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Al Jazeera
Al Jazeera
Business

US targets Chinese, UAE companies in new Iran sanctions

Several rounds of negotiations have been unsuccessful in restoring the Iran nuclear agreement, from which the US unilaterally withdrew in 2018 under then-President Donald Trump [File: Morteza Nikoubazl/Reuters]

The United States has imposed sanctions on Chinese and Emirati companies, as well as a network of Iranian petrochemical producers, accusing them of helping to “evade sanctions” by supporting the sale of Iran’s petrochemical products abroad.

In a statement on Thursday, the US Department of the Treasury said it had imposed penalties on two companies based in Hong Kong, three in Iran, and four in the United Arab Emirates.

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