US imposes sanctions on several companies for evading Iranian sanctions

Updated: Sep 29 2022 11:54PM

Washington, Sep 29 (PTI) The US on Thursday imposed sanctions on several companies including those based in China, Hong Kong, India and the UAE for facilitating financial transfers and shipping of Iranian petroleum and petrochemical products.

The US is taking further action to disrupt efforts to evade sanctions on the sale of Iranian petroleum and petrochemical products, Secretary of State Antony Blinken said.

Specifically, the Department of State is imposing sanctions on two People’s Republic of China (PRC)-based entities: Zhonggu Storage and Transportation Co Ltd, which operates a commercial crude oil storage facility for Iranian petroleum that provides a vital conduit for the Iranian petroleum trade, as well as WS Shipping Co Ltd, the ship manager for a vessel that has transported Iranian petroleum products, he said.