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US imposes sanctions on companies over deals with Iran, believing nuclear talks ‘stalled’

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Drafts for a possible new nuclear agreement have been circulating in recent days

MADRID, August 1 (EUROPA PRESS) –

The US Treasury Department on Monday announced new sanctions against companies and ships for failing to comply with sanctions imposed on Iran, despite recent positive signs of progress in negotiations to restore the 2015 nuclear deal.

Brian Nelson, the Treasury Department’s undersecretary for terrorism and financial intelligence, said sanctions have been imposed on four companies linked to the tens of millions of dollars in shipments of Iranian oil from Iran to East Asia.

“The United States remains on the path of diplomacy to bring about a mutual return to full implementation of the 2015 accord,” Nelson said. “Until then (…) we will continue to impose sanctions against the illegal sale of Iranian oil and petrochemicals,” he added.

The sanctioned companies include Blue Cactus Heavy Equipment and Machinery Spare Parts Trading LLC, a company based in the United Arab Emirates. Farwell Canyon HK Ltd., Shekufei International Trading Co. Ltd. and PZNFR Trading Limited were also sanctioned.

US Secretary of State Antony Blinken later said the sanctions were “against companies dealing in Iranian oil and petrochemicals.” “We will continue to use our powers against exports of these products until Iran is ready to return to fully implement its commitments as part of a mutual return to the Joint Comprehensive Plan of Action,” he added.


On the same Monday, Iran opted for an agreement to reinstate the 2015 nuclear deal from which Tehran has gradually withdrawn since the United States unilaterally abandoned it in 2018.

In the last few hours, the European Union’s High Representative for the Common Foreign and Security Policy, Josep Borrell, mediator in the negotiations, has exchanged several draft agreements with the United States and Iran for consideration.

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Source europapress.es

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