Chinese, UAE firms targeted on US sanction on Iran

Reuters :
More than a dozen companies based in China, Hong Kong and the United Arab Emirates (UAE) were on Thursday hit by United States sanctions, accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia.
The latest U.S. move against Iranian oil smuggling comes as efforts to revive Iran’s 2015 nuclear deal have stalled and ties between Tehran and the West are increasingly strained as Iranians keep up anti-government protests.
Washington has increasingly targeted Chinese companies over the export of Iran’s petrochemicals as the prospects of reviving the nuclear pact have dimmed.
The U.S. Treasury Department in a statement said the 13 companies designated on Thursday facilitated the sales of hundreds of millions of dollars worth of Iranian petrochemicals and petroleum products to buyers in East Asia on behalf of companies under U.S. sanctions, including the National Iranian Oil Company and Triliance Petrochemical Co. Ltd.
“Today’s action further demonstrates the complex sanctions evasion methods Iran employs to illicitly sell petroleum and petrochemical products,” the Treasury’s Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said in the statement.
“The United States will continue to implement sanctions against those actors facilitating these sales.”
Among those designated were the United Arab Emirates and Hong Kong-based companies the Treasury accused of being tied to Triliance Petrochemical Co. Ltd., the latest action targeting what Washington says is the Hong-based firm’s evasion of U.S. sanctions.