US Sanctions Target New Entities and Individuals in Malaysia

Introduction

In a move to tighten its grip on Iran’s energy sector, the United States has imposed sanctions on several entities and individuals in Malaysia as part of its ongoing campaign against Tehran.

Malaysian Companies Sanctioned

The following six Malaysian companies have been added to the list of sanctioned entities:

• SENSE SHIPPING AND TRADING SDN. BHD.
• UNICIOUS ENERGY PTE. LTD.
• ASIA FUEL PTE. LTD.
• MARUN SEPEHR OFOGH COMPANY
• MARUN SUPPLEMENTAL INDUSTRIES COMPANY
• MARUN TADBIR TINA COMPANY

These companies have ties to Iranian entities, which are already under sanction.

Individuals Sanctioned

The following individual has also been sanctioned by the US:

• Valentin Olegovich Karyagin (a.k.a. “Globus”), a Russian national who has been involved in Iran’s energy sector.

Background

Iran has long been subject to various economic sanctions due to its nuclear program and human rights record. The US has imposed additional sanctions on Tehran in recent years, including restrictions on its energy sector.

The sanctions announced by the US aim to restrict the flow of funds and resources to entities that support Iran’s nuclear program or other malign activities.