US Treasury Sanctions Iranian Oil-Related Companies Involved in Daun
[Asia Economy New York=Correspondent Baek Jong-min] On the 23rd (local time), the U.S. Department of the Treasury imposed sanctions on six international oil and petrochemical companies and two individuals for assisting Iran in violation of sanctions against Iran.
The U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) announced sanctions on two companies, Trillions Petrochemical in Hong Kong and Sage Energy HK, as well as Peakview Industry in Shanghai, China, and Binisco DMCC headquartered in Dubai, United Arab Emirates.
The Treasury explained that the sanctioned companies are international oil-related firms that assisted in exporting goods in connection with Iran's state-owned oil company. The Treasury added that the sanctioned companies helped finance the Quds Force, an elite unit of the Iranian Revolutionary Guard Corps.
Jaxiang Industry Hong Kong Limited and Shandong Qiwang Petrochemical Co., Ltd. in China were also named and added to the Specially Designated Nationals (SDN) list.
Hot Picks Today
As Samsung Falters, Chinese DRAM Surges: CXMT Returns to Profit in Just One Year
- "Most Americans Didn't Want This"... Americans Lose 60 Trillion Won to Soaring Fuel Costs
- Man in His 30s Dies After Assaulting Father and Falling from Yongin Apartment
- Samsung Union Member Sparks Controversy With Telegram Post: "Let's Push KOSPI Down to 5,000"
- "Why Make Things Like This?" Foreign Media Highlights Bizarre Phenomenon Spreading in Korea
Two individuals linked to Trillions and Shandong were also listed on the SDN.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
