US Treasury Sanctions Chinese Entities for Supporting Iran's Weapons Program
The US Treasury Department designated 10 individuals and companies based in China on Friday for allegedly helping Iran secure weapons and materials to build ballistic missiles and drones. Secretary of State Marco Rubio said the US will continue targeting third-country entities aiding Iran's military.
Sanctions Action
The US Treasury Department designated 10 individuals and companies, including several based in China, on Friday, which it said helped Iran secure weapons and materials needed to build ballistic missiles and drones, with Secretary of State Marco Rubio saying in a statement Friday "Today's action holds China-based entities accountable for their support to Iran."
US Policy Statement
"The United States will take all necessary action at its disposal to target third-country entities and individuals aiding Iran's military and defense industrial base," Rubio stated, and the US recently imposed sanctions on several Chinese refineries over purchases of Iranian crude oil, prompting a pushback from China which ordered companies not to comply.
Beijing Response
Beijing's foreign ministry has consistently said it opposes "unilateral sanctions that have no basis in international law" and will safeguard the rights of Chinese citizens and companies.