The United States has sanctioned Chinese state-run energy company Zhuhai Zhenrong Co Ltd for allegedly violating restrictions imposed on Iran’s oil sector, U.S. Secretary of State Mike Pompeo said.
"We’ve said that we will sanction any sanctionable behavior, and we mean it," Pompeo said in a speech in Florida in which he announced the move.
In a later statement, Pompeo said Zhuhai Zhenrong "knowingly engaged in a significant transaction for the purchase or acquisition of crude oil from Iran" after the expiration of a U.S. sanctions waiver covering China on May 2.
He said the sanctions blocked all property and interests in property of Zhuhai Zhenrong in the United States and barred its chief executive, Youmin Li, from entry into the country.
“Any entity considering evading our sanctions should take notice of this action today. It underscores our commitment to enforcement and to holding the Iranian regime accountable," Reuters cited Pompeo as saying.
U.S. sanctions China's Zhuhai Zhenrong over alleged Iran violations
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