Iranian-Russian 'Oil Smuggling' Network Hit With U.S. Sanctions
OilPrice
https://oilprice.com/Latest-Energy-News/World-News/Iranian-Russian-Oil-Smuggling-Network-Hit-With-US-Sanctions.html
May 25, 2022
Washington has imposed sanctions on an oil smuggling network led by figures connected to Iran’s Revolutionary Guards and allegedly backed by the Russian government.
“
Today, the U.S. is sanctioning an international oil-smuggling and money laundering network used to generate revenue for Iran. Anyone purchasing oil from Iran faces the prospect of U.S. sanctions,” the U.S. Department of Treasury tweeted Wednesday.
Among the sanctioned
are current and former members of Iran’s Revolutionary Guards Quds force, along with Chinese companies and one former Afghan diplomat.
On the Russian side, the sanctions target RPP LLC, which the Treasury Department says is the company used to help launder millions of dollars for the Quds Force. Also accused is UAE-based Zamanoil DMCC, which the Treasury Department claims is working with the Kremlin and Rosneft to ship Iranian oil to companies in Europe.
The
sanctions come as the U.S. hits a wall with Iran nuclear talks and a return to the full implementation of the Joint Comprehensive Plan of Action (JCPOA).
Until a nuclear deal is reached, the
White House says sanctions on Iran’s oil trade will be strictly enforced.
..the
National Iranian Oil Co. claimed that the country could double its crude oil exports if sanctions were removed.
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SANCTION THEM ALL.
Thank You President Biden
