US adds 11 companies to sanction list

The US blacklists 11 international companies for violating sanctions against Iranian exports of petroleum and petrochemicals, several media report.

Photo: POOL/REUTERS / X80003

The US has put 11 international companies under sanctions, several media outlets report. The companies have allegedly exported Iranian petroleum and petrochemical products, which is in violation of US sanctions against the country.

According to Reuters, six companies based in Iran, the United Arab Emirates and China have been blacklisted because they have enabled Iran to sell and export products from that category, thus supporting Triliance Petrochemical, which is based in Hong Kong and is also on the US' blacklist.

The US State Department has furthermore sanctioned five companies that, according to the authorities, have participated in transactions in deals with Iran's petroleum industry, while three executive officers have also been blacklisted.

"Our actions today reaffirm the United States' commitment to denying the Iranian regime the financial resources it needs to fuel terrorism and other destabilizing activities," says Secretary of State Mike Pompeo in a statement, according to Reuters.

Triliance Petrochemical, a brokerage firm, was put under sanctions in January due to allegations of a transaction worth millions of dollars to Iran's national oil company for Iranian petrochemicals, crude oil and petroleum products.

The blacklisted companies include Petrotech FZE and Trio Energy from the United Arab Emirates.

English Edit: Ida Jacobsen

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