On 16 June, OFAC imposed sanctions on a network of Iranian petrochemical producers, as well as front companies in the People’s Republic of China (PRC) and the UAE that support Triliance Petrochemical Co. Ltd and Iran’s Petrochemical Commercial Company (PCC), entities instrumental in brokering the sale of Iranian petrochemicals abroad. This network helps effectuate international transactions and evade sanctions, supporting the sale of Iranian petrochemical products to customers in the PRC and the rest of East Asia.
https://home.treasury.gov/policy-issues/financial-sanctions/recent-actions/20220616
https://home.treasury.gov/news/press-releases/jy0819
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