One of the three networks, headed by Iranian businessman Abdollah Asgharzadeh, contains Chinese individuals and their companies. CNN reports that the Trump administration is planning at least another round of Iran sanctions. Those measures could—and should—hit Chinese banks. Asgharzadeh, according to Treasury, has had dealings since 2013 with three “China-based brokers,” Richard Yue, Jack Qin, and Carol Zhou. China’s small-fry individuals and entities for decades have been selling equipment, components, materials, and technology to Iran for its ballistic missile and nuclear weapons programs.

Source: Forbes February 05, 2017 05:01 UTC