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Outgoing Trump administration imposes fresh sanctions on Iranian companies

Shortpedia

Content Team
Image Credit: Shortpedia

The outgoing Donald Trump administration has imposed fresh sanctions on Iranian firms in Iran, China and the United Arab Emirates over business ties with the Islamic Republic of Iran Shipping Lines. According to Secretary of State Mike Pompeo, fresh sanctions have been imposed on Jiangyin Mascot Special Steel Co and UAE-based Accenture Building Materials. The fresh sanctions pose challenges for the new Joe Biden administration.