Several companies have been found to be helping Tehran bypass the devastating US sanctions currently being implemented; The companies now being targeted are located in Dubai (UAE), Hong Kong (China), and Shanghai (China).
Multiple companies have been found to be helping Iran bypass US sanctions that have been implemented by the Trump administration after its withdrawal from the 2015 Joint Comprehensive Plan of Action (JCPOA), or Iran Nuclear Deal. The White House is now targeting those companies with sanctions for their role(s) in helping Tehran to continue export goods in violation of the sanctions.
The companies involved are Triliance Petrochemical Co. Ltd and Sage Energy HK Limited. Another China-based company that is involved is Peakview Industry Co Ltd, and the company based in the United Arab Emirates (UAE) is Beneathco DMCC. Two other companies being targeted are Jiaxiang Industry Hong Kong Limited as well as Shandong Oiwangwa Petrochemical Co Ltd. Not only are these several companies being targeted with new US sanctions, but also specific individuals by the names of Ali Bayandrian and Zhiqing Wang.
These new sanctions will have serious economic implications as they will forbid US companies and citizens from doing business with those involved, and will also target foreign companies who get involved with these companies and/or individuals. This move is a continuation of the Trump administration’s ‘maximum pressure’ campaign, determined to put an end to the Iranian terror regime. US Secretary of State Mike Pompeo tweeted, “Maximum pressure on the Iranian regime will continue until its behavior changes. Today we imposed sanctions against China, Hong Kong, and UAE-based entities for operating in Iran’s oil and petrochemical sectors. If you facilitate this regime’s activities, you will be sanctioned.”
