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US sanctions firms in China, UAE over Iranian oil sales

The latest sanctions follow designations for Iranian state-run media staff and firms sending drones to Russia.
A picture shows an oil facility in the Khark Island, on the shore of the Gulf, on February 23, 2016.

The US Treasury Department announced new sanctions Thursday targeting 13 companies it said were part of a network supporting the sale of Iranian oil and petrochemicals.

Based in China, Hong Kong and the United Arab Emirates, the designated companies are accused of facilitating the sale of hundreds of millions of dollars’ worth of Iranian petrochemicals and petroleum products to buyers in East Asia on behalf of previously sanctioned Iranian companies, including the National Iranian Oil Company.

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