SpaceWar.com - Your World At War
US sanctions Chinese, Russian firms over Iran dealings
Washington, Nov 28 (AFP) Nov 28, 2020
The US on Friday announced economic sanctions on Chinese and Russian companies that Washington said had supported the development of Iran's missile program.

The four firms, accused of "transferring sensitive technology and items to Iran's missile program," will be subject to restrictions on US government aid and on their exports for two years, Secretary of State Mike Pompeo said in a statement.

The sanctions, imposed Wednesday, were against two Chinese-based companies, Chengdu Best New Materials and Zibo Elim Trade, as well as Russia-based Nilco Group and Joint Stock Company Elecon.

"We will continue to work to impede Iran's missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the PRC (China) and Russia, that provide missile-related materials and technology to Iran," Pompeo added.

President Donald Trump withdrew the US in 2018 from the Iran nuclear deal established three years prior under then-President Barack Obama.

Trump has since reimposed crippling sanctions on the Islamic republic in what he calls a campaign of "maximum pressure."

The Trump administration has also since shown its determination to sanction any foreign country or company that does not comply with its Iran policies.


ADVERTISEMENT




Space News from SpaceDaily.com
Perseverance rover cleared for long distance Mars exploration
Possible "superkilonova" exploded not once but twice
Origami style lunar rover wheel expands to climb steep caves

24/7 Energy News Coverage
The Quantum Age will be Powered by Fusion
Physicists map axion production paths inside deuterium tritium fusion reactors
Hybrid excitons speed ultrafast energy transfer at 2D organic interface

Military Space News, Nuclear Weapons, Missile Defense
SDA expands Tracking Layer satellite awards and related missile defense contracts
Space Systems Command activates System Delta 80 for assured space access
Rheinmetall ICEYE Space Solutions to provide SAR reconnaissance data to German military

24/7 News Coverage
Philosopher argues AI consciousness may remain unknowable
Climate driven model explores Neanderthal and modern human overlap in Iberia
Economic losses from natural disasters down by a third in 2025: Swiss Re



All rights reserved. Copyright Agence France-Presse. Sections of the information displayed on this page (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence, you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the content of this section without the prior written consent of Agence France-Presse.