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The Biden Administration on Thursday sanctioned 9 companies that are involved in moving Iran’s petrochemical and petroleum products valued at hundreds of millions of dollars to buyers in Asia, TURAN's Washington correspondent reports.
Three companies in Malaysia and Singapore are among those sanctioned, the State Department said. They were allegedly involved in the sale and shipment of products on behalf of Triliance Petrochemical Co., a Hong Kong-based broker that was previously sanctioned.
Other companies that allegedly aided Triliance’s network and are now facing sanctions include Asia Fuel Pte. Ltd. and Unicious Energy Pte. Ltd., which are based in Singapore, and Malaysia-based Sense Shipping & Trading Sdn. BHD. Unicious also operates offices in Dubai and Geneva.
Iran is "increasingly turning to buyers in East Asia to sell its petrochemical and petroleum products, in violation of U.S. sanctions,” Brian Nelson, a Treasury undersecretary, said in a statement.
"Today’s action demonstrates our continued efforts to enforce U.S. sanctions on Iran’s petroleum and petrochemical trade and disrupt Iran’s efforts to circumvent sanctions," Secretary of State Antony Blinken said.
Alex Raufoglu
Washington D.C.
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