US Sanctions Chinese, Russian Firms for Dealings with Iran

The US Treasury Department plans to announce additional sanctions on Iran in coming weeks, Elliott Abrams, the State Department’s special representative for Iran, said Wednesday at a Beirut Institute event, Bloomberg reported.

"We will have next week, and the week after, and the week after - all through December and January, there will be sanctions that deal with arms, that deal with weapons of mass destruction, that deal with human rights. ... So this will continue on for another couple of months, right until the end," he said.

“Our policy will be the same through Jan. 20," Abrams said.

The newly sanctioned firms are China-based Chengdu Best New Materials Co. Ltd. and Zibo Elim Trade Company Ltd. as well as Russia-based Nilco Group, Elecon and Aviazapchast, according to a State Department filing in the Federal Register.

The US has ratcheted up its pressure on Iran since outgoing President Donald Trump quit the 2015 Iran nuclear deal in 2018. The Islamic Republic’s oil exports were slashed while its banking system and military have also been sanctioned.


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