Sanctioning Facilitators of Iran’s Illicit Oil Gross sales

Today, the United States is stemming the move of income the Iranian regime makes use of to fund its destabilizing actions, together with its assist for terrorism overseas and the oppression of its personal individuals.

The Department of State is imposing sanctions on two China-based crude oil and petroleum merchandise terminal and storage operators which have facilitated the import of hundreds of thousands of barrels of illicit Iranian oil onboard a number of U.S.-designated tankers.  This motion is the Department’s fourth spherical of sanctions concentrating on China-based terminal operators, which play a significant function within the commerce community for Iranian crude oil that funds Iran’s terrorism overseas and destabilizes the area.

Concurrently, the Department of the Treasury is sanctioning Antonios Margaritis and his community of firms for exploiting his standing within the oil trade to illicitly commerce in Iranian petroleum.  The Treasury motion additionally targets different entities and vessels concerned in delivery Iranian oil.

The United States will proceed to take motion to implement National Security Presidential Memorandum 2.  This directive imposes most strain on the Iranian regime to disclaim it entry to revenues that fund its destabilizing actions. 

Today’s motion is being taken pursuant to Executive Order (E.O.) 13846 for knowingly participating in a major transaction for the transport of petroleum or petroleum merchandise from Iran, and E.O. 13902, which targets Iran’s petroleum sector.  Today’s motion additionally marks the most recent spherical of sanctions concentrating on Iranian oil gross sales because the President issued National Security Presidential Memorandum 2 (NSPM-2), instituting a marketing campaign of most financial strain on Iran.  For extra info on as we speak’s motion, please see the Department of the Treasury press releases.