Saturday , November 28 2020
The United States announced sanctions on 6 Chinese companies and 2 executives
The United States announced sanctions on 6 Chinese companies and 2 executives

The United States announced sanctions on 6 Chinese companies and 2 executives

The United States announced sanctions on 6 Chinese companies and 2 executives, claiming that they have transactions with Iran.

The US government, which frequently wields the sanctions stick, once again extended its “black hands” to Chinese companies. According to a Reuters report on the 20th, the US State Department issued a statement on the 19th, including six Chinese entities and two Chinese individuals on the sanctions list. Alleged that these entities and individuals had transactions with the shipping company of the Islamic Republic of Iran, and in some cases helped Iran evade US sanctions.

In the statement, the US State Department issued an allegation against IRISL, claiming that the Iranian government used the company to transport nuclear proliferation-sensitive items used in ballistic missiles and military projects. The US State Department also threatened, “Today, we once again issued a warning to stakeholders around the world that if you do business with the shipping company of the Islamic Republic of Iran, you will face the risk of US sanctions.

The United States announced sanctions on 6 Chinese companies and 2 executives

According to the US State Department statement, the six Chinese entities are Reach Holding Group (Shanghai) Company Ltd, Reach Shipping Lines, Delight Shipping Co., Ltd, Gracious Shipping Co. Ltd, Noble Shipping Co. Ltd, and Supreme Shipping Co. Ltd.

The two Chinese individuals are Eric Chen, CEO of Renda Holding Group (Shanghai) Co., Ltd., and Daniel Y. He, president of the company.

On June 8 this year, the US State Department accused Iranian IRISL and its Shanghai subsidiary E-Sail Shipping Company Ltd of engaging in acts related to nuclear proliferation. The US State Department warned at the time that any parties who continue to do business with the two companies will face US sanctions.

In the statement, the U.S. State Department accused the six Chinese entities of providing “important goods or services” related to Iran’s shipping activities even with the knowledge of the U.S. ban. This includes arranging berths for Iranian IRISL ships in Chinese ports, supplying or transferring large container ships, and providing related services to evade US sanctions.

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