The U.S. imposed sanctions on companies from China, Iran and the UAE | TOP-NEWS
The U.S. imposed sanctions on companies from China, Iran and the UAE

The U.S. imposed sanctions on companies from China, Iran and the UAE

Trump administration announces increased pressure on Tehran

On Friday, the outgoing U.S. administration imposed sanctions on a number of companies in Iran, China, and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines (IRISL).

U.S. Secretary of State Mike Pompeo clarified that a total of seven companies were sanctioned, including China’s Jiangyin Mascot Special Steel and Accenture Building Materials from the UAE. In addition, two individuals who transported steel to and from Iran were put on the sanctions list.

Pompeo added that the Iranian Maritime Industries Organization, the Iranian Aerospace Industries Organization, and the Iranian Aerospace Industries Organization were also sanctioned for the proliferation of conventional weapons.

This is the latest in a series of measures aimed at increasing pressure on Tehran taken in the final days of President Donald Trump’s administration, whose term ends Wednesday, January 20.

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