The Trump administration on Wednesday imposed sanctions on a handful of Chinese shipping companies for allegedly trafficking in Iranian crude.
The blacklisted entities are China Concord Petroleum Co., Limited, Kunlun Shipping Company Limited, Pegasus 88 Limited, and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co, Ltd., and two holding companies, Kunlun Holding Company Ltd. and COSCO Shipping Tanker Dalian Co., which "had knowledge of the sanctionable conduct" carried out by their subsidiaries, according to Mike Pompeo, who described the new action as "denying the Iranian regime critical income to engage in foreign conflicts, advance its ballistic missile development, and fund terror around the world".
This comes just days after Steve Mnuchin slapped sanctions on Iran's central bank and sovereign wealth fund, a move the Trump administration claims will "cut off all sources of funds".
Read more: Trump Sanctions Iran Central Bank, SWF, Cuts Off ‘All Source Of Funds’ For Country
"We are telling China, and all nations: know that we will sanction every violation", Pompeo said on the sidelines of the UN General Assembly in New York on Wednesday. "The more Iran la
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