U.S. Treasury Dept. sanctions the Persian Gulf Petrochemical Industries Company (PGPIC), for providing financial support to Khatam al-Anbiya Construction Headquarters (Khatam al-Anbiya), the IRGC's engineering conglomerate.
home.treasury.gov/news/press-rel…
irannewswire.org/irans-petroche…
Knowingly providing insurance or re-insurance for the transport of Iranian petroleum & petrochemical products is sanctionable.
Back in July 2018, China decided to procure its petrochemical needs from Saudi Arabia, ending such imports from #Iran.
entekhab.ir/fa/news/419262… …
#Iran's regime released a significant portion of its petrochemical currency to inject currency into the country's market.
akairan.com/hm651rsb.%D9%8… …
Tehran is now deprived of this vital source of cash.
Workers of the regime's petrochemical industry have a long history of holding strikes & protesting paycheck delays.
(File photos included)
These sanctions will increase pressure targeting the mullahs' apparatus.