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US Targets Chinese Firms in New Iran Oil Sanctions

The United States imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia. (AFP)
The United States imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia. (AFP)
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US Targets Chinese Firms in New Iran Oil Sanctions

The United States imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia. (AFP)
The United States imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia. (AFP)

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear program.

The US Treasury and the US State Departments imposed sanctions on a total of six companies, four based in Hong Kong, one in Singapore, and one in the United Arab Emirates (UAE) in actions that were announced in separate statements.

The Treasury accused Persian Gulf Petrochemical Industry Commercial Co. (PGPICC), one of Iran's largest petrochemical brokers, of using the firms to facilitate the sale of Iranian petroleum and petrochemical products to East Asia.

The Treasury targeted UAE-based Blue Cactus Heavy Equipment and Machinery Spare Parts Trading L.L.C., which it said helped sell millions of dollars of Iranian-origin petroleum products to Hong Kong-based Triliance Petrochemical Co. Ltd., which has previously been sanctioned by the United States.

It also targeted Hong Kong-based Farwell Canyon HK Limited and Shekufei International Trading Co., Limited for facilitating such sales for onward shipment to buyers in East Asia.

The Treasury accused PGPICC of using the firms' bank accounts, along with those of Hong Kong and Malaysia-based PZNFR Trading Limited, to collect millions of dollars in proceeds.

Separately, the State Department sanctioned Singapore-based Pioneer Ship Management PTE LTD for allegedly managing a vessel that carried Iranian petroleum products and Hong Kong-based Golden Warrior Shipping, Co. Ltd., for alleged transactions related to Iranian oil and petroleum products.

The actions freeze US-based assets and generally bar Americans from dealing with them. Others that engage in certain transactions with the targeted firms also risk being sanctioned.

The steps represent the third round of US Iran-related sanctions against Chinese firms in the last two months.

Since taking office in 2021, US President Joe Biden has been loath to sanction Chinese entities engaged in oil trade with Iran due to hopes of securing an agreement to revive the 2015 Iran nuclear deal.

Efforts to resurrect the deal - under which Iran had curbed its nuclear program in exchange for relief from US and other sanctions - have so far failed, leading Washington to look for other ways to increase pressure on Tehran.

"The United States continues to pursue the path of diplomacy to achieve a mutual return to full implementation of the Joint Comprehensive Plan of Action," the Treasury's Under Secretary for Terrorism and Financial Intelligence, Brian Nelson, said in the statement, referring to the 2015 deal by its formal name.

"Until such time as Iran is ready to return to full implementation of its commitments, we will continue to enforce sanctions on the illicit sale of Iranian petroleum and petrochemicals."

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Danish Leader Tells the US ‘You Cannot Annex Another Country’ as She Visits Greenland

Denmark's Prime Minister Mette Frederiksen and Greenland's acting head of government Mute Bourup Egede attend a press conference aboard the Danish Navy inspection vessel Vaedderen, in the waters around Nuuk, Greenland, April 3, 2025. (Reuters)
Denmark's Prime Minister Mette Frederiksen and Greenland's acting head of government Mute Bourup Egede attend a press conference aboard the Danish Navy inspection vessel Vaedderen, in the waters around Nuuk, Greenland, April 3, 2025. (Reuters)
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Danish Leader Tells the US ‘You Cannot Annex Another Country’ as She Visits Greenland

Denmark's Prime Minister Mette Frederiksen and Greenland's acting head of government Mute Bourup Egede attend a press conference aboard the Danish Navy inspection vessel Vaedderen, in the waters around Nuuk, Greenland, April 3, 2025. (Reuters)
Denmark's Prime Minister Mette Frederiksen and Greenland's acting head of government Mute Bourup Egede attend a press conference aboard the Danish Navy inspection vessel Vaedderen, in the waters around Nuuk, Greenland, April 3, 2025. (Reuters)

Denmark's prime minister has told the US during a visit to Greenland that “you cannot annex another country,” even with the argument that international security is at stake.

US Secretary of State Marco Rubio, meanwhile, said on Friday that Washington will respect Greenland's self-determination and Copenhagen “should focus on the fact that the Greenlanders don’t want to be a part of Denmark.”

Danish Prime Minister Mette Frederiksen was wrapping up a three-day visit to the strategically critical Arctic island on Friday as US President Donald Trump seeks control of Greenland. He argues that Greenland, a semiautonomous territory belonging to the Kingdom of Denmark, is critical to US security.

A week ago, Vice President JD Vance visited a remote US military base in Greenland and accused Denmark of underinvesting in the territory.

Frederiksen pushed back against the US criticism as she spoke on Thursday alongside Greenland's incoming and outgoing leaders on board a Danish naval ship. She argued that Denmark, a NATO ally, has been a reliable friend.

Speaking in English, she said that “if we let ourselves be divided as allies, then we do our foes a favor. And I will do everything that I can to prevent that from happening.”

“When you ask our businesses to invest in the US, they do. When you ask us to spend more on our defense, we do; and when you ask of us to strengthen security in the Arctic, we are on the same page,” she said.

“But when you demand to take over a part of the Kingdom of Denmark’s territory, when we are met by pressure and by threats from our closest ally, what are we to believe in about the country that we have admired for so many years?”

“This is about the world order that we have built together across the Atlantic over generations: you cannot annex another country, not even with an argument about international security,” Frederiksen said.

The Danish leader said that, if the US wants to strengthen security in the Arctic, “let us do so together.”

Political parties in Greenland, which has been leaning toward eventual independence from Denmark for years, last week agreed to form a broad-based new coalition government in the face of Trump's designs on the territory. Those have angered many in Greenland and Denmark.

In an interview with Newsmax on Thursday, Vance repeated the accusation that Denmark has “really underinvested in the infrastructure and security of Greenland.”

He said Trump's point is that “this matters to our security, this matters to our missile defense, and we're going to protect America's interests come hell or high water.”

Danish Foreign Minister Lars Løkke Rasmussen, who was attending a meeting in Brussels with his NATO counterparts, wrote on social network X that he had an “honest and direct” meeting Thursday with Rubio.

“I made it crystal clear that claims and statements about annexing Greenland are not only unacceptable and disrespectful,” Løkke Rasmussen wrote. “They amount to a violation of international law.”

Rubio told reporters in Brussels Friday that “no one's annexed anything.” He added that Vance has made clear that “he's going to respect the self-determination of Greenlanders.”

“Denmark should focus on the fact that the Greenlanders don’t want to be a part of Denmark," Rubio said.

“We didn’t give them that idea. They’ve been talking about that for a long time,” he said. "Whenever they make that decision, they’ll make that decision.”

“If they make that decision, then the United States would stand ready, potentially, to step in and say, okay, we can create a partnership with you," Rubio said, adding that "we’re not at that stage.”