‘To that end, we are taking steps to cut off the revenue streams that the Iranian regime uses to finance its nuclear programme and missile development, to support its terrorist proxies and partners, and to perpetuate conflict in the Middle East,’ US Secretary of State Anthony Blinken said in the wake of Iran’s 1 October attack on Israel.
The State Department will impose sanctions on six entities engaged in Iran’s oil trade and designate six vessels as blocked property.
At the same time, the Treasury Department, in consultation with the State Department, issued a decision that will lead to the imposition of sanctions against any person found to be operating in the oil or petrochemical sectors of the Iranian economy.
In addition, Treasury will sanction ten entities and designate 17 vessels as blocked property for their involvement in the shipment of Iranian oil and petrochemical products in support of US-designated entities, National Iranian Oil Company or Triliance Petrochemical Co Limited.
The following statement was used in the statement: ‘The United States is committed to restricting the sources of revenue Iran uses for its malign activities. As long as Iran continues to devote energy revenues to financing attacks on our allies, supporting terrorism around the world, and pursuing other destabilising actions, we will continue to use all tools at our disposal to hold it accountable. These measures will be strengthened by continued close coordination with our partners and allies to address and counter Iran’s actions.’
Iran Reportedly Using British Banking Giants to Evade Sanctions
