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US hits Iran with contemporary sanctions as Trump time period nears finish – world information

The US on Tuesday blacklisted a Chinese language firm that makes parts for metal manufacturing, 12 Iranian metal and metals makers and three foreign-based gross sales brokers of a significant Iranian metals and mining holding firm, looking for to deprive Iran of revenues as US President Donald Trump’s time period winds down.

In a press release, the US Treasury Division named the China-based firm as Kaifeng Pingmei New Carbon Supplies Know-how Co Ltd. (KFCC), saying it specialised within the manufacture of carbon supplies and offered hundreds of metric tonnes of supplies to Iranian metal firms between December 2019 and June 2020.

Among the many 12 Iranian firms blacklisted are the Pasargad Metal Advanced and the Gilan Metal Advanced Co, each of which have been designated underneath Govt Order 13871 for working within the Iranian metal sector.

The others are: Iran-based Center East Mines and Mineral Industries Improvement Holding Co (MIDHCO), Khazar Metal Co, Vian Metal Advanced, South Rouhina Metal Advanced, Yazd Industrial Constructional Metal Rolling Mill, West Alborz Metal Advanced, Esfarayen Industrial Advanced, Bonab Metal Business Advanced, Sirjan Iranian Metal and Zarand Iranian Metal Co.

The Treasury stated it was additionally designating MIDHCO’s Germany-based subsidiary GMI Tasks Hamburg GmbH, its China-based World Mining Business Co Ltd and UK-based GMI Tasks Ltd for being owned or managed by MIDHCO.

“The Trump Administration stays dedicated to denying income flowing to the Iranian regime because it continues to sponsor terrorist teams, help oppressive regimes, and search weapons of mass destruction,” Treasury Secretary Steven Mnuchin stated within the assertion. Trump’s time period ends on Jan. 20, when Democrat President-elect Joe Biden is to be sworn in to succeed him.

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