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US inflicts sanctions on Russian, Chinese companies for backing Iran missile programme

The United States have inflicted sanctions on four companies in China and Russia for backing up Iran’s missile programme which will remain as a “significant proliferation concern’, according to Secretary of State Mike Pompeo.

It was declared on Friday as the US persistently takes stringent measures against Iran due to their involvement in nuclear activities.

Pompeo said, “The US has sanctioned four entities in China and Russia for their support of Iran’s missile programme, which remains a significant proliferation concern. We will continue to use all our sanctions tools to prevent Iran from advancing its missile capabilities.”

The four companies are Chengdu Best New Materials Co Ltd and Zibo Elim Trade Co, Ltd based in China and Nilco Group, known as Nil Fam Khazar Company and Santers Holding and Joint Stock Company Elecon based in Russia for transferring sensitive items and technology and supporting Iran’s nuclear endeavors.

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Earlier, in 2018, President Donald Trump had withdrawn US from Iran nuclear deal in 2018 and also pestered other countries from stopping the purchase of oil from Iran.

Pompeo said, “These measures are part of our response to Iran’s malign activities. These determinations underscore the continuing need for all countries to remain vigilant to efforts by Iran to advance its missile programme.”

“We will continue to work to impede Iran’s missile development efforts and use our sanctions authorities to spotlight the foreign suppliers, such as these entities in the People’s Republic of China and Russia that provide missile-related materials and technology to Iran. The sanctions imposed include restrictions on US government procurement, US government assistance, and exports and will be in effect for two years,” Pompeo further added.

Team Newsnap
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