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U.S. Blacklists Chinese Entities Over Iran Shipping Links

FILE PICTURE: nattanan726/ Shutterstock WASHINGTON, Oct 19(Reuters)– The United States on Monday said it blacklisted two Chinese guys and six Chinese entities for having actually handled Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) and, in many cases, helping it to avert U.S. sanctions.The U.S. State Department called the entities as 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.In a declaration, it likewise said it had targeted Eric Chen, likewise known as Chen Guoping, chief executive of Reach Holding Group (Shanghai )Business Ltd., and Daniel Y. He, also called He Yi, the company’s president.As a result of being put on the U.S. Treasury Department’s

Specially Designated Nationals list, the possessions of the entities and people falling under U.S. jurisdiction are frozen and U.S. individuals are normally disallowed from handling them.”Today, we reiterate a cautioning to stakeholders worldwide: If you do

company with IRISL, you run the risk of U.S. sanctions,”Secretary of State Mike Pompeo said in the statement.Among other things, the State Department accused the six entities of supplying”substantial goods or services

“used in connection with Iran’s shipping sector. It likewise accused Reach Holding Group and its Reach Shipping Lines system assisting IRISL and its subsidiaries evade U.S. sanctions.The sanctions are the current imposed by the United States following President Donald Trump’s 2018 decision to abandon the 2015 Iran nuclear deal that Iran struck

with six huge powers.Under that arrangement, which intended to prevent Iran from getting a nuclear weapon, Tehran devoted to limit its nuclear activities in return for remedy for economic sanctions.Trump argues the 2015 deal did not restrict Iran’s

regional and ballistic missile activities and economic pressure instead will force Tehran into a more comprehensive offer. Iran denies looking for nuclear weapons. (Reporting By Arshad Mohammed; Modifying

by Sandra Maler )(c )Copyright Thomson Reuters 2020.

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