Trump sanctions Chinese firms over Iran
The United States has launched a new wave of sanctions against dozens of companies and individuals linked to Iran support networks in China and Hong Kong, aiming to cut off financial sources that fund Tehran. The sanctions targeted technology transfer networks, especially optical laser equipment used by the Iranian Malek Ashtar University of Defense, while avoiding major Chinese banks to prevent broad economic and diplomatic repercussions. Estimates suggest that many financial and service companies act as fronts for money transfers and facilitate Iranian support activities, with warnings that these sanctions may have limited effectiveness due to the speed at which alternative entities are established and their activities change.
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