U.S. SANCTIONS FIVE COMPANIES FROM CHINA & RUSSIA IN LINKS WITH IRAN

Highlights

• The United States has sanctioned five companies in China and Russia over the claims that they were promoting Iran’s missile program

• The Treasury Department has plans to announce more sanctions on Iran in upcoming weeks in relations to arms, human rights violations and weapons of mass destruction

• The newly sanctioned firms are China-based Chengdu Best New Materials Co and Zibo ....