U.S. Imposes Fresh Sanctions On Iran’s Petrochemical Companies
The United States Sanctions on the Iranian regime all sources of revenue to fund its volatile economic activities. The U.S. State Department sanctions on Chinese Petrochemical company, Shandong Qiwangda Petrochemical Co. Ltd., Hong Kong-based Triliance Petrochemical, and Hong Kong entity Jiaxiang Industry, Hong Kong Limited intentionally buying, acquiring, selling, or engaging in a significant transaction. Transport of petrochemical products from Iran, according to Executive Order (EO) 13846. United states sanctions on two executive officers of these companies, Managing Director Ali Bayandarian of Triliance Petrochemica company,l and Chairman and Legal Representative Zhiqing Wang, of Shandong Qiwangda Petrochemical Co., Ltd. These companies have collectively transferred millions of dollars to NIOC, financing Iran's Islamic Revolutionary Guard Corps-QDS Force (IRGC-QF) and terrorist groups and militias around the Middle East, targeted entities continue Iran's petrochemical and petroleum exports, US sanctions, All institutions and individuals in the petrochemical sector should take notice. Until the Iranian regime will not stop its volatile activities, Iranian regime will continue to face greater economic pressure and diplomatic isolation. Our sanctions will remain unchanged until Iran changes its behavior. We will continue to highlight the malicious activities of the regime, self-dealing and outright harassment.