US Secretary of State Michael Pompeo announced new Iran-related sanctions on some Chinese entities. He said at conference that “we’re telling China and all nations, know that we will sanction every violation of sanctionable activity.” And, “the United States will intensify our efforts to educate countries and companies on the risk of doing business with IRGC entities and we will punish them if they persist in defiance of our warnings.”
The Treasury Department said that, based on Pompeo’s determination”, it would sanction COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co., along with a few other companies and a slew of individuals. These companies are believed to have transported oil from Iran and their executive officers.
