Washington, October 12 (IANS) The US has imposed new sanctions on Israel’s oil and petrochemicals sectors in the wake of the ballistic missile attack by Iran on October 1 against Israel.
According to a statement released by the State Department, the department is “imposing sanctions on six entities engaged in Iranian petroleum trading and designating six vessels as ‘blocked property'”.
According to the department, they have knowingly been a part of a significant transaction for the purchase, acquisition, sale, transportation or marketing of petroleum or petroleum products from Iran.
The statement said the Treasury Department “has made a decision that sanctions will also be imposed against individuals determined to work in the petroleum or petrochemical sectors of the Iranian economy,” Xinhua news agency reported.
“Additionally, Treasury is imposing sanctions on 10 entities and identifying 17 vessels as blocked assets because they are involved in the shipment of Iranian petroleum and petrochemical products,” the statement said.
The Treasury Department believes today’s sanctions are aimed at preventing Iran from diverting revenues from its energy industry to finance dangerous and destructive activities.
US national security adviser Jake Sullivan said in a statement that the decision “will prevent Iran from curbing its missile programs and from providing any further support to terrorist groups that threaten or attack America’s allies.” Let’s work.”
–IANS
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