The United States has banned companies in Iran

The United States has banned companies in Iran, China and the United Arab Emirates (UAE) amid tensions with Iran over the past few years. The sanctions have been imposed on trade lines with Iran and trade of arms with three Iranian entities. The Trump administration imposed this ban just days before leaving power to increase pressure on Tehran.

US Secretary of State Mike Pompeo said Washington has banned seven companies. These include China-based Jiangyin Mascot Special Steak and UAE-based Accenture Building Material.

At the same time, two people who work to bring and send steel from Iran have also been banned. “The Marine Industries Organization of Iran, Aerospace Industries Organization and Iran Aviation Industries Organization have also been blacklisted due to proliferation of weapons,” Pompeo said.

The Foreign Ministry has also expanded the scope of sanctions related to metals against Iran. “The 15 products we have been told about, which Iran uses in its nuclear, military or ballistic missile program, will also be brought under these restrictions,” he said. These products will also include a variety of aluminum and steel products.

The United States has banned companies in Iran
The United States has banned companies in Iran


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