Friday, June 18th | 8 Tammuz 5781

Subscribe
January 13, 2012 2:00 pm
0

U.S. Sanctions Hit Chinese Oil Giant

avatar by News Editor

US Treasury Building. Photo: AgnosticPreachersKid.

Sydney Morning Herald – The U.S. has sanctioned three foreign companies for doing business with Iran, as the international pressure on Tehran over its nuclear program intensifies and the fallout from the assassination of another of its scientists continues.

China’s state-run Zhenrong – the largest supplier of refined petroleum to Iran – was one of the companies sanctioned, the US State Department said. It had brokered the delivery of more than $US500 million of petrol to Iran between July 2010 and January 2011. The threshold for transactions allowed under the sanctions is $US1 million.

Read full story.

Share this Story: Share On Facebook Share On Twitter

Let your voice be heard!

Join the Algemeiner

Algemeiner.com

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.