US hits Iran with contemporary sanctions

Washington, January 5

The US on Tuesday blacklisted a Chinese company that makes elements for steel production, 12 Iranian steel and metals makers and three foreign-based sales agents of a Iranian firm, seeking to deprive Tehran of revenues as Trump’s term winds down.

The China-based company is Kaifeng Pingmei New Carbon Materials Technology Co Ltd. Among the 12 Iranian companies are the Pasargad Steel Complex and the Gilan Steel Complex Co. — Reuters

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