The UNITED STATEDepartment of the Treasury’s Office of Foreign Assets Control (OFAC) has actually done something about it versus a huge delivery network that, it claims, “is directed by and financially supports the Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF) and its terrorist proxy Hizballah.”
According to OFAC, over the previous year, the IRGC-QF has actually relocated oil worth numerous numerous bucks or even more via this network for the advantage of Syria’s Assad regimen, Hizballah, as well as various other immoral stars.
“Senior IRGC-QF official and former Iranian Minister of Petroleum Rostam Qasemi oversees this sprawling network, which features dozens of ship managers, vessels, and facilitators,” claims OFAC. “This complex network of intermediaries enables the IRGC-QF to obfuscate its involvement in selling Iranian oil. The IRGC-QF also relies heavily on Hizballah officials and front companies to broker associated contracts.”
OFAC likewise is providing a brand-new delivery advisory to the maritime area caution of these sorts of systems as well as the assents dangers related to obstructed individuals.
“Iran continues to take provocative actions to destabilize the region and the world. Treasury’s action against this sprawling petroleum network makes it explicitly clear that those purchasing Iranian oil are directly supporting Iran’s militant and terrorist arm, the IRGC-Qods Force,” claimedTreasury Secretary Steven Mnuchin “Our actions over the last two weeks should serve as a strong warning to anyone considering facilitating the Qods Force’s oil sales that there will be swift consequences.”
“The Iranian regime is leveraging a terrorist organization as its chief conduit for obfuscating and selling hundreds of millions of dollars of illicit oil to fuel its nefarious agenda. Iran’s exportation of oil directly funds acts of terrorism by Iranian proxies and atrocities by the Assad regime against innocent people,” claimed Sigal Mandelker, Under Secretary for Terrorism as well asFinancial Intelligence “This vast oil-for-terror shipping network demonstrates how economically reliant Tehran is on the IRGC-QF and Hizballah as financial lifelines. The international community must vehemently reject Iranian oil and related products in the same way that it rejects the violent acts of terrorism these networks fund.”
In springtime 2019 alone, this IRGC-QF-led network used greater than a lots vessels to carry virtually 10 million barrels of petroleum, mainly to the Syrian regimen. These deliveries, taken jointly, cost majority a billion bucks. The very same network likewise offered virtually 4 million barrels of condensate as well as numerous countless barrels in gas oil, generating one more quarter billion bucks.
Iranian authorities progressively look for to trick possible consumers right into purchasing Iranian oil. The network, run by IRGC-QF authorities Rostam Qasemi, tried on several celebrations to work off Iranian freight as Iraqi- beginning.
Today, OFAC is revealing the classification of some 16 entities as well as 10 people according to E.O. 13224, as well as is likewise recognizing 11 vessels as residential property in which obstructed individuals have a rate of interest. The IRGC as well as Hizballah, both recognized as Foreign Terrorist Organizations by the UNITED STATE Department of State under Section 219 of the Immigration as well as Nationality Act, are likewise marked according to E.O. 13224.
OFAC DELIVERY ADVISORY
Today OFAC likewise provided a brand-new advising to the maritime area to advise of the dangers included with joining immoral systems such as the IRGC-QF’s oil-for-terror delivery network. This advisory remains in enhancement to the Maritime Petroleum Shipping Community provided by OFAC on March 25, 2019, which cautions of assents dangers associated with oil deliveries to Syria, consisting of those from Iran.
Download the advising HERE
