Issuing fresh sanctions on Iran, US targets Chinese, UAE firms
2 years, 4 months ago

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

Al Jazeera  

The United States Treasury Department continues to work to limit Iran’s ability to conduct oil sales to East Asia. The United States on Monday issued fresh sanctions on Iran, this time targeting Chinese and other companies it said were used by one of Iran‘s largest petrochemical brokers to facilitate the sale of tens of millions of dollars’ worth of Iranian petroleum and petrochemical products from Iran to East Asia. The Iranian Persian Gulf Petrochemical Industry Commercial Co allegedly exploited the designated businesses to sell Iranian oil and petrochemical goods to East Asia, a statement from the US Treasury Department said. Companies targeted The Treasury targeted the UAE-based Blue Cactus Heavy Equipment and Machinery Spare Parts Trading LLC, alleging that it assisted in the sale of millions of dollars’ worth of Iranian-origin petroleum products to the Hong Kong-based Triliance Petrochemical Co Ltd. Farwell Canyon HK Limited and Shekufei International Trading Co Limited, both situated in Hong Kong, were also targeted by the Treasury for enabling such sales for subsequent shipping to customers in East Asia. The US State Department also identified six organisations on Monday that facilitate illicit transactions involving Iranian oil, as well as oil and petrochemical goods, which are important sources of income for the Iranian regime.

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History of this topic

How the Biden administration botched America’s sanctions against Iran
5 days, 18 hours ago

How the Biden administration botched America’s sanctions against Iran

Live Mint  

A fortnight ago Iran aimed more than 180 ballistic missiles at Israel. In 2018, under Donald Trump, America unwisely withdrew from an agreement to stall Iran’s nuclear programme and then imposed its harshest sanctions ever, in an attempt to punish the regime and stop it funding proxies and terrorists abroad. America banned its citizens from trading with Iran or handling …

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms
3 weeks ago

US sanctions 35 entities & ships for transporting Iranian oil, including 2 Indian firms

Firstpost  

Two Indian companies are among 35 entities and vessels sanctioned by the United States for transporting Iranian oil In the latest tranche of sanctions on Iran, the United States has imposed sanctions on 35 entities and ships for transporting Iranian oil. The firms sanctioned for transporting Iranian oil include two Indian firms as well. The Treasury said the two companies …

US imposes sanctions on 35 entities, vessels for transporting Iranian oils
3 weeks ago

US imposes sanctions on 35 entities, vessels for transporting Iranian oils

Deccan Chronicle  

Washington: The United States on Tuesday imposed sanctions on 35 entities and vessels, including two from India, for transporting Iranian oil to other countries. The two India-based entities are Vision Ship Management LLP that manages and operates the PHONIX, and Tightship Shipping Management Private Limited. According to the Treasury, India-based Vision Ship Management LLP manages and operates the PHONIX, formerly …

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers
3 weeks, 1 day ago

US imposes new sanctions on Iran’s ‘shadow fleet’ of oil tankers

Al Jazeera  

The latest US sanctions are part of an effort to disrupt Iran’s use of oil revenue to finance its nuclear programme. The United States has piled on additional sanctions against Iran targeting 35 entities and vessels that it says are part of a “shadow fleet of vessels” transporting cargoes of Iranian petroleum to foreign markets. The sanctions are similar to …

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military
5 months, 4 weeks ago

U.S. sanctions ‘sprawling’ shadow banking network for supporting Iranian military

Associated Press  

WASHINGTON — The U.S. Treasury Department said Tuesday it is imposing economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that have been acting as a “sprawling shadow banking network” for Iran’s military. Included in the sanctions are Seyyed Mohammad Mosanna’i Najibi, an Iranian-Turkish money-changer, 27 cover companies controlled by Najibi …

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military
6 months ago

US sanctions ‘sprawling shadow banking network’ that helps Iran’s military

Al Jazeera  

Those sanctioned are involved in the sale of Iranian oil and petrochemicals, money that pays for weapons, proxy groups. The United States Department of the Treasury has announced economic sanctions on 50 people and firms across Hong Kong, the United Arab Emirates and the Marshall Islands that it claims have been acting as a “sprawling shadow banking network” for Iran’s …

China sanctions US defense-related companies and executives over Russia, Taiwan
7 months ago

