Iran TerrorismUS Sanctions 5 Companies That Help Iran’s Regime Sell...

US Sanctions 5 Companies That Help Iran’s Regime Sell Petroleum and Petrochemicals

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Iran's regime terror fund

By Jubin Katiraie

The US Treasury has sanctioned companies that facilitated the sale of petroleum and petrochemicals to the Iranian regime.

This is despite the efforts of the Iranian regime to use the coronavirus outbreak as an excuse to remove the US sanctions. In the past days, all the regime’s official tried their chance, calling on different international communities and allied governments like China to put pressure on the US to remove the sanctions.

As the facts in the past show, this regime is absolutely not concerned about the people and will use the money coming from any removed restrictions for its malign activities. So, the right way is to put more pressure on this regime.

Noting that the US government emphasizes that the path of all humanitarian supports to Iran is fully open. But this is the regime that has rejected them many times. And the people are paying the price of it.

Not to forget that the regime intentionally ignored the coronavirus outbreak in Qom city, first not to lose the chance to show its false legitimation to the world at the price of the people’s life. And second, because quarantining any place and city has its costs and this regime was not interested to pay it, while it must pass up the support of its proxy groups around the world. And that is absolutely impossible for this regime.

The US Treasury website on Thursday, March 5 wrote: “The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) today took action against five United Arab Emirates (UAE)-based companies that facilitate the Iranian regime’s petroleum and petrochemical sales.”

“In 2019, these five companies collectively purchased hundreds of thousands of metric tons of petroleum products from the National Iranian Oil Company (NIOC).  Iran’s petroleum and petrochemical industries are major sources of revenue for the Iranian regime, which has used these funds to support the Islamic Revolutionary Guard Corps-Qods Force’s (IRGC-QF) malign activities throughout the Middle East, including the support of terrorist groups.  At least three of these companies have falsified documents to conceal the Iranian origin of these shipments.”

“The Iranian regime uses revenues from petroleum and petrochemical sales to fund its terrorist proxies, like the IRGC-QF, instead of the health and well-being of the Iranian people,” said Secretary Steven T. Mnuchin.  “The Trump Administration will continue to target and isolate those who support the Iranian regime and remains committed to facilitating humanitarian trade and assistance in support of the Iranian people.”

The Treasury Department’s Foreign Assets Control Office sanctioned these companies:

  • Petro Grand FZE
  • Alphabet International DMCC
  • Swissol Trade DMCC
  • Alam Althrwa General Trading LLC
  • Alwaneo LLC Co.

 

Read More:

How Does the Iranian Revolutionary Guards (IRGC) Make Money? – Part 1

 

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