The United States imposed sanctions on firms it said had transported or sold Iranian petroleum or petrochemical products in violation of U.S. restrictions, including two companies based in China. | Reuters
Iran’s mission to the United Nations in New York did not immediately respond to a request for comment.
Two of the sanctioned firms are based in China, with others in Vietnam and the United Arab Emirates, according to the Treasury Department’s Office of Foreign Assets Control. The sanctions freeze the firms’ U.S. assets and generally bar Americans from dealing with them. The U.S. issued the sanctions under a 2018 U.S. executive order that restored sanctions targeting Iran’s oil, banking and transportation sectors.Former U.S. President Donald Trump imposed the 2018 order after abandoning the 2015 nuclear deal, which reined in Iran’s nuclear program in return for relief from economic sanctions. President Joe Biden’s administration has tried but failed to revive the pact over the last two years.
On Thursday, the Treasury Department issued a general license authorizing limited transactions with the 20 sanctioned vessels under what it called a “wind-down” period through June 29, a document on its website showed.
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