U.S. imposes Iran-related sanctions on Chinese nationals and entities

U.S. imposes Iran-related sanctions on Chinese nationals and entities

The United States announced fresh Iran-related sanctions on five Chinese individuals and six entities, including two Cosco Shipping corporation Ltd subsidiaries, the U.S. Department of Treasury said.

The sanctions target Cosco Shipping Tanker Co and Cosco Shipping Tanker Seaman and Ship Management Co Ltd but do not apply to the parent company, the notice on the department’s website said.

They also target China Concord Petroleum Co, Kunlun Shipping Company Ltd, Kunlun Holding Company Ltd and Pegasus 88 Limited, Reuters reported.

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