The US on Thursday imposed sanctions on 20 shipping vessels and petrochemical companies in the latest measures enacted against Iran.
Among the companies affected is Vietnam-based company Golden Lotus Oil Gas and Real Estate Joint Stock Company.
The sanctions imposed are part of a broader effort by the US government to limit Iran´s power and influence on the global stage.
The State Department has issued a press release stating that the government is committed to significantly reducing Iranian energy exports and will sanction those facilitating Iran’s petroleum and petrochemical trade, in accordance with the section 3(a)(ii) and 3(a)(iii) of the Executive Order 13846.
The government is designating sanctions to those who are “knowingly engaging in a significant transaction for the transport of petroleum products from Iran,” the State Department said in a press release.
The Department is also designating three entities for “knowingly engaging” in a significant transaction for the transport of petrochemical products from Iran, and additionally Iran-based entities for “knowingly engaging”, as it is said, in a significant transaction for the sale of petrochemical products from Iran.
“As a result of today’s actions, all property and interests in property of these targets that are in the United States, or in possession or control of U.S. persons must be blocked, and reported to OFAC. Furthermore, anyone conducting transactions that involve the designated entities, and identified vessels risks exposure to U.S. sanctions,” in accordance with the statement of US State Department.