The United States has taken action to disrupt the financial flow of the Iranian regime by imposing sanctions on seven entities engaged in Iranian petroleum products and petrochemical products trade. The Department of State designated four sellers of Iranian petrochemicals, one purchaser, and three shipping facilitators for knowingly engaging in significant transactions related to the sale of Iranian energy products.
The sanctions target companies such as Solvent Organics FZE, Alseerah Trading LLC, Harold Trading L.L.C., Shivnani Organics FZE, Kimpas Kimyevi Maddelear Pazarlama Ticareti Sanayi Anonim Sirketi, and Keyhan Sanjesh Azma. These entities have generated hundreds of millions of dollars in illicit funds for Iran's destabilizing activities.
The sanctions also identify two vessels, ELOISE and OLIA, managed by Vroom Marine Venture FZE, which are being blocked property due to their involvement in transporting Iranian petroleum products. The Department of State is also sanctioning one marine management company for transporting Iranian petroleum products, further disrupting the regime's energy exports.
The action is part of Executive Order 13846, which authorizes and reimposes certain sanctions with respect to Iran. The sanctions are designed to prevent the Iranian regime from generating revenue through illicit means and to disrupt its ability to evade sanctions.
As a result of today's sanctions-related actions, all property and interests in property of the designated persons described above that are in the United States or in possession or control of U.S. persons are blocked and must be reported to the Department of Treasury's Office of Foreign Assets Control (OFAC).