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USA, Iranian Sanction Updates (III)  
administrator 19-06-13 09:48  

We have advised persons who buy, obtain, sell, carry, and/or marketing oil/chemical products from Iran may be subject to sanctions as US stopped participating JCPOA to snapback from withdrawal of Iranian nuclear sanctions effective from 5 November 2018.

US, who is recently applying powerful additional sanctions against Iran, added PGPIC (Persian Gulf Petrochemical Industries Company), who produces 40% of Iranian Petrochemicals and exports 50% of the same, as well as their subsidiaries, overseas sales agents, etc. into the SDN list as of 7 June 2019, for they are known to have been supporting IRGC. 

The companies added to the list includes branches in UAE and Philippines who is trading with persons worldwide, therefore it is recommended to take serious considerations before carrying cargoes (including chemical fertilizers) from such countries and their neighbors.

For more information, refer to the following webpage. 

https://home.treasury.gov/news/press-releases/sm703

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