Global Trade Alert
Global Trade Alert

United States of America: Department of Treasury sanctions the facilitators of the sale of Iranian petrochemicals and petroleum products to end users in South and East Asia

Announcement

29 Sep 2022

In September 2022, the Office of Foreign Assets Control (OFAC) of the US Treasury announced sanctions against several entities from Iran, UAE, Hong Kong, and India due to their involvement in the sale of Iranian petrochemicals and petroleum products to end users in South and East Asia.

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Number of interventions

1

1 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

29 Sep 2022

Revocation date:

No revocation date

Updated: 29 Sep 2022
Controls on commercial transactions and investment instruments In force
On 29 September 2022, the U.S. Department of Treasury imposed sanctions on a number of companies including international companies from UAE, Hong Kong, and India involved in the sale of Iranian petroc...
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