Voice of America
28 Nov 2020, 11:35 GMT+10
WASHINGTON - The U.S. announced economic sanctions Friday on Chinese and Russian companies that Washington said had supported the development of Iran's missile program.
The four firms, accused of "transferring sensitive technology and items to Iran's missile program," will be subject to restrictions on U.S. government aid and on their exports for two years, Secretary of State Mike Pompeo said in a statement.
The sanctions, imposed Wednesday, were against two China-based companies, Chengdu Best New Materials and Zibo Elim Trade, as well as Russia-based Nilco Group and Joint Stock Company Elecon.
"We will continue to work to impede Iran's missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the PRC (China) and Russia, that provide missile-related materials and technology to Iran," Pompeo added.
President Donald Trump withdrew the U.S. in 2018 from the Iran nuclear deal established three years earlier under then-President Barack Obama.
Trump has since reimposed crippling sanctions on the Islamic republic in what he calls a campaign of "maximum pressure."
The Trump administration has also since shown its determination to sanction any foreign country or company that does not comply with its Iran policies.
Get a daily dose of Breaking Property News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.
More InformationNEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
WASHINGTON, D.C.: On Friday, President Donald Trump announced that he was halting trade discussions with Canada due to its decision...
LONDON, U.K.: A little-known investment fund based in the United Arab Emirates has emerged as the most prominent public backer of U.S....
SAN FRANCISCO, California: Across the U.S., a growing number of people are taking obesity treatment into their own hands — literally....
SAN FRANCISCO, California: Under pressure from European regulators, Apple has revamped its App Store policies in the EU, introducing...
NEW YORK CITY, New York: The U.S. dollar tumbled this week, hitting its lowest levels since 2021 against the euro, British pound, and...
Federal officials, then-Governor of Indiana Eric Holcomb, union leaders, company representatives, and dozens of guests assembled at...
Mumbai (Maharashtra) [India], June 30 (ANI): The top 7 cities recorded around 1,89,570 units sold between January and June 2025 --...
SEOUL, June 30 (Xinhua) -- South Korea's industrial output fell for the second successive month due to negative effects of U.S. tariffs...
SEOUL, June 26 (Xinhua) -- South Korea's real wage, adjusted for inflation, rose for the second successive month in April, labor ministry...
SEOUL, June 26 (Xinhua) -- Sentiment among South Korean businesses over economic conditions worsened in four months due to geopolitical...
LOS ANGELES (AP) - The latest sign of trouble in the U.S. housing market: A pickup in home purchase agreements falling through before...