China sanctions US defense-related companies and executives over Russia, Taiwan

Associated Press  

BEIJING, China — China on Wednesday sanctioned 12 U.S. defense-related companies and 10 executives over arms sales to Taiwan in retaliation for earlier American sanctions on Chinese companies tied to Russia. China’s Ministry of Foreign Affairs said the measures came after the U.S. “indiscriminately imposed illegal unilateral sanctions on a number of Chinese entities on the grounds of so-called Russian-related …

Iran using Malaysian providers to bust oil sanctions: U.S. official
7 months, 2 weeks ago

Iran using Malaysian providers to bust oil sanctions: U.S. official

The Hindu  

Iran has relied on Malaysian service providers to get around international sanctions and sell its oil in the region, a senior U.S. Treasury official said on May 7. Tehran's oil sales in East Asia have financed its armed proxies, including Palestinian militant group Hamas and Yemen's Huthis, the official said on condition of anonymity. "Stopping these oil shipments will deal …

Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations
8 months ago

Thai plastics firm will pay $20 million to settle with U.S. over Iran sanctions violations

Associated Press  

WASHINGTON — A Bangkok -based plastics firm has agreed to pay $20 million to settle with the U.S. over 467 “egregious” violations of Iran sanctions, the U.S. Treasury announced on Friday. SCG Plastics Co. used U.S. banks to process $291 million in sales of Iranian high-density polyethylene resin from 2017 to 2018, according to the signed settlement agreement between the …

U.S. to impose fresh Iran sanctions after attack on Israel, expects allies to follow: White House
8 months, 1 week ago

U.S. to impose fresh Iran sanctions after attack on Israel, expects allies to follow: White House

The Hindu  

The United States said on April 16 it would soon impose new sanctions on Iran's missile and drone program after its weekend attack on Israel, and that it expects its allies and partners to follow with parallel measures. U.S. National Security Advisor Jake Sullivan's announcement came after Treasury Secretary Janet Yellen indicated punitive measures were in the works, and European …

US-North Korea sanctions target Russia, China and UAE-based firms
8 months, 3 weeks ago

US-North Korea sanctions target Russia, China and UAE-based firms

Hindustan Times  

The United States on Wednesday announced sanctions on six individuals and two entities based in Russia, China and the United Arab Emirates, accusing them of channeling funds to North Korea's weapons programs. The statement said both firms were subordinate to Chinyong Information Technology Cooperation Co, an entity associated with North Korea's armed forces. The announcement came after the United States …

US sanctions shipping firm accused of links to Iran, Yemen’s Houthis
9 months ago

US sanctions shipping firm accused of links to Iran, Yemen’s Houthis

Al Jazeera  

The measures come as Washington tries to curb the Yemeni group’s attacks on Red Sea shipping lanes amid the war on Gaza. It said the cargo was “in support of Iran’s Islamic Revolutionary Guard Corps-Quds Force and Houthi financial facilitator Sa’id al-Jamal, who is sanctioned under US counterterrorism authorities”. “We remain committed to disrupting the IRGC-QF and the Houthis’ attempts …

US sanctions Iranian deputy commander, Houthi member and ships that transport Iranian oil
9 months, 3 weeks ago

US sanctions Iranian deputy commander, Houthi member and ships that transport Iranian oil

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The U.S. sanctioned a deputy …

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules
10 months, 1 week ago

U.S. sanctions Iran Central Bank subsidiary for U.S. tech procurement and violating export rules

Associated Press  

WASHINGTON — The U.S. on Wednesday imposed sanctions on three people and four firms — across Iran, the United Arab Emirates and Turkey — for allegedly helping to export goods and technology purchased from U.S. companies to Iran and the nation’s central bank. Treasury’s Office of Foreign Assets Control said the procurement network transferred U.S. technology for use by Iran’s …

US Launches Fresh Sanctions Targeting Iran Revolutionary Guard
10 months, 3 weeks ago

US Launches Fresh Sanctions Targeting Iran Revolutionary Guard

News 18  

The United States announced new sanctions Friday aimed at the Iranian Revolutionary Guard, as Washington prepares retaliation after a strike killing three Americans in Jordan that was blamed on Iran-backed militias. The US Treasury Department said it was imposing sanctions on six officials in the cyber-electronic command of the Iranian Islamic Revolutionary Guard Corps, over activities targeting critical infrastructure. In …

