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US Sanctions Multiple Mainland CN/ HK Firms Over Alleged Iran Weapons Supply Chain
The US, ahead of US President Donald Trump's China trip on Wednesday (13th) this week, imposed sanctions on 10 individuals and entities, including companies based in Mainland C...
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US Sanctions Multiple Mainland CN/ HK Firms Over Alleged Iran Weapons Supply Chain
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The US, ahead of US President Donald Trump's China trip on Wednesday (13th) this week, imposed sanctions on 10 individuals and entities, including companies based in Mainland China and Hong Kong, for allegedly assisting Iran in procuring weapons and in acquiring raw materials required for manufacturing Shahed drones and ballistic missiles.

The sanctioned Mainland China and Hong Kong companies reportedly include Yushita Shanghai International Trade Co Ltd of China, Hitex Insulation Ningbo Co Ltd of China, HK Hesin Industry Co Ltd of Hong Kong and Mustad Ltd of Hong Kong.

Related NewsExports YoY for Apr in China is 14.1%, higher than the previous value of 2.5%. The forecast was 7.9%.
The US Department of the Treasury stated that it stands ready to take action against any foreign companies supporting Iran's illicit trade, and may impose secondary sanctions on foreign financial institutions that facilitate Iran-related activities.

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