“…our mission set is twofold: to prevent Iran from getting a nuclear weapon, and then to make sure that that country, the world’s largest state sponsor of terror, can’t inflict harm on Americans. So we do everything we can each day to reduce that risk, all the while trying to deliver on the President’s commitment, which says we want to make sure we’re taking care of Americans. So reducing our risk, reducing the number of American young men and women who are at risk in the Middle East is a twin objective for President Trump.”
– Secretary Pompeo, Interview with WFLA-AM Tampa Bay, January 23, 2020
THE UNITED STATES IMPOSES FURTHER SANCTIONS ON IRAN’S PETROCHEMICAL INDUSTRY
- The Department of State is imposing sanctions on Chinese company Shandong Qiwangda Petrochemical Co. Ltd., Hong Kong-based Triliance Petrochemical, and Hong Kong entity Jiaxiang Industry Hong Kong Limited for knowingly engaging in a significant transaction for the purchase, acquisition, sale, or transport of petrochemical products from Iran, pursuant to Executive Order (E.O.) 13846.
- The State Department is also imposing sanctions on two of the executive officers of the companies identified above, Ali Bayandarian, managing director of Triliance Petrochemical, and Zhiqing Wang, chairman and legal representative of Shandong Qiwangda Petrochemical Co., Ltd.
- The Department of the Treasury is also designating Triliance Petrochemical, Hong Kong entity Sage Energy HK Limited, Chinese entity Peakview Industry Co., and UAE entity Beneathco DMCC, for assisting or supporting the previously sanctioned National Iranian Oil Company (NIOC), pursuant to E.O. 13846. These entities have collectively transferred hundreds of millions of dollars to NIOC, which has been instrumental in financing Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and the terrorist groups and militias around the Middle East that it supports.
- Please see the Department of Treasury Statement for more information.
- The entities targeted today continued to facilitate Iran’s petrochemical and petroleum exports contrary to U.S. sanctions. All entities and individuals in the petrochemical sector should take notice. The United States will not waver in its commitment to sanctions enforcement. As long as the Iranian regime continues to exploit revenue from its petroleum and petrochemical industries to fund destabilizing activities, we will sanction any entity or individual that facilitates such trade.
- The Iranian regime must cease its destabilizing activities or it will continue to face even greater economic pressure and diplomatic isolation. Our sanctions will remain in place until Iran changes its behavior. We will continue to expose the regime’s malign activities, self-dealing, and outright oppression.
- For more information, please see the Statement from Secretary Pompeo.
NOTABLE TWEETS THIS WEEK:
@SecPompeo January 23
Maximum pressure on the Iranian regime will continue until its behavior changes. Today we imposed sanctions against China, Hong Kong, and UAE-based entities for operating in Iran’s oil and petrochemical sectors. If you facilitate this regime’s activities, you will be sanctioned.
@statedeptspox January 22
Congratulations to Iranian-American and new #NASA astronaut Jasmin Moghbeli! In 1979, her parents fled #Iran. Today, she aims for the stars and may become the first woman to go to the moon. Her success shows what women can do without the constraints of an oppressive regime.
@SecPompeo January 20
We applaud the announcements of Colombia, Honduras, and Guatemala to designate #Iran-backed #Hizballah a terrorist organization. It and other transnational terrorist groups remain active in the region. The U.S. continues to rally international support to counter these threats.