US SLAPS SANCTIONS ON CHINESE FIRMS FOR TRANSFERRING OIL TO IRAN




Selin ATAY-TDO-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 U.S. Treasury Department announced that it placing sanctions on five Chinese nationals and six entities, including two Cosco Shipping Corporation subsidiaries.

China, which is embroiled in a series of disputes with the United States including a trade war, is believed to be the biggest foreign buyer of Iranian oil.

“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.

“The more Iran lashes out the greater our pressure will and should be,” Pompeo said. “That path forward begins now with two new actions.”

In a speech to the annual gathering of world leaders on Tuesday, U.S. President Donald Trump promised to keep trying to squeeze Iran’s economy with sanctions until Tehran agrees to give up what Washington says is a pursuit of nuclear weapons.“All nations have a duty to act. No responsible government should subsidize Iran’s bloodlust. As long as Iran’s menacing behavior continues, sanctions will not be lifted, they will be tightened,” Trump said.


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