AIRLINK 194.83 Decreased By ▼ -3.14 (-1.59%)
BOP 9.81 Decreased By ▼ -0.23 (-2.29%)
CNERGY 7.36 Increased By ▲ 0.07 (0.96%)
FCCL 38.58 Increased By ▲ 2.58 (7.17%)
FFL 16.45 Decreased By ▼ -0.46 (-2.72%)
FLYNG 27.54 Increased By ▲ 2.50 (9.98%)
HUBC 131.75 Decreased By ▼ -2.28 (-1.7%)
HUMNL 13.86 Decreased By ▼ -0.28 (-1.98%)
KEL 4.66 Decreased By ▼ -0.12 (-2.51%)
KOSM 6.66 Decreased By ▼ -0.28 (-4.03%)
MLCF 45.39 Increased By ▲ 0.41 (0.91%)
OGDC 213.99 Decreased By ▼ -4.24 (-1.94%)
PACE 6.86 Decreased By ▼ -0.08 (-1.15%)
PAEL 40.06 Decreased By ▼ -1.36 (-3.28%)
PIAHCLA 16.79 Decreased By ▼ -0.07 (-0.42%)
PIBTL 8.32 Decreased By ▼ -0.14 (-1.65%)
POWER 9.43 Increased By ▲ 0.04 (0.43%)
PPL 182.19 Decreased By ▼ -3.74 (-2.01%)
PRL 41.83 Increased By ▲ 0.56 (1.36%)
PTC 24.56 Decreased By ▼ -0.21 (-0.85%)
SEARL 102.53 Decreased By ▼ -2.12 (-2.03%)
SILK 1.00 Decreased By ▼ -0.01 (-0.99%)
SSGC 39.44 Decreased By ▼ -1.47 (-3.59%)
SYM 17.33 Decreased By ▼ -0.72 (-3.99%)
TELE 8.76 Decreased By ▼ -0.15 (-1.68%)
TPLP 12.75 Decreased By ▼ -0.09 (-0.7%)
TRG 65.40 Decreased By ▼ -1.20 (-1.8%)
WAVESAPP 11.11 Decreased By ▼ -0.19 (-1.68%)
WTL 1.70 Decreased By ▼ -0.08 (-4.49%)
YOUW 3.94 Decreased By ▼ -0.06 (-1.5%)
BR100 11,988 Decreased By -121.3 (-1%)
BR30 36,198 Decreased By -400.2 (-1.09%)
KSE100 113,443 Decreased By -1598.8 (-1.39%)
KSE30 35,635 Decreased By -564.3 (-1.56%)

TEHRAN: Iran on Tuesday slammed as “destructive” new US sanctions targeting its crucial energy sector and vowed a response, at a time when nuclear talks have stalled for months.

US President Joe Biden’s administration “is not stopping this unproductive and destructive action even at a time when efforts are underway to resume negotiations to revive the Iran nuclear deal,” said foreign ministry spokesman Nasser Kanani.

Iran will “show a firm and immediate response” to the sanctions announced the previous day and “take all necessary measures to neutralise” their potential impacts on the country’s trade, Kanani vowed in a statement.

The US government blacklisted six companies Monday that it said helped Iran export petrochemicals to East Asia in avoidance of sanctions over Tehran’s nuclear programme.

Three Hong Kong-based trading companies and one United Arab Emirates firm were hit with US Treasury sanctions for helping Iran’s Persian Gulf Petrochemical Industry Commercial Co. ship “millions of dollars worth” of petroleum and petrochemical products to unnamed East Asian buyers, the Treasury said.

In addition, the US State Department blacklisted two shipping firms, based in China and Singapore, for helping arrange the shipments.

US targets Chinese, UAE firms in new Iran oil sanctions

The sanctions block any assets the entities own under US jurisdiction and ban US persons or entities from doing business with them, effectively constricting their access to the global financial system.

The move came as talks in Vienna between Iran and several major powers, including the United States, to revive the frayed 2015 international agreement on the Iranian nuclear programme have been at a standstill since March.

Last Tuesday, EU foreign policy chief and coordinator of the nuclear talks between Iran and world powers, Josep Borrell, submitted a new draft text and urged all sides to accept it or “risk a dangerous nuclear crisis”.

Kanani criticised the Biden administration for “continuing and even expanding” the “failed” policies of his predecessor Donald Trump, who unilaterally withdrew the United States from the nuclear deal in 2018.

Tehran, for its part, has been gradually backing away from its obligations.

Iran had expressed “optimism” on Monday that the nuclear talks would resume after Borrell’s draft compromise was reviewed.

Comments

Comments are closed.