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US sanctions companies in UAE, China over Iranian petrochemical sales

A slew of new sanctions in Trump administration's final weeks could complicate Biden's pledge to rejoin the Iranian nuclear agreement.
A picture taken on March 12, 2017, shows a view of an oil facility in the Khark Island, on the shore of the Gulf. / AFP PHOTO / ATTA KENARE        (Photo credit should read ATTA KENARE/AFP via Getty Images)

The Trump administration on Wednesday issued a new round of Iran-related sanctions, targeting four companies based in China and the United Arab Emirates accused of facilitating the export of Iranian petrochemical products. 

According to the US Treasury Department, the blacklisted companies provided Hong Kong-based Triliance Petrochemical with shipping services or financial transactions. Triliance itself was designated in January 2020 for alleged involvement in the sale of Iranian petrochemicals, crude oil and petroleum products. 

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