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US expands Iranian sanctions

Treasury imposes primary and secondary sanctions on Iranian steel and iron manufacturers, but also includes a Liberia-flagged dry bulk vessel and Chinese trading company Hong Xun Shipping, alleged to be involved in the purchase, sale, and transfer of Iranian metals products, as well as in the provision of critical metals production components to Iranian metal producers

Sectors identified for additional sanctions — including construction, manufacturing, textiles and mining — had already been targeted as a means to plug gaps in the existing sanctions regime

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