US sanctions Chinese and Russian companies over Iranian missiles

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World News - The United States imposed economic sanctions on Chinese and Russian companies for supporting the development of Iran's missile program.

Four Chinese and Russian companies are accused of transferring sensitive technology and other devices to Iran's missile program.

Secretary of State Mike Pompeo said the four companies were subject to two years of restrictions on US government aid and exports.

The sanctions were imposed on Wednesday against two China-based companies, Chengdu Best New Material and Zibo Elim Trade, as well as Russia-based Nilco Group and Elecon Joint Stock Company.

"We will continue to work to deter Iran's missile development efforts and use our sanctions powers to highlight foreign suppliers, such as these entities in PRC (China) and Russia, that provide missile-related materials and technology to Iran," Pompeo said on Friday. 11) as quoted by AFP.

Iran has long been the object of US sanctions.

Trump has since reimposed crippling sanctions on Iran in a campaign he calls "maximum pressure" on Iran's nuclear program.
President Donald Trump withdrew the US from the nuclear deal with Iran in 2018. The agreement was made under President Barack Obama's policies.

The Trump administration has also shown its determination to impose sanctions on any foreign country or company that does not comply with US policies on Iran.
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