Categories: Bureaucratic Fraud

Sanctioning a China-Based “Teapot” Refinery to Pressure Iran Further

The United States is today sanctioning Shandong Shengxing Chemical Co., Ltd, a China-based independent “teapot” refinery, for purchasing more than a billion dollars’ worth of Iranian crude oil. The President is committed to drive Iran’s illicit oil exports, including to China, to zero.

The United States is also imposing sanctions on several companies and vessels involved in facilitating Iranian oil shipments to China as part of Iran’s “shadow” fleet. This is the United States’ second action against an independent China-based teapot refinery since President Trump issued National Security Presidential Memorandum 2 on February 4, 2025.

All sanctions will be fully enforced under the Trump Administration’s maximum pressure campaign on Iran.

As Long as Iran attempts to generate oil revenues to fund its destabilizing activities, the United States will hold both Iran and all its partners in sanctions evasion accountable.


Source link
Corruption Buzz

Share
Published by
Corruption Buzz

Recent Posts

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4518474/us-2nd-fleet-international-partners-commence-fleet-exercise-250/" on this server. Reference #18.6bcfdb17.1781632412.2bd7bc9b https://errors.edgesuite.net/18.6bcfdb17.1781632412.2bd7bc9b…

28 minutes ago

Access Denied

Access Denied You don't have permission to access "http://www.war.gov/News/News-Stories/Article/Article/4518325/marine-corps-opens-2026-warrior-games-with-strong-showing/" on this server. Reference #18.6bcfdb17.1781628761.2b7a4efd https://errors.edgesuite.net/18.6bcfdb17.1781628761.2b7a4efd…

1 hour ago

Fyre Festival Organizers Accused of Fraud in $100 Million Lawsuit – Time Magazine

Fyre Festival Organizers Accused of Fraud in $100 Million Lawsuit  Time Magazine Source link

2 hours ago

Exclusive: GSK Probing Corruption Charges in UAE – VOA – Voice of America English News

Exclusive: GSK Probing Corruption Charges in UAE  VOA - Voice of America English News Source link

3 hours ago

Fraud becoming major problem In sports trading card industryPARA: – upi.com

Fraud becoming major problem In sports trading card industryPARA:  upi.com Source link

3 hours ago

China’s Priority Changes Impact Pharmaceutical Chemicals – C&EN

China’s Priority Changes Impact Pharmaceutical Chemicals  C&EN Source link

4 hours ago