United States Hits Iran With Fresh Sanctions

© twinsterphoto / Adobe Stock

© twinsterphoto/ Adobe Stock

The United States on Tuesday blacklisted a Chinese firm that makes components for steel manufacturing, 12 Iranian steel and also steels manufacturers and also 3 foreign-based sales representatives of a significant Iranian steels and also mining holding firm, looking for to rob Iran of incomes as UNITED STATE President Donald Trump’s term unwind.

In a declaration, the UNITED STATE Treasury Department called the China- based firm asKaifeng Pingmei New Carbon Materials Technology Co Ltd (KFCC), stating it concentrated on the manufacture of carbon products and also supplied hundreds of statistics tonnes of products to Iranian steel business in between December 2019 and also June 2020.

Among the 12 Iranian business blacklisted are the Pasargad Steel Complex and also the Gilan Steel Complex Co, both of which were assigned under Executive Order 13871 for running in the Iranian steel industry.

The others are: Iran- based Middle East Mines and also Mineral Industries Development Holding Co (MIDHCO), Khazar Steel Co, Vian Steel Complex, South Rouhina Steel Complex, Yazd Industrial Constructional Steel Rolling Mill, West Alborz Steel Complex, Esfarayen Industrial Complex, Bonab Steel Industry Complex, Sirjan Iranian Steel and also Zarand Iranian Steel Co.

The Treasury claimed it was likewise marking MIDHCO’s Germany- based subsidiary GMI Projects Hamburg GmbH, its China- based World Mining Industry Co Ltd and also U.K.-based GMI Projects Ltd for being had or managed by MIDHCO.

“The Trump Administration remains committed to denying revenue flowing to the Iranian regime as it continues to sponsor terrorist groups, support oppressive regimes, and seek weapons of mass destruction,” Treasury Secretary Steven Mnuchin claimed in the declaration.

Trump’s term upright January 20, when Democrat President- choose Joe Biden is to be promised in to prosper him.

(Reporting by Arshad Mohammed, Daphne Psaledakis and also Doina Chiacu; writiing by Arshad Mohammed; editing and enhancing by Doina Chiacu and also Jonathan Oatis)

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