US imposes sanctions on Chinese companies over Iran

TEHRAN, Oct. 19 (MNA) – The US has imposed Iran-related sanctions on five Hong-Kong shipping companies, one Australian entity, and one Chinese investment group.

The US has imposed Iran-related sanctions on five Hong-Kong shipping companies, one Australian entity and one Chinese investment group, the US Department of the Treasury said, Sputnik News reported.

Delight Shipping Co Ltd, Gracious Shipping Co Ltd, Noble Shipping Co Ltd, Reach Holding Group, Reach Shipping Lines, Supreme Shipping Co Ltd were added to the Specially Designated Nationals list, according to the statement.

The Treasury also slapped three individuals with sanctions for dealings with Iran.

On Sunday, US Secretary of State Mike Pompeo said Washington would sanction "any individual or entity that materially contributes to the supply, sale, or transfer of conventional arms to or from Iran" after a decade-long UN arms embargo on Iran expired.

Pompeo's statement came after a decade-long UN arms embargo on Iran expired, allowing Tehran to buy foreign weapons.

FA/PR

News Code 164923

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