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Tuesday 20th March 2018

New US Sanctions Target Iran's Petrochemical Industry

Politics

7Dnews London

Fri, 07 Jun 2019 15:18 GMT

New US sanctions imposed on Friday June 7th target Iran's petrochemical industry, including the country's largest petrochemical holding group over its financial support for Tehran's Revolutionary Guard Corps, the Treasury Department said in a statement, according to Reuters. 

"By targeting this network we intend to deny funding to key elements of Iran’s petrochemical sector that provide support to the IRGC," said Treasury Secretary Steven Mnuchin.  


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