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Thursday , August 13 2020

U.S. SANCTIONS CHINESE UNITS

The United States is imposing new sanctions on certain Chinese entities and people who it accuses of knowingly transferring oil from Iran in violation of Washington’s curbs on Tehran, US Secretary of State Mike Pompeo said on Wednesday.

The US Treasury Department announced that it placing sanctions on five Chinese nationals and six entities, including two Cosco Shipping Corporation subsidiaries. “And we are telling China, and all nations: know that we will sanction every violation,” Pompeo said at a conference on the sidelines of the United Nations General Assembly in New York.

Attacks on Sept 14 on the oil facilities of Saudi Arabia, widely blamed on Iran, have rattled the Middle East and raised concerns about a broader war. Iran denies involvement. “The more Iran lashes out the greater our pressure will and should be,” Pompeo said. “That path forward begins now with two new actions.”

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