The United States on Wednesday announced fresh Iran-related sanctions on five Chinese individuals and six entities, including two Cosco Shipping corporation Ltd subsidiaries, said the US Department of Treasury said, reported Reuters.
The sanctions target Cosco Shipping Tanker Co. and Cosco Shipping Tanker Seaman and Ship Management Co. Ltd. but do not apply to the parent company, the notice on the department’s website said.
They also target China Concord Petroleum Co, Kunlun Shipping Company Ltd., Kunlun Holding Company Ltd. and Pegasus 88 Limited, the department said.