Treasury Sanctions Key Actors in Iran s Steel Sector marketswired.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketswired.com Daily Mail and Mail on Sunday newspapers.
TEHRAN: A handout photo released by the Iranian army on Tuesday shows officials inspecting drones on display before a military drone drill at an undisclosed location. AFP
WASHINGTON: 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 US President Donald Trump’s term winds down.
In a statement, the US Treasury Department named the China-based company as Kaifeng Pingmei New Carbon Materials Technology Co Ltd. (KFCC), saying it specialised in the manufacture of carbon materials and provided thousands of metric tonnes of materials to Iranian steel companies between December 2019 and June 2020.
U S Slaps New Sanctions On Key Iranian Metals Industry batonrougepost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from batonrougepost.com Daily Mail and Mail on Sunday newspapers.
Follow RT on US President Donald Trump has approved new sanctions on Iran in his final weeks in office. Washington hopes to increase the pressure on Tehran by targeting the nation’s steel sector.
“Twelve Iranian producers of steel and other metals products” were placed on a new blacklisted entities list, according to the US Treasury website. This includes the Pasargad Steel Complex and the Gilan Steel Complex Company, both of which produce millions of tons of steel billets per year.
On top of that, a Chinese carbon supplier to Iran, Kaifeng Pingmei New Carbon Materials Technology, is also embroiled in the new round of US restrictions
January 6, 2021 Share
The United States has sanctioned entities and individuals associated with Iran’s steel industry, the U.S. Treasury Department said Tuesday, the latest move in a U.S. pressure campaign against Tehran in the waning days of Donald Trump’s presidency.
The U.S. Treasury Department said in a statement that it blacklisted more than a dozen entities and one person.
The sanctions were imposed on the Chinese-owned Kaifeng Pingmei New Carbon Materials Technology Co., Ltd. (KFCC), a manufacturer of carbon materials, key elements in steel production.
The Treasury Department said the company sold materials and equipment to a steel company in Iran through an Iranian trading firm between December 2019 and June 2020. The company was targeted “for having materially assisted, sponsored or provided financial, material or technological support for, or goods or services in support of Iranian steelmaker Pasargad Steel Complex.”