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Chinese, Russian firms that supported Iran missile programme sanctioned by US

Shortpedia

Content Team
Image Credit: Shortpedia

In a major action, US has imposed economic sanctions on Chinese and Russian companies that supported the Islamic Republic's missile program. Chinese-based companies, Chengdu Best New Materials and Zibo Elim Trade, as well as Russia-based Nilco Group and Joint Stock Company Elecon, are firms that were sanctioned. Mike Pompeo said US would "continue to work to impede Iran's missile development efforts".