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap
11 months, 1 week ago

US sanctions UAE shipping firm for transporting Russian crude oil above USD60 per barrel price cap

India TV News  

Washington: The US on Thursday hit a United Arab Emirates shipping firm with sanctions after it transported Russian crude oil above the $60 per barrel price cap. This is the Treasury's first oil price cap enforcement action of 2024 — imposed on Hennesea Holdings Limited and its 18 vessels that the US Treasury now considers blocked property. Price cap The …

China sanctions five U.S. defence companies in response to U.S. sanctions and arms sales to Taiwan
11 months, 2 weeks ago

China sanctions five U.S. defence companies in response to U.S. sanctions and arms sales to Taiwan

The Hindu  

China announced sanctions on January 7 on five American defence-related companies in response to U.S. arms sales to Taiwan and U.S sanctions on Chinese companies and individuals. The Foreign Ministry said the U.S. moves harmed China’s sovereignty and security interests, undermined peace and stability across the Taiwan Strait and violated the rights and interests of Chinese companies and individuals. “The …

US sanctions financial network tied to Iranian oil sales
1 year ago

US sanctions financial network tied to Iranian oil sales

Associated Press  

WASHINGTON — The U.S. on Wednesday said it imposed a new round of sanctions on a group of 20 people and firms allegedly involved in a financial facilitation network for the benefit of the Iranian military. The U.S. alleges that Sepehr acts as a front company for the Iranian government’s oil sales, which “fund its destabilizing regional activities and support …

New US sanctions target illicit financial network aiding Iran, military
1 year ago

New US sanctions target illicit financial network aiding Iran, military

Al Jazeera  

US Treasury Department says Iran relies on brokers, front companies to finance proxies across region, including Hamas. The United States Department of the Treasury has announced new sanctions targeting 21 Iranians, foreign nationals, and firms accused of involvement in an illicit financial network for the benefit of the Iranian military. “Iran generates the equivalent of billions of dollars via commodity …

America would struggle to break Iran’s oil-smuggling complex
1 year, 1 month ago

America would struggle to break Iran’s oil-smuggling complex

Hindustan Times  

In February, Dilro, an obscure company based in Dubai, bought the Ocean Kapal, an 18-year-old tanker. Although America retains harsh sanctions that target anyone helping to produce, ship or sell Iran’s petroleum, the superpower’s officials last year eased enforcement. Yet following Hamas’s attack on Israel on October 7th, the Biden administration has come under pressure to shut loopholes, as Iran …

US imposes sanctions on three Chinese companies for supplying items for Pakistan's missile programme
1 year, 2 months ago

US imposes sanctions on three Chinese companies for supplying items for Pakistan's missile programme

India TV News  

The United States on Friday imposed sanctions on three China-based companies for supplying missile-applicable items to Pakistan's ballistic missile programme, as part of efforts to strengthen the global non-proliferation regime. The General Technology Limited, Beijing Luo Luo Technology Development Co Ltd, and Changzhou Utek Composite Company Ltd have been sanctioned for "having engaged, or attempted to engage, in activities or …

US targets Iranian drone industry in latest round of sanctions
1 year, 9 months ago

US targets Iranian drone industry in latest round of sanctions

Al Jazeera  

Sanctions target firms and individuals accused of buying drone parts on behalf of the Iranian government. The United States has announced its latest round of sanctions against Iranian drone and missile production, this time focusing on firms and individuals who allegedly procured equipment for Tehran’s drone programme. In a statement on Tuesday, the US Department of the Treasury said the …

US applies sanctions over Iran shadow banking, drone network
1 year, 9 months ago

US applies sanctions over Iran shadow banking, drone network

Associated Press  

WASHINGTON — The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions. The Treasury Department said the companies — from Hong Kong to the United Arab Emirates — made up a “significant ‘shadow banking’ network” that gave cover to sanctioned Iranian …

US issues more Iran sanctions amid stalled diplomacy
1 year, 9 months ago

US issues more Iran sanctions amid stalled diplomacy

Al Jazeera  

New measures target Iranian oil and petrochemical sales, as US says it is committed to reducing Iran’s energy exports. “The United States is committed to significantly reducing Iranian energy exports and will sanction those facilitating Iran’s petroleum and petrochemical trade,” the State Department said. “We will not hesitate to take action against those who try to circumvent our sanctions.” Iran …

