US sanctions Chinese oil trader Zhuhai Zhenrong for violating Iran restrictions

//US sanctions Chinese oil trader Zhuhai Zhenrong for violating Iran restrictions

US sanctions Chinese oil trader Zhuhai Zhenrong for violating Iran restrictions

The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, US Secretary of State Mike Pompeo announced on Monday.“As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li,” Pompeo said in a speech.“They violated US law by accepting crude oil,” he said.The announcement was the latest step by Washington to ratchet up…

Article by [author-name] (c) South China Morning Post - Read full story here.

By | 2019-07-22T18:01:54+00:00 July 22nd, 2019|World|Comments Off on US sanctions Chinese oil trader Zhuhai Zhenrong for violating Iran restrictions