US sanctions Chinese oil trader for importing Iranian crude

WASHINGTON — The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announces today.

“As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li, Pompeo says in a speech.

“They violated US law by accepting crude oil,” he says.

— AFP

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