From the Liveblog of
Thursday, October 29, 2020
US sanctions 8 entities for facilitating Iranian oil transactions
The US Treasury Department announces sanctions on eight entities linked to sale and purchase of Iranian petrochemical products.
The sanction companies — based in Iran, China and Singapore — are accused of facilitating transactions by Triliance Petrochemical Co. Ltd., which was sanctioned by the Treasury Department earlier this year.
“The Iranian regime benefits from a global network of entities facilitating the Iranian petrochemical sector,” Treasury Secretary Steven Mnuchin says in a statement. “The United States remains committed to targeting any revenue source the Iranian regime uses to fund terrorist groups and oppress the Iranian people.”
According to Treasury, Triliance has provided funding and support to the Islamic Revolutionary Guards Corps’ Quds Force, which is designated by the US as a terror group.
The Times of Israel Community.