USA imposes sanctions on 22 companies for helping Iran sell oil in parallel system

by Andrea
0 comments

The US Treasury Department announced on Wednesday new sanctions against 22 entities based on Hong Kong, United Arab Emirates and Turkey for helping to sell Iranian Iran’s Iran’s Iran Revolutionary Guard (IRGC-QF). According to the official statement, the paramilitary group is classified as a foreign terrorist organization (FTO) by the US.

“The Iranian regime depends strongly on its parallel banking system to finance nuclear weapon destabilizing programs and ballistic missiles, rather than benefiting the Iranian people,” said Treasury Secretary Scott Bessent. “The treasure is still focused on dismantling this obscure infrastructure that allows Iran to threaten the United States and our allies.”

According to the Treasury, facade companies outside Iran move “hundreds of millions of dollars” with Iranian oil profits, surrounding sanctions and allocating resources to IRGC-QF. Companies operate with electronic transfers and in kind payments, using offshore accounts to mask financial flows.

Free tool

XP Simulator

USA imposes sanctions on 22 companies for helping Iran sell oil in parallel system

Learn in 1 minute how much your money can yield

Sleeping companies include Pulcular Enerji (Turkey), Amy Trading, Global Peakway and Cetto International (Hong Kong), accused of intermediating illegal payments and transfers to IRGC-QF. The US government also highlights the role of Hezbollah linked Lebanese Screen, and the direct performance of Iranian officers in the operation of the scheme.

In addition, sanctions against Hong Kong -based companies that worked directly on the scheme, such as JTU Energy, Shelf Trade, Marmerth, Future Resource Trading, Moon Imp & Exp, Radix Trade, Gah Petrochemical Trading, Metallex Mist Trading, and Star Oilglobal, all accused of facilitating millionaire transfers on the name of the name IRGC-QF.

The announcement marks the second round of US sanctions against Iran’s so -called “shadow bank” network since Donald Trump’s presidential order that intensified the “maximum pressure” campaign against Tehran.

Source link

You may also like

Our Company

News USA and Northern BC: current events, analysis, and key topics of the day. Stay informed about the most important news and events in the region

Latest News

@2024 – All Right Reserved LNG in Northern BC