US Issues Sanctions for Support of Iranian Petrochemical Exports
The U.S. sanctioned one person and five entities for supporting the sale of Iranian petrochemical products, the Treasury Department said Dec. 16. Treasury sanctioned China-based Donghai International Ship Management Limited and Petrochem South East Limited, and United Arab Emirates-based Alpha…
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Tech Trading FZE and Petroliance Trading FZE. The State Department sanctioned Vietnam Gas and Chemicals Transportation Corporation and its managing director Vo Ngoc Phung, Treasury said. Treasury said the people and entities are involved in “significant transactions for the transport of petroleum products from Iran.” The agency said the four entities it sanctioned helped Hong Kong-based Triliance Petrochemical Co. Ltd. (see 2001230040) -- which was sanctioned in January -- export energy products from Iran.