Tuesday, December 06, 2022

US sanctions two Chinese companies used by Iran to evade oil veto

EEUU sanciona dos empresas chinas

Secretary of State Antony Blinken. Photo: Courtesy What’s Going On

The United States on Thursday approved two Chinese companies, Among other companies, that would have been used by Iran to sell oil and evade US sanctions against its oil fields.

“The United States is taking these steps to avoid sanctions against the sale of its oil and petrochemical products to Iran,” Secretary of State Antony Blinken said in a statement.

In particular, the Treasury Department imposed sanctions on the Chinese company Zhonggu Storage and Transportation, which “operates a critical Iranian crude storage facility for Iran’s oil trade,” Blinken said.

Also against China’s WS Shipping, a “ship manager who has transported Iranian oil,” he said.

In addition to these two companies, the US Treasury approved eight companies linked to the Iranian oil sector with headquarters in Iran, Hong Kong, India and the United Arab Emirates, but did not provide further details.

America imposed sanctions on two Chinese companies

The leader of US diplomacy said his country would “continue to increase sanctions against the sale of oil and petrochemical products” while Iran “continues to accelerate its nuclear programme.”

“Anyone involved in facilitating these illegal transactions should immediately stop to avoid sanctions by the United States,” the secretary warned.

Iran has been negotiating for 16 months with Germany, France, the United Kingdom, Russia, China and the United States indirectly to restore the 2015 nuclear deal, which limited the Iranian nuclear program in exchange for the lifting of sanctions. And the one who left it in 2018 was the then US President, Republican Donald Trump.

The European Union last month submitted a definitive text to revive the treaty, but Iran has stipulated that the UN nuclear agency close its investigation into the discovery of undeclared trace amounts of uranium in Tehran.

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