US Sanctions Nine Entities of ‘Critical Role’ in Iranian Petrochemicals, Petroleum Trade

A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, on January 20, 2023. REUTERS/Kevin Lamarque/File Photo/File Photo
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, on January 20, 2023. REUTERS/Kevin Lamarque/File Photo/File Photo
TT
20

US Sanctions Nine Entities of ‘Critical Role’ in Iranian Petrochemicals, Petroleum Trade

A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, on January 20, 2023. REUTERS/Kevin Lamarque/File Photo/File Photo
A bronze seal for the Department of the Treasury is shown at the US Treasury building in Washington, US, on January 20, 2023. REUTERS/Kevin Lamarque/File Photo/File Photo

The United States on Thursday imposed sanctions on nine Iranian entities it accused of playing a critical role in the production of petrochemicals and petroleum.

Secretary of State Antony Blinken said in a statement that the latest sanctions were part of “continued efforts to enforce US sanctions on Iran’s petroleum and petrochemical trade and disrupt Iran’s efforts to circumvent sanctions.”

The Department of the Treasury said in a statement that it is designating six Iran-based companies involved in the sale and distribution of petrochemicals.

Among the Iranian companies targeted were petrochemical producer Amir Kabir Petrochemical Co. (AKPC), its subsidiary Simorgh Petrochemical Co. and four subsidiaries of previously sanctioned Marun Petrochemical Co.

Among the companies sanctioned are Laleh Petrochemical Company, Marun Tadbir Tina Company, Marun Sepehr Ofogh Company, and Marun Supplemental Industries Company, owned by Marun Petrochemical Company, which was previously designated for providing material support to Triliance Petrochemical Co. Ltd.

The Treasury Department is also designating two Singapore-based entities, Asia Fuel PTE. Ltd. and Unicious Energy PTE. Ltd., which have facilitated Triliance’s sale of petroleum products to customers in East Asia.

The Treasury Department is designating Malaysia-based Sense Shipping and Trading SDN. BHD., a front company that has facilitated the shipment of tens of thousands of metric tons of petrochemicals for Triliance.

“Today’s action demonstrates our continued efforts to enforce US sanctions on Iran’s petroleum and petrochemical trade and disrupt Iran’s efforts to circumvent sanctions," the statement stressed.

"The United States remains focused on targeting Tehran’s sources of illicit revenue, and will continue to enforce its sanctions against those who wittingly facilitate this trade," Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson said in the statement.



Türkiye Ups Border Security as Iran-Israel Conflict Rages

FILE PHOTO - Syrians wait at a checkpoint at the Syrian border crossing of Bab al-Hawa on the Syrian-Turkish border in Idlib Governorate January 21, 2015. REUTERS/Abed Kontar
FILE PHOTO - Syrians wait at a checkpoint at the Syrian border crossing of Bab al-Hawa on the Syrian-Turkish border in Idlib Governorate January 21, 2015. REUTERS/Abed Kontar
TT
20

Türkiye Ups Border Security as Iran-Israel Conflict Rages

FILE PHOTO - Syrians wait at a checkpoint at the Syrian border crossing of Bab al-Hawa on the Syrian-Turkish border in Idlib Governorate January 21, 2015. REUTERS/Abed Kontar
FILE PHOTO - Syrians wait at a checkpoint at the Syrian border crossing of Bab al-Hawa on the Syrian-Turkish border in Idlib Governorate January 21, 2015. REUTERS/Abed Kontar

Türkiye has stepped up security on its border with Iran since the start of Tehran's conflict with Israel, but has not yet seen any increase in people trying to cross the frontier, a Turkish Defense Ministry source said on Thursday.

Türkiye - a NATO member which shares a 560-km (350-mile) border with Iran - has condemned Israel's attacks on Iran, saying they violate international law.

It has also offered to help arrange a resumption of nuclear talks between Iran and the United States, according to Reuters.

"Intense security precautions have been taken via additional measures at all our borders including with Iran," the source said, speaking on condition of anonymity.

There were no signs of "a mass immigration wave toward Türkiye," the source added.

Türkiye already hosts millions of refugees, most of them from another neighbour, Syria, and says it cannot take any more.

On Wednesday, Turkish President Tayyip Erdogan condemned Israel's attacks on Iran as "state terrorism" and said Türkiye would raise its own defences to such a level that "nobody will even consider" attacking it.

Türkiye has long said it is working to build up its defences, including long-range missiles - though officials and analysts say its plan for a "Steel Dome" defense system along the lines of Israel's "Iron Dome" is years away.

Barin Kayaoglu, a professor of international relations at Ankara Social Sciences University, said that while Türkiye's air defense systems could be effective if Ankara ever faced conflict scenarios like the fighting between Iran and Israel, more units were needed.

"Türkiye needs to gain range, altitude and anti-ballistic missile capabilities," he told Reuters. Any "Steel Dome" system "probably needs another five-six years", he said.