US sanctions Chinese, UAE firms over Iran

Chris

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US sanctions Chinese, UAE firms over Iran
US imposes sanctions on Chinese and other firms it said helped to sell tens of millions of dollars in Iranian oil and petrochemical products.
Israel National News
Aug 2, 2022

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars in Iranian oil and petrochemical products to East Asia. The US Treasury and the State Department imposed sanctions on a total of six companies, four based in Hong Kong, one in Singapore, and one in the United Arab Emirates (UAE) in actions that were announced in separate statements, according to Reuters.

The Treasury accused Persian Gulf Petrochemical Industry Commercial Co. (PGPICC), one of Iran's largest petrochemical brokers, of using the firms to facilitate the sale of Iranian petroleum and petrochemical products to East Asia.

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