RCB: After the shameful defeat from Mumbai, Faf Du Plessis admitted his big mistake, saying - 'This department is very weak...'
Royal Challengers Bangalore's bad times in IPL 2024 are far from over. Faf du Plessis-led RCB suffered a humiliating seven-wicket defeat with 27 balls remaining at the hands of Mumbai Indians in the
Sidhu Moose Wala Murder: Goldie Brar, the main accused in the Sidhu Moosewala murder case, arrested in California
Goldie Brar, the mastermind of the Sidhu Moosewala murder case, has been arrested. According to intelligence agencies, Brar has been arrested in California, USA. Recently there were reports of Brar
