Biden Starts Dropping Iran Sanctions
John Hayward 11 Jun 2021
The Biden administration on Friday lifted sanctions against three former Iranian officials and two companies that did business in Iran with its oil companies.
Administration officials insisted the sanctions relief was routine and merited by a “verified change in behavior or status on the part of the sanctioned parties,” but the action was widely interpreted by the media as a signal to Tehran that Biden is ready to make further concessions to reverse President Donald Trump’s exit from the nuclear deal.
The Office of Foreign Assets Control (OFAC) at the U.S. Treasury Department announced Thursday it had lifted sanctions from National Iranian Oil Company managing director Ahmad Ghalebani, Hong Kong Intertrade Company managing director Farzad Bazargan, and Naftiran Intertrade Company Sarl commercial director Mohammad Moinie.
It also partially lifted sanctions on the Sea Charming Shipping Company Ltd. and Aoxing Ship Management Shanghai Ltd.
The Obama administration listed Ghalebani and Bazargan for sanctions in 2013 when it took action against 20 individuals and entities for “their involvement in Iran’s nuclear and missile proliferation networks and Iran’s continued attempts to circumvent sanctions.” The Hong Kong Intertrade Company was also part of that May 2013 action.