US Sanctions Chinese, UAE-Based Companies Over Sale of Iranian Petrochemicals

The United States on Wednesday said it has imposed sanctions on several companies that have been involved in the export of Iranian petrochemical.

The emblem of the U.S. Treasury Department in Washington. Mladen Antonov/AFP/Getty Images

The United States on Dec. 16 said it has imposed sanctions on several companies that have been involved in the export of Iranian petrochemical products, accusing them of financing Iran’s Islamic Revolutionary Guard Corps-Qods Force and its terrorist proxies.

The U.S. Department of Treasury said in a press release that it clamped down on United Arab Emirates-based companies Alpha Tech Trading FZE and Petroliance Trading FZE; and Chinese-based companies Donghai International Ship Management Ltd. and Petrochem South East Ltd.