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases
2 years, 2 months ago

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

The Hindu  

In the first such move against oil shipments to India, the U.S. Treasury department announced it had imposed sanctions against a Mumbai based petrochemical company amongst several entities accused of selling Iranian petroleum products. “Today’s action targets Iranian brokers and several front companies in the UAE, Hong Kong, and India that have facilitated financial transfers and shipping of Iranian petroleum …

US Sanctions Indian Company for Buying Iranian Petrochemicals
2 years, 2 months ago

US Sanctions Indian Company for Buying Iranian Petrochemicals

News 18  

Mumbai-based Indian company Tibalaji Petrochem Pvt Ltd. is among several other firms listed under the sanction by the US Treasury Department for facilitating financial transfers and shipping of Iranian petroleum and petrochemical products. “India-based petrochemical company Tibalaji Petrochem Private Limited has purchased millions of dollars’ worth of Triliance-brokered petrochemical products, including methanol and base oil, for onward shipment to China,” …

US imposes sanctions on Indian company over alleged Iran oil deal
2 years, 2 months ago

US imposes sanctions on Indian company over alleged Iran oil deal

India TV News  

US sanctions Indian company: In what is likely the first action against an Indian company for allegedly dealing in Iranian petroleum products, the US Treasury Department has imposed sanctions on Mumbai-based Tibalaji Petrochem Private Limited. The sanctions came shortly after India's External Affairs Minister S. Jaishankar wrapped up his visit to Washington where he met several top officials, including Secretaries …

US sanctions traders of Iranian oil as nuclear talks stall
2 years, 2 months ago

US sanctions traders of Iranian oil as nuclear talks stall

Associated Press  

WASHINGTON — The U.S. on Thursday imposed sanctions on a group of firms it says have played a critical role in shipping sanctioned Iranian oil. The State Department designated two Chinese companies, and Treasury’s Office of Foreign Assets Control hit a network of companies based in Hong Kong, Iran, India and the United Arab Emirates. U.S. sanctions on Iran have …

With new sanctions, US vows to ‘severely restrict’ Iran oil sales
2 years, 2 months ago

With new sanctions, US vows to ‘severely restrict’ Iran oil sales

Al Jazeera  

The Biden administration explicitly links a fresh round of US sanctions to failure to restore the 2015 Iran nuclear agreement. Washington, DC – The Biden administration has announced a new round of sanctions against Iran, vowing to impose financial penalties on a “regular basis” in an effort to “severely restrict” Iranian oil and petrochemical exports. The administration of US President …

Treasury sanctions Iranian petrochemical firms tied to Asia
2 years, 5 months ago

Treasury sanctions Iranian petrochemical firms tied to Asia

Associated Press  

WASHINGTON — The Treasury Department said Wednesday that it has sanctioned a group of front companies and individuals tied to the sale and shipment of Iranian petroleum and petrochemical products to East Asia. Treasury’s Office of Foreign Assets Control imposed the sanctions on several companies, including Iran-based Jam Petrochemical Co., which has exported hundreds of millions of dollars worth of …

US imposes new Iran sanctions amid efforts to revive nuclear deal
2 years, 5 months ago

US imposes new Iran sanctions amid efforts to revive nuclear deal

Al Jazeera  

US measures targeting Iranian petroleum and petrochemical sales come ahead of Joe Biden’s visit to the region next week. The new measures, revealed on Wednesday, target “an international network of individuals and entities” that the Department of the Treasury said facilitated the sale of US-sanctioned Iranian petroleum and petrochemical products to East Asia. “While the United States is committed to …

US targets Chinese, UAE companies in new Iran sanctions
2 years, 6 months ago

US targets Chinese, UAE companies in new Iran sanctions

Al Jazeera  

US official says absent return to nuclear deal, Washington will use sanctions to limit Iranian petrochemical exports. The United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to “evade sanctions” by supporting the sale of Iran’s petrochemical products abroad. “Absent a deal, we will continue to …

US imposes sanctions over Iran’s ballistic missile programme
2 years, 8 months ago

