US Blacklists 6 Chinese Firms for Sanction Violations

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  • US State Department has blacklisted six Chinese shipping companies and two individuals following their dealings with Iranian shipping company, IRISL, and helping it to evade US sanctions.
  • The State Department named the companies as being sanctioned for having knowingly sold, supplied or transferred to Iran “significant goods or services used in connection with the shipping sector of Iran.”
  • The sanctions came a day after a United Nations arms embargo barring Iran from dealing in conventional weapons expired.

The Trump administration blacklisted two Chinese businessmen and six Chinese companies for doing business with the Islamic Republic of Iran Shipping Lines and in some cases of helping it to evade U.S. sanctions, reports UPI.

Chinese companies blacklisted

The companies blacklisted are Reach Holding Group Company Ltd., Reach Shipping Lines, Delight Shipping Co. Ltd., Gracious Shipping Co. Ltd., Noble Shipping Co. Ltd., and Supreme Shipping Co. Ltd.

Eric Chen (Chen Guoping), Chief Executive Officer of Reach Holding Group (Shanghai) Company Ltd., and Daniel Y. He (He Yi), President of Reach Holding Group (Shanghai) Company Ltd, are also being sanctioned as part of the action.

Assets frozen

Among the accusations, Delight Shipping Co., Ltd.; Gracious Shipping Co. Ltd.; Noble Shipping Co. Ltd.; and Supreme Shipping Co. Ltd. are said to have each knowingly sold, supplied, or transferred a large container vessel to Iran to be used in connection with the shipping sector of Iran.

The move means assets of the companies and individuals that fall under US jurisdiction are frozen and they are also restricted from dealing with other US entities.

Today, we reiterate a warning to stakeholders worldwide: If you do business with IRISL, you risk US sanctions,” The US State Department said.

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Source: UPI

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