Wednesday, Jan 6 2021 | Time 02:40 Hrs(IST)
image
  • US imposes Iran-related sanctions on Chinese firm, 15 other entities
  • Covid-19: 20 new cases detected in Kolhapur
  • Ward officer among 2 arrested in bribery case in Nashik
  • Iran detects new SARS-CoV-2 variant in national who returned from UK
  • Bird Flu scares migratory birds at Pong Dam, death toll rises to 2700
  • EU in talks to buy another 300mln doses of Pfizer vaccine
  • Ireland may halt construction, manufacturing amid rapid OVID-19 rise
  • Germany extends coronavirus lockdown until January 31
WorldPosted at: Jan 6 2021 1:23AM


US imposes Iran-related sanctions on Chinese firm, 15 other entities

Washington, Jan 5 (Sputnik) The United States has imposed sanctions on a Chinese supplier of graphite electrodes to Iran, 12 Iranian steel producers and three foreign-based sales agents of a major Iranian mining holding company, the US Treasury Department said in a statement on Tuesday.
“The Iranian metals sector is an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad,” the statement said.
The sanctions target China-based Kaifeng Pingmei New Carbon Materials Technology Co., Ltd. (KFCC), which specializes in the manufacture of carbon materials that are key elements in the production of steel, the statement said.
The Treasury Department explained in the statement that the KFCC fulfilled orders totaling thousands of metric tons of materials for several Iranian steel companies between December 2019 and June 2020. KFCC sold 300 metric tons of graphite electrodes and miscellaneous equipment to Pasargad Steel Complex in Iran in mid-2020, the statement said.
The Pasagrad Steel Complex is able to produce 1.5 million tons of steel billets annually, while another designated entity - the Gilan Steel Complex operating two rolling mills with total capacity of 3 million ton, the statement also said.
The United State is also designated an Iran-based Middle East Mines and Mineral Industries Development Holding Company (MIDHCO), which produces over 19 million tons of steel, iron, and copper products, the statement added.
The measures were taken pursuant to Executive Order 13871, which imposes sanctions on several sectors of Iran’s economy that continue to generate significant revenue for the government, according to the statement.
SPUTNIK ACL0122
Tags: #US imposes Iran-related sanctions on Chinese firm# 15 other entities
More News
SA-Qatar move towards normalization of ties

SA-Qatar move towards normalization of ties

05 Jan 2021 | 11:42 AM

Doha, Jan 5(UNI) Kingdom of Saudi Arabia and the State of Qatar have started the process of normalization of ties starting with moves towards opening airspace as well as land and sea border between the two countries.

see more..
Families of slain coal miners refuse to bury their dead

Families of slain coal miners refuse to bury their dead

05 Jan 2021 | 10:09 AM

Islamabad, Jan 5 (UNI) Families of the coal miners who were brutally murdered on Sunday in the Mach region of Balochistan refuse to bury the bodies and demanded the arrest of the attackers.

see more..
Japan likely to impose emergency in corona hotspot regions

Japan likely to impose emergency in corona hotspot regions

05 Jan 2021 | 9:04 AM

Tokyo, Jan 5(UNI) In an attempt to curb the spread of the coronavirus, the Japanese government plans to declare a state of emergency in Tokyo and three neighboring prefectures.

see more..
England and Scotland put under new lockdown

England and Scotland put under new lockdown

05 Jan 2021 | 8:22 AM

London, Jan 5 (UNI) British Prime Minister Boris Johnson on Monday imposed a new lockdown in England and Scotland in view of the surge in the number of COVID cases.

see more..

US will continue to seek Assange's extradition

04 Jan 2021 | 11:41 PM

Washington, Jan 4 (UNI) United States Department of Justice spokesperson Marc Raimondi has said that the US government will continue to seek the extradition of WikiLeaks founder Julian Assange.

see more..
image