rss icon Subscribe
desktop mobile

US Hits Iran With Fresh Sanctions

© twinsterphoto / Adobe Stock

The United States on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a major Iranian metals and mining holding company, seeking to deprive Iran of revenues as U.S. President Donald Trump's term winds down.

In a statement, the U.S. Treasury Department named the China-based company as Kaifeng Pingmei New Carbon Materials Technology Co Ltd. (KFCC), saying it specialized in the manufacture of carbon materials and provided thousands of metric tonnes of materials to Iranian steel companies between December 2019 and June 2020.

Among the 12 Iranian companies blacklisted are the Pasargad Steel Complex and the Gilan Steel Complex Co, both of which were designated under Executive Order 13871 for operating in the Iranian steel sector.

The others are: Iran-based Middle East Mines and 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 Zarand Iranian Steel Co.

The Treasury said it was also designating MIDHCO's Germany-based subsidiary GMI Projects Hamburg GmbH, its China-based World Mining Industry Co Ltd and U.K.-based GMI Projects Ltd for being owned or controlled 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 said in the statement.

Trump's term ends on January 20, when Democrat President-elect Joe Biden is to be sworn in to succeed him.


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

Jan 5, 2021

 

Legal

US Imposes Fresh Sanctions on Iran

© R. Jeff Huth / Adobe Stock

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for

Deal on Marine Mammal Oil Spill Response Program for Western Alaska

Photo: The Alaska Chadux̂ Network (ACN) and the Alaska SeaLife Center (ASLC)

The Alaska Chadux̂ Network (ACN) and the Alaska SeaLife Center (ASLC) have finalized an agreement

Report: Nord Stream 2 Set to Resume Pipelaying Works in Danish Waters

Fortuna pipelayer - Photo by Christoph Brilke/MarineTraffic.com

The Russia-led Nord Stream 2 consortium said on Thursday that work to lay its subsea gas pipeline

Government Update

US Imposes Fresh Sanctions on Iran

The United States on Friday sanctioned companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three

Wolfson Takes the Helm at Norfolk Naval Shipyard

Captain Dianna Wolfson took the helm January 15 as the 110th commander of Norfolk Naval Shipyard (NNSY) and first female leader in its 253-year history. (Photo: Shelby West / Norfolk Naval Shipyard)

Captain Dianna Wolfson took the helm Friday as the 110th commander of Norfolk Naval Shipyard

Deal on Marine Mammal Oil Spill Response Program for Western Alaska

The Alaska Chadux̂ Network (ACN) and the Alaska SeaLife Center (ASLC) have finalized an agreement to develop and implement a program to respond to oil spill impacted marine

Maritime Apps