Jun 10, 2019, 3:24 PM
Journalist ID: 1853
News Code: 83346235
1 Persons
End of a dream; US double standards still going on

Tehran, June 9th, IRNA – While President Donald Trump has formed a coalition of countries to send a message of mediation to Tehran, and US Secretary of State Mike Pompeo just a week before had spoken of Washington's readiness for a dialogue without a precondition with Tehran on June 7, the US Treasury Department's Foreign Assets Control Office imposed new sanctions against Iran's petrochemical sector.

In a statement, The US Treasury Department announced imposing sanctions against the Persian Gulf Petrochemical Company and a network of 39 subsidiaries and registered sales agents outside Iran. The US Treasury Department has sanctioned NPC International Company, based in London, and two sales agents operating in the United Arab Emirates (UAE).

Foreign Ministry Spokesman Seyyed Abbas Mousavi on Saturday described the US Treasury Department’s measure as an example of economic terrorism and in continuation of the White House's ongoing hostilities against the Iranian nation, saying, "It took only one week of patience to see the absurdity of claim by the president of the United States for negotiating with Iran proven.”

At the same time, he said, “This is a wrong path, and the US government can be sure that it will not achieve any of the goals set for this policy.

What is the Americans' claim for new sanctions?

In their new sanctions against Iran, the Americans have announced another excuse other than Iran's nuclear activities, an excuse that is rooted in the action about a month ago in the United States and that it is calling the Islamic Revolution Guard Corps (IRGC) as a terrorist entity.

US Treasury Secretary Steve Mnuchin said on Friday that the United States was claiming the new sanctions are to prevent the financial assistance of the petrochemical industry to the IRGC.

According to the Treasury Secretary, the goal of the country is to restrict the funds of petrochemical companies. US Deputy Secretary of State for Terrorism and Financial Intelligence Sigal Mandelker said that the IRGC has been systematically integrated into sensitive sectors of the Iranian economy by repeating the alleged claims of the US officials against our country.

US national security Advisor John Bolton was among the first ones to react to these sanctions, and in a false and defamatory message claimed that “Iran is spending its money on financing and directing terrorism", which led to serious economic problems and worse.

He further argued that President [Trump] gave Iran an opportunity for a better future, claiming that, first, the government should end its "forty years of terrorism".

US Secretary of State Mike Pompeo wrote on his Twitter, "The maximum pressure on the Iranian government is continuing."

He claimed that the Treasury Department had imposed sanctions on Iran's petrochemicals sector, which "pays for Iran's Revolution Guard Corps". America does not allow the money that the government needs to destabilize the Middle East.

Sanctions that are mild, unsuccessful

Exporting petrochemicals alongside oil and gas exports is one of the most important sources of Iran's foreign exchange income, which the United States has targeted after its exit from the JCPOA. Indeed, in the second wave of sanctions re-imposed on Iran, the US in mid-November last year, had sanctioned approximately 15 petrochemical companies, including the National Iranian Petrochemical Company, Tabriz Petrochemicals, Qaed Basir Petrochemicals, Bandar Imam, Booali Sina, Mobin and Marjan.

However, this is not the first time that the United States has sanctioned Iran's petrochemical sector. Prior to the signing of the nuclear deal, the United States placed eight Iranian petrochemical companies in the possession or in the hands of the government on its sanctions list, but during the same period Iran's petrochemical exports had declined, but routinely production, trade, and also development continued and none of the target markets was lost, although the sanction had created some problems and costed much more than normal.

Iran exports petrochemicals to more than 60 countries. Most of these countries have been customers of Iranian petrochemical products for years and petrochemicals of other countries cannot replace Iran's. Moreover, the export of petrochemical products, especially solids, cannot be entitled to sanctions because,if sanctions are imposed by the US, at least 80 percent of the industry's products are solid and easier to move, with the least fluctuations. In fact, petrochemical experts and oil field activists believe that the conditions of petrochemicals are more complex than oil. Most of the world's petrochemical complexes have evaluated the market according to the principles of commerce before they produce petrochemicals, and each of them has a monopoly market. Under such conditions, replacing Iranian petrochemicals with other products in the market is complicated and requires great and long-term investments.

On the other hand, Iran's petrochemical products are broad. There are more than 250 to 300 varieties of grade in Iran's petrochemical portfolio, based on this variety of products, the export market of our country has also expanded. Replacing this massive market is not an easy task, and the world's petrochemical companies do not go under this amount of investment because this market may not be forever.

In this context, according to a report by some US officials and analysts, Reuters reported that the new sanctions imposed on the Iranian petrochemical sector would not have much effect by the US Treasury Department.

The US government's new sanctions were imposed on Iran on Friday while over past weeks and on several occasions, Donald Trump had raised over and over from various podiums the issue of negotiating with Iran, with several countries Oman to Iraq involved. 

Senior Japanese and European officials were sent to Tehran to persuade Iran to negotiate with the US.

Addressing a news conference with his Swiss counterpart, the US secretary of state voiced Washington's readiness to negotiate with Iran without preconditions, which provided a good ground for psychological war against Iran and the dropping of a ball on the court of Tehran. Negotiations as many analysts, have said is the other side of the coin of exerting maximum pressure on the Islamic Republic.


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