12
Tue, May

U.S. Imposes Fresh Sanctions On Iranian Oil Exports To China Ahead Of Trump-Xi Talks

U.S. Imposes Fresh Sanctions On Iranian Oil Exports To China Ahead Of Trump-Xi Talks

Marine Insight
U.S. Imposes Fresh Sanctions On Iranian Oil Exports To China Ahead Of Trump- Xi Talks
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The United States has imposed sanctions on 12 individuals and companies accused of helping Iran sell and transport oil to China through a network linked to Iran’s Islamic Revolutionary Guard Corps (IRGC).

The US Treasury said the sanctions target three individuals and nine companies based in Hong Kong, the United Arab Emirates and Oman.

According to the Treasury, the network used front companies to arrange the sale, shipment and payment of Iranian oil cargoes sent to China.

The latest measures were announced days before US President Donald Trump is expected to meet Chinese President Xi Jinping in Beijing.

The US is expected to discuss Iran during the talks and ask China, one of the largest buyers of Iranian oil, to put more pressure on Tehran.

The Treasury said the sanctions were aimed at people and companies linked to the IRGC’s Shahid Purja’fari oil headquarters.

According

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