The United States is placing a leading Chinese oil importer on its sanctions blacklist for trading in Iranian crude, Secretary of State Mike Pompeo announced Monday. "As part of that maximum pressure campaign, I am announcing that the United States is imposing sanctions on the Chinese entity Zhuhai Zhenrong and its chief executive Youmin Li," Pompeo said in a speech.
"They violated US law by accepting crude oil," he said. The announcement was the latest step by Washington to ratchet up economic pressure on Tehran over its alleged military activities in the Middle East and its nuclear program by taking aim at business partners. "We've said all along that any sanction will indeed be enforced. We can't tolerate more money going to ayatollahs, putting American soldiers, sailors, airmen, marines, putting their lives at risk. It's too important."