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The Financial Express

Trump admin imposes fresh sanctions on Iran


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Secretary of State Mike Pompeo speaks at the National Press Club in Washington, DC, US, January 12, 2021 — Reuters/Files Secretary of State Mike Pompeo speaks at the National Press Club in Washington, DC, US, January 12, 2021 — Reuters/Files

The United States on Friday imposed sanctions on companies in Iran, China and the United Arab Emirates for doing business with the Islamic Republic of Iran Shipping Lines and on three Iranian entities over conventional arms proliferation.

They are the latest in a series of measures aimed at stepping up pressure on Tehran in the waning days of President Donald Trump’s administration, which ends on Wednesday.

US Secretary of State Mike Pompeo said Washington had sanctioned seven companies, including Chinese-based Jiangyin Mascot Special Steel Co and UAE-based Accenture Building Materials, and two people for shipping steel to or from Iran.

He said Iran’s Marine Industries Organisation, Aerospace Industries Organisation and the Iran Aviation Industries Organisation had also been blacklisted over conventional arms proliferation.

In a statement later on Friday, Pompeo said he was also increasing the scope of metals-related sanctions against Iran administered by the State Department.

Those who knowingly transfer 15 materials which the State Department says are used in connection with Iran’s nuclear, military or ballistic missile programs, including certain types of aluminium and steel, would be subject to sanctions, he said.

During his four years in office, Trump has tried to force Tehran back into talks over its nuclear and ballistic missile programs and its activities in the Middle East. Saying the agreement did not go far enough, Trump in 2018 quit an Iran nuclear deal, which Tehran struck with world powers in 2015 to rein in its nuclear program in return for sanctions relief.

Democratic President-elect Joe Biden, who will succeed Trump on Wednesday, has said he will return to the 2015 nuclear pact if Iran resumes strict compliance with it.

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