US imposes sanctions on Iranian mining, steel companies

TEHRAN, Jan. 05 (MNA) – The US Treasury said that it has added to the Iran-related sanctions lists as many as 16 companies, most of which are involved with mining and the production of steel.

The latest round of sanctions targets a Chinese supplier of graphite electrodes to Iran, 12 Iranian steel producers, and three foreign-based sales agents of a major Iranian mining holding company, the US Treasury Department said in a statement on Tuesday, Sputnik News reported.

The sanctions appear to be part of the Trump administration's maximum pressure on Iran which according to many experts, has failed to meet the White House's goals.

FA/PR

News Code 168141

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