US sanctions Chinese, Russian firms over Iran dealings - News Summed Up

US sanctions Chinese, Russian firms over Iran dealings


Representational photo BigstockTrump withdrew the US from the JCPOA in 2018 and has since reimposed crippling sanctions on the Islamic republicThe US on Friday announced economic sanctions on Chinese and Russian companies that Washington said had supported the development of Iran's missile program. "We will continue to work to impede Iran's missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the PRC (China) and Russia, that provide missile-related materials and technology to Iran," Pompeo added. President Donald Trump withdrew the US in 2018 from the Iran nuclear deal established three years prior under then-President Barack Obama. Trump has since reimposed crippling sanctions on the Islamic republic in what he calls a campaign of "maximum pressure." The Trump administration has also since shown its determination to sanction any foreign country or company that does not comply with its Iran policies.


Source: Dhaka Tribune November 28, 2020 08:48 UTC



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