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Treasury sanctions Iran's petrochemical company affiliated with Asia

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The Associated Press

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FILE - Iran's top nuclear negotiator Ali Bagheri Kani listens to Russian Foreign Minister Sergey Lavrov during a meeting in Tehran, Iran, June 23, 2022. Iran and the United States appear poised to start indirect talks in Qatar aimed at finding a way to save Tehran's tattered nuclear deal with world powers. The state-owned Tehran Times posted a photograph on Tuesday, June 28, 2022, of Kani, in a hotel lobby with Iranian Ambassador to Qatar Hamidreza Dehghani.
File-Iran's top nuclear negotiator Ali Bagheri Kani is listening to Russian Foreign Minister Sergey Lavrov during a meeting in Tehran, Iran, on June 23, 2022. .. The state-run Tehran Times posted a photo of the crab in the hotel lobby on Tuesday, June 28, 2022, with the Iranian ambassador of Qatar Hamidrezadegani. Photo: Vahid Salemi/AP Communications

Washington (AP) — Treasury oil in Iran on Wednesday And authorized a group of front companies and individuals involved in the sale and shipment of petrochemical products to East Asia.

Treasury Department of Foreign Assets Control sanctions several companies, including Iran-based Jam Petrochemical Co., which exports hundreds of millions of dollars worth of products to Asian countries I imposed. Including China.

The administration is using the August 2018 Executive Order signed by then-President Donald Trump as the authority to impose sanctions.

This order addresses "threats posed by Iran, including the proliferation and development of Iran's missile and other asymmetric and conventional weapons capabilities, its networks and campaigns for invasion of the region" and other issues. To do.

In a statement, Brian E. Nelson, Deputy Secretary of State for Terrorism and Financial Information at the Ministry of Finance, said the United States would "achieve an agreement with Iran seeking a mutual return" to Iran's nuclear deal. I promise. " We will continue to use all authorities to enforce sanctions on the sale of Iran's petroleum and petroleum chemicals.

Iran is nursing a devastated economy where currencies have hit record lows after the United States withdrew from nuclear trading in May 2018.

President Joe Biden's administration has been working on renewing an agreement limiting Iran's nuclear program in exchange for billions of dollars in sanctions that Iran claims has never received.

In June, Iran prepares for new indirect negotiations to overcome the last hurdle to revive the tattered 2015 nuclear deal amid the heightened crisis over the country's nuclear program. He said it was done.

The Treasury has also designated UAE-based Iranian citizens Morteza Rajabieslami and Mahdieh Sanchuli as sanctions.

Also on Wednesday, the State Department imposed penalties on five groups and 15 people in Iran, Vietnam, Singapore, Hong Kong and the United Arab Emirates.

"Unless there is a diversion from Iran, we will continue to use sanctions to target the export of petroleum, petroleum products, and petrochemicals from Iran," the State Department statement said. I am saying.

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