US imposes sanctions over Iran’s ballistic missile programme

Al Jazeera  

Curbs target Iran-based agent and companies that the Biden administration says obtained supplies for Iran’s programme. In a statement on Wednesday, the US Treasury Department said the sanctions target an Iran-based procurement agent, Mohammad Ali Hosseini, and his network of companies that it accused of procuring “ballistic missile propellant-related materials”. Spokesman Saeed Khatibzadeh said the sanctions show the US “continues …

US, UK, Canada sanctions target Myanmar air force, ‘arms dealers’
2 years, 8 months ago

US, UK, Canada sanctions target Myanmar air force, ‘arms dealers’

Al Jazeera  

The United States, the United Kingdom and Canada have imposed coordinated new sanctions on Myanmar, focusing on senior military officials, including the newly-appointed chief of the air force and those linked to the arms trade in response to the military’s brutal crackdown on opponents to its rule. “We will continue to impose costs on the military regime and those who …

Group alleges US firm’s tanker illicitly traded Iran oil
2 years, 10 months ago

Group alleges US firm’s tanker illicitly traded Iran oil

Associated Press  

DUBAI, United Arab Emirates — A tanker owned by a Los Angeles-based private equity firm likely took part in the illicit trade of Iranian crude oil at sea despite American sanctions targeting the Islamic Republic amid the collapse of its nuclear deal with world powers, an advocacy group alleges. In a statement to the AP, Oaktree subsidiary Fleetscape — which …

US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea
3 years ago

US Imposes Financial Sanctions, Visa Bans On Individuals And Entities From China, Myanmar, North Korea

ABP News  

New Delhi: The United States imposed financial sanctions and visa bans on current and former government officials and entities from nine countries on Friday, reported AP. In an action marking the Human Rights Day, the US imposed sanctions on North Korea under the Biden administration and targeted the Myanmar military entities. Secretary of State Antony Blinken while announcing the measures …

US Moves to Tighten Iran Sanctions Enforcement as Nuclear Talks Stall
3 years ago

US Moves to Tighten Iran Sanctions Enforcement as Nuclear Talks Stall

News 18  

The Biden administration is moving to tighten enforcement of sanctions against Iran with the despatch of a senior delegation to the United Arab Emirates next week, the U.S. State Department said on Thursday. Then-president Donald Trump in 2018 pulled the United States out of a deal in which Iran agreed with major powers that it would curb its nuclear programme …

US announces new Iran sanctions, targeting Omani ‘broker’
3 years, 4 months ago

US announces new Iran sanctions, targeting Omani ‘broker’

Al Jazeera  

Sanctions come as talks stall between the Biden administration and Iran on restoring the nuclear deal. The United States imposed sanctions on an Omani businessman and companies linked to him over allegations of involvement in an oil-smuggling network that supports Quds Force of Iran’s Islamic Revolutionary Guard Corps. The sanctions targeted Mahmood Rashid Amur Al Habsi, described by the US …

Global stocks: Chinese markets slump as tit-for-tat sanctions raise tension with US and Europe
3 years, 9 months ago

Global stocks: Chinese markets slump as tit-for-tat sanctions raise tension with US and Europe

CNN  

Hong Kong CNN Business — Chinese stocks fell by as much as 3%on Tuesday as the United States and its allies announced new sanctions on Beijing, asign that its relationship with the West has hit another snag. China denounced the moves and hit back against the European Union almost immediately, announcing its own sanctions against 10 EU politicians and four …

China will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales
4 years, 1 month ago

China will impose sanctions on Boeing and Lockheed Martin over Taiwan arms sales

CNN  

Hong Kong CNN Business — Beijing said Monday that it will impose sanctions on American companies — including Lockheed Martin, Boeing, and Raytheon — that have been involved in selling weapons to Taiwan. The exact details of the sanctions have yet to be announced, but Zhao said they will apply to “relevant US individuals and entities that played a negative …

US Sanctions Chinese, UAE Firms Accused of Skirting Embargo on Iran Oil Exports
4 years, 3 months ago

US Sanctions Chinese, UAE Firms Accused of Skirting Embargo on Iran Oil Exports

News 18  

The United States on Thursday imposed sanctions against 11 Iranian, Chinese and United Arab Emirates companies accused of helping to bypass the American embargo on Iran’s oil exports. “Iran must stop exploiting its natural resources to fund terror and destruction across the region,” US Secretary of State Mike Pompeo warned in a tweet. The US State Department imposed punitive measures …

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