US imposes sanctions on companies for business with Iran, believes nuclear negotiations are «stalled»
The US Treasury Department on Monday announced new sanctions against companies and ships for non-compliance with sanctions imposed on Iran despite recent positive signs about progress in negotiations to salvage the 2015 nuclear deal.
Treasury Under Secretary for Terrorism and Financial Intelligence Brian Nelson explained that sanctions have been imposed on four companies linked to the shipment of Iranian oil from Iran to East Asia for tens of millions of dollars.
"The United States remains on the path of diplomacy to achieve a mutual return to full implementation" of the 2015 agreement, Nelson has noted. "Until then we will continue to enforce sanctions on the illicit sale of Iranian oil and petrochemicals," he added.
Among the sanctioned companies are Blue Cactus Heavy Equipment and Machinery Spare Parts Trading LLC, a company based in the United Arab Emirates. Farwell Canyon HK Ltd., Shekufei International Trading Co. Ltd., and PZNFR Trading Limited have also been sanctioned.
Later, U.S. Secretary of State Antony Blinken explained that these were sanctions "on entities that traded Iranian oil and petrochemicals." "We will continue to use our authority against exports of these products until Iran is ready to return to full implementation of its commitments under a mutual return to the Joint Comprehensive Plan of Action," the 2015 nuclear deal, he added.
