US imposes sanctions on Iranian oil tankers, but not those that delivered fuel to Venezuela

11 months ago

Sanctions against Iranian IRISL and its daughter R-Sail have already entered into force, any company that will cooperate with them may fall under them

The US Treasury has added more than 120 vessels and transport companies to the sanctions list for Iran.
The corresponding document was published on the website of the US Treasury on June 8, 2020.

The list includes oil tankers under the flag of Iran and transport companies associated with the transportation of energy resources.
In particular, the Iranian state shipping company Islamic Republic of Iran Shipping Line (IRISL) and its subsidiary E-Sail Shipping Company Ltd (E-Sail), which is based in Shanghai, fell under restrictions.

Sanctions were introduced in accordance with Decree No. 13,382 concerning individuals and companies involved in the development of weapons of mass destruction and their delivery systems.
The head of the US State Department, M. Pompeo, said that the IRISL has repeatedly transported cargo associated with Iranian ballistic missiles and military programs, calling the company also a carrier of other proliferation-sensitive items, including controlled by a group of nuclear suppliers.

M. Pompeo in his Twitter said that the sanctions against IRISL and R-Sail have already entered into force.
Any company that will work with IRISL or E-Sail or otherwise support them may be sanctioned.

It is noteworthy that the new list of sanctions imposed by the United States against Iran is related to the development of weapons, although oil tankers got into it.
At the same time, 5 Iranian tankers Clavel, Forest, Faxon, Fortune and Petunia, which in May-June 2020 delivered 1.5 million barrels to Venezuela. fuels, as well as catalysts for catcracking processes in oil refining, spare parts and other equipment for oil production and refining are not listed.
The Wall Street Journal (WSJ) reported that the United States planned to block the delivery of fuel from Iran to Venezuela.
In particular, it was not ruled out the imposition of sanctions against the crews of the ships that carried out the delivery, as well as the arrest of the tankers themselves if they entered ports of third countries for refueling.
At the same time, the United States imposed sanctions on 4 tankers that exported oil from Venezuela in February – April 2020 in early June 2020, promising to continue to impose sanctions on those who support the regime of N. Maduro, whom the United States considers illegitimate.

Iran, which has been under certain US sanctions since the 1970s, took the prospect of new US sanctions in connection with the supply of petroleum products to Venezuela calmly.
Iranian Ambassador to Venezuela H. Soltani said that oil is exported to Venezuela in accordance with international rules, despite US sanctions against both countries.
The representative of the Iranian Foreign Ministry, A. Mousavi, said that Iran is using the right to free trade with Venezuela and is ready to continue supplying petroleum products to the country, if requested.
Thus, Iran and Venezuela have created a supply and settlement mechanism, with deliveries fully paid (according to unofficial data, in gold bullion).
Countries are ready to expand cooperation – N. Maduro said that he would visit Iran soon.
During the visit, signing of agreements and documents on cooperation in the energy, financial, military, agricultural, technological, scientific fields, as well as in the field of healthcare and pharmaceuticals is expected.

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