US Sanctions COSCO Companies over Iran Trade

The U.S. Department of the Treasury has sanctioned a total of six Chinese companies, including COSCO subsidiaries, over alleged breaches of U.S. sanctions on Iran.
COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co. were determined by the Secretary of State to meet the criteria for the imposition of sanctions.
It was further stated that the sanctions applied only to these listed entities and did not apply to these entities’ ultimate parent, COSCO Shipping Corporation Ltd. (COSCO).
Similarly, sanctions do not apply to COSCO’s other subsidiaries or affiliates (e.g., COSCO Shipping Holdings), provided that such entities are not owned 50 percent or more in the aggregate by one or more blocked persons.
The sanctions were imposed as the companies continued carrying Iranian crude after the exemptions granted last year to China South Korea, Japan, India, and Turkey expired in May this year.
The September 25 announcement is the latest in a series of moves by the U.S. made under the maximum economic pressure campaign on Iran over its alleged role in supporting terrorism in the region and its nuclear program.
Other companies blacklisted on September 25 include Kunlun Holding Company, Kunlun Shipping Company Limited, China Concord Petroleum, and Pegasus 88 Limited.
 
美國財政部已經對包括中遠集團子公司在內的六家中國公司進行了製裁,理由是這些指控違反了美國對伊朗的制裁。
國務大臣確定中遠海運(大連)有限公司和中遠海運(大連)船員及船舶管理有限公司符合制裁標準。
進一步指出,制裁僅適用於這些列出的實體,不適用於這些實體的最終母公司中遠海運有限公司。
同樣,制裁也不適用於中遠集團的其他子公司或分支機構(例如中遠船務集團),但前提是這些實體不被一個或多個受阻者所擁有的總數合計不超過50%。
制裁是在去年5月中國,韓國,日本,印度和土耳其獲得的豁免到期後,由於兩家公司繼續攜帶伊朗原油而實施的。
9月25日的宣布是美國在對伊朗的最大經濟壓力運動下採取一系列行動中的最新行動,這一行動是關於伊朗在支持該地區的恐怖主義及其核計劃中的作用。
9月25日被列入黑名單的其他公司包括Kunlun控股公司,Kunlun航運有限公司,China Concord Petroleum和石油公司Pegasus 88有限公司。


Imformation source: World Maritime News Staff , Image Courtesy: JOC.COM