The U.S. Treasury and State Departments announced more sanctions against Chinese companies for supposedly aiding Iran’s war effort just days before U.S. President Donald Trump is expected to fly to Beijing for a summit with Chinese President Xi Jinping. A Treasury Department press release claimed that those targeted were “enabling efforts by Iran’s military to secure weapons” or securing “raw materials with applications in Iran’s Shahed-series unmanned aerial vehicles and ballistic missile program.”
The Treasury Department sanctions target five firms and one individual. They include Yushita Shanghai International Trade Company, which is accused of helping Tehran to buy arms. Meanwhile, Hitex Insulation Ningbo Company is accused of supplying millions of dollars worth of materials used in ballistic missile research and flight test launches. Its legal representative, Li Genping, was also sanctioned.
