New Delhi: In what may further escalate the US-China trade war and add to the growing uncertainties in the global energy markets, the Donald Trump administration on Wednesday imposed sanctions on Chinese firms transporting Iranian oil.
Speaking at the United Against Nuclear Iran’s 2019 summit, US secretary of state Michael Richard Pompeo in New York said, “Today we are imposing sanctions on certain Chinese entities for knowingly transporting oil from Iran contrary to United States sanctions.”
“Importantly, we’re also imposing sanctions on the executive officers of those companies as well. And we’re telling China and all nations, know that we will sanction every violation of sanctionable activity,” Pompeo added.
