Sign in Join
  • Home
  • AFRICA
  • AMERICA
  • Asia
  • Europe
  • Pakistan
  • Science & Technology
  • Sports
  • Entertainment
  • Videos
  • About Us
  • Contact Us
  • Advertise With Us
  • Live Stock Exchange
Sign in
Welcome!Log into your account
Forgot your password?
PRIVACY POLICY
Sign up
Welcome!Register for an account
A password will be e-mailed to you.
PRIVACY POLICY
Password recovery
Recover your password
Search
Monday, March 27, 2023
  • Sign in / Join
Sign in
Welcome! Log into your account
Forgot your password? Get help
Create an account
PRIVACY POLICY
Create an account
Welcome! Register for an account
A password will be e-mailed to you.
PRIVACY POLICY
Password recovery
Recover your password
A password will be e-mailed to you.
Political Uprise
  • Home
  • AFRICA
  • AMERICA
  • Asia
  • Europe
  • Pakistan
  • Science & Technology
  • Sports
  • Entertainment
  • Videos
  • About Us
  • Contact Us
  • Advertise With Us
  • Live Stock Exchange
Home AMERICA United States blacklists four companies in Iran’s metals sector
  • AMERICA
  • Asia

United States blacklists four companies in Iran’s metals sector

By
admin
-
June 26, 2020
0
1283
Share
Facebook
Twitter
Pinterest
WhatsApp
Linkedin
Email
Print
Tumblr
Telegram
    United States blacklists four companies in Iran's metals sector
    United States blacklists four companies in Iran's metals sector :File Photo

    United States blacklisted four companies in Iran’s metals sector,the move is the latest US effort to slash Iranian revenues since Trump withdrew from Iran nuclear deal.

    The United States on Thursday blacklisted four companies in Iran’s metals sector, as well as one German and three Emirati subsidiaries of Iran’s largest steelmaker that Washington said generate millions of dollars for Tehran’s metals industry.

    The Treasury Department said in a statement the sales agents together generated tens of millions of dollars annually from the foreign sale of Mobarakeh Steel Company products, contributing to billions of dollars generated overall by Iran’s steel, aluminium, copper and iron sectors.

    Tehran to send black boxes from Ukrainian airliner to France

    “The Iranian regime continues to use profits from metals manufacturers and foreign sales agents to fund destabilizing behavior around the world,” Treasury Secretary Steven Mnuchin said in the statement.

    The sanctions are the latest US effort to slash Iranian revenues since US President Donald Trump withdrew in 2018 from the 2015 Iran nuclear deal, exacerbating US-Iranian tensions.

    United States blacklists four companies in Iran's metals sector
    United States blacklists four companies in Iran’s metals sector :File Photo

    Thursday’s action targeted Tara Steel Trading GmbH, a Germany-based subsidiary of Mobarakeh Steel Co; United Arab Emirates-based sales agents Pacific Steel FZE, Better Future General Trading Co LLC and Tuka Metal Trading DMCC, all majority-owned by Mobarakeh Steel Co; and Iran-based Metil Steel, also majority-owned by the company.

    Mobarakeh Steel Co, previously blacklisted by Washington, accounts for 1 percent of Iran’s gross domestic product, the Treasury said.

    The Treasury also blacklisted Iran-based aluminium, steel and iron producers South Aluminum Company, Sirjan Jahan Steel Complex and Iran Central Iron Ore Company.

    Iran to execute man convicted of spying on Soleimani for CIA

    Also designated was Global Industrial and Engineering Supply Ltd, which the Treasury said had addresses in China and Hong Kong and had in 2019 knowingly transferred graphite to a blacklisted Iranian entity.

    The sanctions freeze any US assets held by the companies and generally prohibit Americans from dealing with them.

    REVIEW OVERVIEW
    Interesting
    SUMMARY
    5
    OVERALL SCORE
    • TAGS
    • Account
    • Agents
    • Aluminum
    • Americans
    • China
    • Comapany
    • Deal
    • designated
    • DMCC
    • Domestic
    • Donald Trump
    • Foreign
    • FZE
    • General
    • German
    • Global
    • GMBH
    • Hong Kong
    • Industries
    • Industry
    • Iranian
    • LLC
    • Misslie
    • Mobarakeh
    • nuclear
    • Political Uprising
    • President
    • Product
    • Profit
    • Secretary
    • Sirjan Jahan
    • Slash
    • Statement
    • Steel
    • Steven Mnuchin
    • Tehran
    • Treasury
    • United Arab Emirates
    • United states
    • Washington
    • World
    Share
    Facebook
    Twitter
    Pinterest
    WhatsApp
    Linkedin
    Email
    Print
    Tumblr
    Telegram
      Previous articleJustin Trudeau rejects call to swap Huawei executive for detainees in China
      Next articleBelarus President accuses Russia of election meddling
      admin

      RELATED ARTICLESMORE FROM AUTHOR

      Iran and Saudi Arabia agree to restore relations under mediation of China
      AFRICA

      Iran and Saudi Arabia agree to restore relations under mediation of China

      Pakistan former powerful military ruler Pervez Musharraf dies aged 79
      Asia

      Pakistan former powerful military ruler Pervez Musharraf dies aged 79

      Azerbaijan protests to Iran after embassy shooting
      Asia

      Azerbaijan protests to Iran after embassy shooting

      LEAVE A REPLY Cancel reply

      Log in to leave a comment

      Ads

      http://sajjad946.fbfix.hop.clickbank.net/?tid=sajjad946

      EDITOR PICKS

      Zimbabwe Senior influential diplomat involved in gold smuggling scheme

      Zimbabwe Senior influential diplomat involved in gold smuggling scheme

      March 24, 2023
      Nigerian senator found guilty of trafficking

      Nigerian senator found guilty of trafficking

      March 24, 2023
      Iran and Saudi Arabia agree to restore relations under mediation of China

      Iran and Saudi Arabia agree to restore relations under mediation of...

      POPULAR POSTS

      Former news anchor denies rape allegation

      Former news anchor denies rape allegation

      Aung San Suu Kyi defends Myanmar genocide

      Aung San Suu Kyi defends Myanmar genocide

      Doctors,teachers and lawyers joins France Strike

      Doctors,teachers and lawyers joins France Strike

      POPULAR CATEGORY

      • Asia487
      • Europe464
      • AMERICA399
      • AFRICA305
      • Science & Technology99
      • EUROPE99
      • Pakistan72
      • Sports16
      • Entertainment3
      ABOUT US
      Political Uprise is your news, entertainment, music fashion website. We provide you with the latest breaking news and videos straight from the entertainment industry.
      Contact us: Politicalup24@gmail.com
      FOLLOW US
      • About Us
      • Contact Us
      • PRIVACY POLICY
      • TERMS OF USE
      • DISCLAIMER
      © 2023 Political Uprising. All Contents Copyright Reserved
      MORE STORIES
      United States looking to ban TikTok

      United States looking to ban TikTok