The U.S. Treasury Department imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from Iran and the United
The U.S. Treasury Department imposed sanctions on more than 20 companies in a network that it said has long sent Iranian oil to China, days after negotiators from Iran and the United States concluded a fourth round of nuclear talks.
The network facilitated the shipment of oil worth billions of dollars to China on behalf of Iran’s Armed Forces General Staff and its front company, Sepehr Energy, Treasury said. Washington designated Sepehr in 2023.
The U.S. sanctioned companies including CCIC Singapore PTE, which it said helped Sepehr by concealing the oil's Iranian origins and carried out pre-delivery inspections required before oil was transferred to China. It also sanctioned Huangdao Inspection and Certification Co Ltd for having assisted Sepehr with oil cargo inspection services to vessels that had already been sanctioned.
Treasury also sanctioned Qingdao Linkrich International Shipping Agency Co Ltd, which it said has assisted Sepehr Energy-chartered vessels with arrivals and discharges at Qingdao Port as its designated port agent.
The Chinese embassy in Washington and the Iranian mission in New York did not immediately respond to requests for comment.
The sale of the oil helped fund the development of Iranian ballistic missiles and drones, nuclear proliferation, and attacks by
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