US sanctions Chinese companies for Iran oil imports: Pompeo

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US Secretary of State Mike Pompeo on Wednesday said the US is imposing sanctions on certain Chinese entities for 'knowingly transporting oil from Iran contrary from United States sanctions'.
US Secretary of State Mike Pompeo delivers remarks during the United Against Nuclear Iran summit on Sept 25, 2019, in New York. PHOTO: AP

UNITED NATIONS (AFP, REUTERS) - The United States on Wednesday (Sept 25) announced sanctions on Chinese companies for buying Iranian oil, stepping up pressure despite European attempts to arrange talks between Washington and Teheran.

Speaking to a pressure group opposed to the Iranian regime on the sidelines of the United Nations, US Secretary of State Mike Pompeo said the actions were in response to violations of unilateral US sanctions.

"We're telling China, and all nations - know that we will sanction every violation of sanctions of all activity," Mr Pompeo told United Against a Nuclear Iran.

He said that sanctions were being placed both on the companies and on their chief executives.

The US Treasury Department announced that it is placing sanctions on five Chinese nationals and six entities, including two Cosco Shipping Corporation subsidiaries.

Mr Pompeo said that the United States was also aiming to split the elite Revolutionary Guards from the rest of the Iranian company. The unit, known formally as the Islamic Revolutionary Guard Corps (IRGC), is in charge of protecting the regime and has vast business holdings.

"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," Mr Pompeo said.

The actions come as France leads last-minute efforts to arrange a meeting at the United Nations between US President Donald Trump and his Iranian counterpart Hassan Rouhani to defuse tensions.

In a speech to the annual gathering of world leaders on Tuesday, Mr Trump promised to keep trying to squeeze Iran's economy with sanctions until Teheran agrees to give up what Washington says is a pursuit of nuclear weapons.

Iran has said its nuclear program has always been for peaceful purposes only. Last year Mr Trump withdrew from a 2015 international accord with Iran which had put limits on Teheran's nuclear program in exchange for sanctions relief.

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