Hong Kong; Hong Kong

Flat/Rm A 12/F ZJ 300, 300 Lockhart Road, Hong Kong, China

3207669, C.R. No.; 74597457, Trade License No.

In early 2024, Hong Kong-based Master Joint Co., Limited was used by U.S.-sanctioned Iranian trader Triliance Petrochemical Company to coordinate the sale of Iranian petrochemicals. Master Joint Co., Limited is being designated for operating in the petroleum and petrochemical sectors of the Iranian economy. Triliance Petrochemical Company was designated pursuant to E.O 13846 on January 23, 2020, for, on or after November 5, 2018, having materially assisted, sponsored, or provided financial, material, or technological support for, or goods or services in support of, the National Iranian Oil Company.

https://home.treasury.gov/news/press-releases/jy2758

2024-12-19

US

Executive Order 13902 of January 10, 2020 Imposing Sanctions With Respect to Additional Sectors of Iran

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

• https://ofac.treasury.gov/faqs/topic/1551

E.O. 13902 imposes sanctions with respect to any person determined by the Secretary of the Treasury, in consultation with the Secretary of State, to operate in the construction, mining, manufacturing, and textiles sectors of the Iranian economy, and any additional sectors of the Iranian economy as may be determined by the Secretary of the Treasury, in consultation with the Secretary of State. On October 8, 2020, the Secretary of the Treasury identified the financial sector of the Iranian economy for additional sanctions under E.O. 13902. Iranian and non-Iranian persons operating in these sectors could be subject to sanctions pursuant to E.O. 13902.

SDN