The United States has blacklisted individuals to deal with Chinese companies, including Iran

The United States on Monday said it had blacklisted two Chinese individuals and six Chinese companies for entering into an agreement with the Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) and, in some cases, the United States. It helped him avoid sanctions.

 

The United States has blacklisted individuals to deal with Chinese companies, including Iran

The State Department named these entities Reach Holding Group (Shanghai) Company Limited. Reach shipping lines; Delight Shipping Co., Ltd Grace Shipping Company Limited Noble Shipping Company Limited And Supreme Shipping Company Limited

 

In a statement, it also said it had targeted Eric Chen, also known as Chen Guoping, chief executive of Reach Holding Group (Shanghai) Co., Ltd., and Daniel Yi, the company's president. Also known as

 

As a result of the US Treasury Department's listing of specially designated citizens, the assets of individuals and entities that come under US jurisdiction have been frozen’ and Americans have been barred’ from dealing with them in general.

 

"Today, we are repeating a warning to stakeholders around the world: If you do business with IRISL, you risk US sanctions," Secretary of State Mike Pompeo said in a statement.

 

Among other things, the State Department accused six agencies of providing "critical goods or services" used in Iran's shipping sector. He also alleged that Reach Holding Group and its Response Lines unit helped IRISL and its subsidiaries escape US sanctions.

 

The sanctions are the latest in a series of US sanctions imposed since President Donald Trump's 2015 decision to pull out of the Iran nuclear deal, which has been attacked’ by six major powers.

 

Under the deal, which was aimed’ at preventing Iran from acquiring nuclear weapons, Tehran pledged to limit its nuclear activities in exchange for a lifting of economic sanctions.

 

Trump says the 2015 deal did not limit Iran's regional and ballistic missile activities, and that economic pressure will force Tehran to reach a broader agreement. Iran denies acquiring nuclear weapons


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