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U.S. blacklists Chinese entities, people for dealing with Iran

By Reuters Staff

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WASHINGTON (Reuters) – The United States on Monday specified it blacklisted two Chinese guys and six Chinese entities for having in fact handled Iranian shipping company Islamic Republic of Iran Shipping Lines (IRISL) and, in some cases, assisting it to avoid U.S. sanctions.The U.S. State Department called the entities as Reach Holding Group( Shanghai )Company Ltd.; Reach Shipping Lines; Pleasure Shipping Co., Ltd.; Gracious Shipping Co. Ltd.; Noble Shipping Co. Ltd.; and Supreme Shipping Co. Ltd.In a declaration, it likewise stated it had targeted Eric Chen, likewise called Chen Guoping, president of Reach Holding Group (Shanghai )Service Ltd., and Daniel Y. He, also described as He Yi, the company’s president.As a result of being put on the U.S. Treasury Department’s

Specifically Designated Nationals list, the assets of the entities and individuals falling under U.S. jurisdiction are frozen and U.S. individuals are generally disallowed from handling them.” Today, we reiterate a warning to stakeholders worldwide: If you do

company with IRISL, you risk U.S. sanctions,” Secretary of State Mike Pompeo stated in the statement.Among other things, the State Department accused the 6 entities of providing” considerable service or products

” made use of in connection with Iran’s shipping sector. It similarly implicated Reach Holding Group and its Reach Shipping Lines system helping IRISL and its subsidiaries avert U.S. sanctions.The sanctions are the most current imposed by the United States following President Donald Trump’s 2018 choice to desert the 2015 Iran nuclear offer that Iran struck

with 6 substantial powers.Under that arrangement, which intended to prevent Iran from acquiring a nuclear weapon, Tehran dedicated to restrict its nuclear activities in return for solution for economic sanctions.Trump argues the 2015 deal did not limit Iran’s

local and ballistic rocket activities and economic pressure rather will require Tehran into a more comprehensive deal. Iran denies seeking nuclear weapons.Reporting By Arshad Mohammed; Editing by Sandra Maler

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