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US Blacklists Chinese Shipowner in New Sanctions against Iran

January 13, 2020

In the latest sanctions, the US Treasury targeted Iran’s billion-dollar metal industry and senior regime officials clamping down on the country’s remaining revenue sources. A total of 17 Iranian metals producers and mining companies were listed in the latest group of sanctioned entities.

“We are also designating Iran’s largest metals manufacturers, and imposing sanctions on new sectors of the Iranian economy including construction, manufacturing, and mining. These sanctions will continue until the regime stops the funding of global terrorism and commits to never having nuclear weapons,” Treasury Secretary Steven T. Mnuchin said.

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