The United States on Thursday imposed sanctions on several companies and three individuals, accusing them of allowing the shipment and sale of Iranian petrochemicals, the Treasury Department said in a statement.
“Iran’s petroleum industry is a major source of revenue for the Iranian regime and funds its malign activities throughout the Middle East. Our actions today reaffirm the United States’ commitment to denying the Iranian regime the financial resources it needs to fuel terrorism and other destabilizing activities,” the statement said.
The Treasury imposed sanctions on six companies based in Iran, the United Arab Emirates and China that support Triliance Petrochemical Co. Ltd., which is blacklisted by the United States.
The Statement added that the US has also imposed sanctions on five entities for engaging in transactions related to Iran’s petroleum and petrochemical industry, as well as on three individuals.