Hong Kong; Hong Kong

Hong Kong, China; Room D5, 5/F, King Yip Factory Building, 59 King Yip Street, Kwun Tong, Kowloon, Hong Kong, China

75866174, Business Registration Number; 3333594, Company Number

Sepehr Energy controls Hong Kong-based front companies Xin Rui Ji Trad Co., Limited (Xin Rui Ji); Star Energy International Limited (Star Energy); and Milen Trading Co., Limited (Milen Trading), using them to broker and receive shipments of Iranian oil delivered to independent so-called teapot refineries in China. These companies are established and operate in China, but their commercial activities are controlled by Sepehr Energy and its officials, including sanctioned Sepehr Energy official Elyas Nirumand Toomaj (Toomaj). Accounts held by Star Energy have moved tens of millions of dollars on behalf of Sepehr Energy. Similarly, Sepehr Energy used Star Energy and Milen Trading to receive a shipment of its oil at Rizhao Port, China, and subsequently deliver the oil to its buyer. Xin Rui Ji, Star Energy, and Milen Trading are being designated pursuant to E.O. 13224, as amended, for being owned, controlled, or directed by, or having acted or purported to act for or on behalf of, directly or indirectly, Sepehr Energy.

https://home.treasury.gov/news/press-releases/sb0139

2025-05-13

US

Iranian Financial Sanctions Regulations, 31 CFR part 561

OFAC country specific

Iran

Blocking Property, Suspending Entry, Trade sanctions

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

On August 16, 2010, OFAC issued the Iranian Financial Sanctions Regulations, 31 CFR part 561 (75 FR 49836, August 16, 2010) (IFSR) to implement provisions of the Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 (Pub. L. 111–195) (22 U.S.C. 8501–8551). Since then, OFAC has amended the IFSR several times.

SDN