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State Department sanctions three entities under Iran Sanctions Act, including first Chinese company

  • Steptoe & Johnson LLP
  • -
  • China, Iran, USA
  • -
  • January 17 2012

On January 12, 2012, the US State Department imposed sanctions on three foreign energy companies under the Iran Sanctions Act of 1996 (ISA), as amended by the Comprehensive Iran Sanctions, Accountability, and Divestment Act (CISADA), for their involvement in providing refined petroleum products to Iran