On Monday, the US imposed sanctions on six Chinese entities and two individuals after allegedly involved in businesses with Iran's Islamic Republic of Iran Shipping Lines (IRISL).
Secretary of State Mike Pompeo stated that IRISL is utilized by the Iranian regime to transport proliferation-sensitive items intended for Iran’s ballistic missile and military programs. “The international community has long recognized that,” he added.
The business entities being imposed by sanctions are of Hong Kong and China-based, which are Reach Holding Group (Shanghai) Company Ltd.; Reach Shipping Lines; Delight Shipping Co., Ltd.; Gracious Shipping Co. Ltd.; Noble Shipping Co. Ltd. and Supreme Shipping Co. Ltd.
Also being sanctioned on the background of working with IRISL is Daniel He, Reach Holding Group's president, and its CEO, Eric Chen. Hafez Darya Arya Shipping Company, one of its subsidiaries has also gained the sanctions.
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Published on October 21, 2020 1:05 PM (GMT+8)Last Updated on October 21, 2020 1:05 PM (GMT+8)
