US warns China, all other nations to cut Iran ties or face sanctions
WASHINGTON (Kyodo) -- The United States on Monday warned that China and all other countries now face an increased risk of secondary sanctions if they
The United States has issued a stern warning to China and other nations, stating that they face heightened risks of secondary sanctions if they continue trading with Iran. Treasury Secretary Scott Bessent announced the launch of Operation Economic Outcast, which will target five key sectors: digital assets, technology, gold, aviation, and shipping.
Bessent stressed that no entity or country, including China, is exempt from the potential reach of U.S. sanctions. The White House is currently hosting Chinese President Xi Jinping, and this warning comes just one month before the summit. The U.S. has identified a timeline for these entities to cease their activities or face unilateral action through Treasury authorities.
The administration has not disclosed the specifics of this new effort to apply economic pressure, but Bessent hinted that any entity aiding Iran in money laundering will be removed from the U.S. dollar system. Iran's economy minister, Ali Madanizadeh, has responded to the threat by asserting that his country is fully prepared to withstand the sanctions.
The administration has also identified approximately 60 entities, individuals, and vessels involved in enabling Iran's illicit nuclear and missile technology procurement, cyber operations, and oil revenue generation.
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