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US removes Chinese firm from sanctions blacklist over Iran
Washington (AFP) June 19, 2008 The US Treasury Department said Thursday it was lifting an asset freeze on a Chinese company and its US subsidiary after they were blacklisted for aiding Iran's missile program. The department's office of foreign assets control "removed the China Great Wall Industry Corporation and its US subsidiary, G.W. Aerospace, from the list of 'specially designated nationals,'" a statement said. They were included in the list on June 13, 2006. The department has determined that they "no longer meet the criteria" for being on the list "for providing material support to Iran's missile program". "Removing China Great Wall Industry Corporation from our sanctions list marks a great success for our counter-proliferation sanctions program," said Adam Szubin, the department's office of foreign assets control. "A company that once supported Iran's missile program has implemented a rigorous and thorough compliance program to prevent future dealings with Iran," he said. Washington can freeze the assets of proliferators of weapons of mass destruction and their supporters and isolate them from the US financial and commercial systems, according to an order signed by President George W. Bush three years ago. The department said it had so far blacklisted 34 entities and 11 individuals tied to Iranian proliferation activity. Washington is pressing with measures to intercept missile threats from Tehran, especially a missile shield with planned installations in Europe. The United States is also leading international efforts to pressure Iran to freeze controversial nuclear activities, which the West fears could be used to make a nuclear weapon. Community Email This Article Comment On This Article Share This Article With Planet Earth
Related Links Learn about nuclear weapons doctrine and defense at SpaceWar.com Learn about missile defense at SpaceWar.com All about missiles at SpaceWar.com Learn about the Superpowers of the 21st Century at SpaceWar.com
Iran says West's 'new nuclear game' to fail
Tehran (AFP) June 19, 2008President Mahmoud Ahmadinejad said Thursday the "new game" of the West in the nuclear standoff with Iran would end in humiliation, days after world powers presented a new offer to end the crisis. |
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