Lates News

On February 25th local time, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) updated the "Specially Designated Nationals List" to impose sanctions on numerous individuals, entities, and vessels related to Iran. The targets of this round of sanctions include four Iranian individuals all linked to the Iranian Aviation Industries Organization; multiple shipping and trading companies located in Iran, Turkey, the United Arab Emirates, Panama, the Marshall Islands, and Liberia were listed in connection with Iran's oil and liquefied gas transportation network; at least 13 oil tankers and liquefied gas transport ships were included in the sanctions list, with the vessels flying flags of Panama, Palau, Barbados, Vanuatu, Comoros, and Iran. The U.S. Treasury Department stated that the individuals and entities mentioned above will face asset freezes and restrictions on transactions with the U.S. financial system. (CCTV)