US sanctions six Chinese companies for trade with Iran

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Washington [US],October 20,2020: The United States on Monday (local time) has imposed sanctions on six Chinese companies for their dealings with Islamic Republic of Iran Shipping Lines (IRISL), which is used by Iran to “transport proliferation-sensitive items intended for Iran’s ballistic missile and military programs”.
“The United States is sanctioning six entities and two individuals for conduct related to IRISL and its subsidiary, Hafez Darya Arya Shipping Company (HDASCO), pursuant to the Iran Freedom and Counter-Proliferation Act Section 1244 (IFCA 1244),” said State Secretary Michael Pompeo in a statement.
The State Department had designated IRISL and its Shanghai-based subsidiary E-Sail Shipping Company Ltd. on June 8 for their proliferation-related conduct.

The Department had also announced that if any stakeholder is found to be doing business with IRISL or E-SAIL then sanctions will be imposed on them as well.



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