World

US imposes sanctions on Chinese, UAE firms

The United States yesterday imposed sanctions on Chinese and other firms, accusing that it helped to sell tens of millions of dollars’ in Iranian oil and petrochemical products to East Asia. The U.S. Treasury and the U.S. State Departments imposed sanctions on a total of six companies, four based in Hong Kong, one in Singapore and one in the United Arab Emirates (UAE).

According to media reports, it is the third round of U.S. Iran-related sanctions against Chinese firms in the last two months. On other hand, reacting to the new sanctions, Iran’s Foreign Ministry Spokesperson Nasser Kanaani in a statement said that Iran will respond decisively and firmly to the White House’s continuation of sanctions.

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