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U.S. Targets Hong Kong, UAE Companies with New Iran Sanctions

On Wednesday, the United States accused Hong Kong, Emirati and other companies of supporting the delivery and sale of Iran's petroleum and petrochemical products to East Asia. Imposed sanctions. Pressures Tehran as Washington seeks to revive Iran's nuclear deal in 2015.

In a statement, the U.S. Treasury said in a statement that a network of people and organizations used the web of front-end companies based in the Persian Gulf to deliver hundreds of millions of dollars of products from Iranian companies to East Asia. Said that it promoted sales. ..

In Doha last week, indirect negotiations between Tehran and Washington ended without a breakthrough on how to bail out Iran's 2015 nuclear deal.

"The United States has promised to reach an agreement with Iran calling for a mutual return to compliance with the Joint Comprehensive Plan of Action, but all to implement sanctions on the sale of Iran. "Oil and petroleum chemicals will continue to use the authorities," said Brian Nelson, Deputy Secretary of State for Terrorism and Financial Information at the Ministry of Finance.

Among those designated for Wednesday's relocation are Iran-based Jam Petrochemical Co., many of whom Washington has accused of exporting petrochemicals to companies across East Asia. Was sold for shipment to US-approved Iran Petrochemical Commercial Co. To China.

Jam did not immediately respond to the request for comment.

Also targeted was the Edgar Commercial Solution, which stated that the Treasury purchased and exported petrochemicals from a licensed Iranian company. Washington said the company used Rustro Industry Limited, a Hong Kong-based front company also designated Wednesday, to disguise its role in the bulk purchase of petrochemicals.

AliAlmutawa Petroleum and Petrochemical Trading, which Washington said was a front company for the US-licensed Triliance Petrochemical Co., was one of the United Arab Emirates-based companies subject to the proceedings.

Reuters was unable to solicit comments from Edgar Commercial Solutions, Lustro Industry Limited, Ali Almutawa Petroleum and Petrochemical Trading.

Companies based in Vietnam and Singapore have also been designated.

This move freezes US assets of designated people and generally prohibits Americans from dealing with them. People who deal with targeted people and organizations may also be subject to sanctions.