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US Places New Sanctions On Iranian Steel Sector

MIDEAST

The US Treasury has posted a new list of corporations on its website that are now subject to sanctions. Notably, the list of sanctions also included a Chinese-based firm.

  • Kaifeng Pingmei New Carbon Materials Technology Co, a producer of electrodes and graphite products based in Kaifeng, Henan Province, is on the list of sanctioned firms alongside several Iranian steel producers.
  • This is the latest in a series of sanctions imposed on Chinese and Russian firms for their alleged work alongside Iran in the latter's missile programme.

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