On September 25, U.S. Treasury announced sanctions on six Chinese companies and five Chinese nationals accused of importing oil from Iran. The United States designated the China Concord Petroleum Co. Ltd., and two units of a major Chinese shipping company, Cosco Shipping Tanker (Dalian) Co. Ltd. and Cosco Shipping Tanker (Dalian) Seaman and Ship Management Co. Ltd. Washington also sanctioned the companies’ top executives. “We are telling China, and all nations: know that we will sanction every violation,” said U.S. Secretary of State Mike Pompeo during a speech at the United Against Nuclear Iran Summit. The following is an announcement by the State Department and a list of individuals and entities added to Treasury’s Specially Designated Nationals List.
U.S. State Department Sanctions Announcement
Today, the United States is taking further action as part of our maximum economic pressure campaign against the Iranian regime and those who enable its destabilizing behavior. We are imposing sanctions on certain Chinese firms for knowingly engaging in a significant transaction for the transport of oil from Iran, including knowledge of sanctionable conduct, contrary to U.S. sanctions. This is one of the largest sanctions actions the United States has taken against entities and individuals identified as transporting Iranian oil since our sanctions were re-imposed in November 2018. This action is aimed to deny the Iranian regime critical income to engage in foreign conflicts, advance its ballistic missile development, and fund terror around the world. We are committed to fully administering our sanctions; the Iranian regime must cease these destabilizing activities or face greater economic pressure and diplomatic isolation.
The following Chinese firms are sanctioned under E.O. 13846 for knowingly engaging in a significant transaction for the transport of oil from Iran: China Concord Petroleum Co., Limited, Kunlun Shipping Company Limited, Pegasus 88 Limited, and COSCO Shipping Tanker (Dalian) Seaman & Ship Management Co, Ltd. The United States is imposing additional sanctions on the following two Chinese companies, which own or control one or more of the four companies identified above, and had knowledge of their sanctionable conduct: Kunlun Holding Company Ltd. and COSCO Shipping Tanker (Dalian) Co., Ltd. The United States is also imposing sanctions on the following five individuals, who are executive officers of one or more of the six companies identified above: Bin Xu, Yi Li, Yu Hua Mao, Luqian Shen, and Yazhou Xu. The transaction in question took place after the expiration of China’s Significant Reduction Exception (SRE) on May 2, 2019, and was not covered by that SRE. This action targets the specific entities named today, and does not target their parent companies or any other entities in their corporate groups.
Among other things, the imposition of these sanctions blocks all property and interests in property of these Chinese entities that are in the United States or within the possession or control of a U.S. person, and provides that such property and interests in property may not be transferred, paid, exported, withdrawn, or otherwise dealt in. The United States is also imposing restrictions or bans on visas into the United States on the five individuals identified above. Further, the Department of the Treasury will add these entities and individuals to its List of Specially Designated Nationals and Blocked Persons. Although this transaction involved the export of Iranian crude oil, we are similarly concerned with the export of refined oil products from Iran.
We are committed to holding the Iranian regime accountable, and we will continue to deny funding to this regime that uses its wealth and resources to enrich itself, while depriving the Iranian people of opportunity. All entities must conduct appropriate due diligence to stay clear of sanctioned Iranian entities and sectors. No company or nation should be willing to expose itself to the risk of sanction by possibly supporting Iran’s destabilizing activities around the world.
Treasury’s Specially Designated Nationals List
LI, Yi (Chinese Simplified: 李奕), Room 202, No. 6, Lane 5848, North Zhang Yang Road, Pu Dong District, Shanghai, China; DOB 23 Feb 1975; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS. Sec. 4(e); National ID No. 310224197502233514 (individual) [IRAN-EO13846].
MAO, Yu Hua; DOB 06 Aug 1978; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS. Sec. 4(e); National ID No. 310109197808060020 (China) (individual) [IRAN-EO13846].
SHEN, Luqian, Room 32.33, No. 18, Dongayicun, Xuhui District, Shanghai, China; DOB 25 Feb 1987; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS. Sec. 4(e); Passport G54213480 (China) (individual) [IRAN-EO13846].
XU, Bin, 10-301 No. 888 Dongdaming Rd, Shanghai 200082, China; Suite 202, No. 10, Lane 888, East Da Ming Road, Shanghai, China; No. 7, Western Section, Dongfanghong Street, Mudan District, Heze, Shandong, China; DOB 21 Apr 1976; POB Heze, China; nationality China; Email Address 1044064266@qq.com; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS. Sec. 4(e); Passport E60816568 (China); National ID No. 372901197604210416 (China) (individual) [IRAN-EO13846].
XU, Yazhou (Chinese Simplified: 徐亚洲; Chinese Traditional: 徐亞洲), 30-2-501 Fengyuan Street, Dalian, Liaoning 116013, China; DOB 27 Sep 1957; POB Dalian, China; Email Address ymxm505@gmail.com; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: EXCLUSION OF CORPORATE OFFICERS. Sec. 4(e); Passport E66409954 (China); National ID No. 210202195709271752 (individual) [IRAN-EO13846].
The following entities have been added to OFAC's SDN List:
CHINA CONCORD PETROLEUM CO., LIMITED (Chinese Simplified: 中和石油有限公司) (f.k.a. FAITHFUL LINKER LIMITED (Chinese Traditional: 信聯行有限公司)), 17th Floor, Siu Ying Commercial Building, 151-155 Queen's Road Central, Hong Kong; Email Address admin@sinocpa.com; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); Business Registration Number 1080134 [IRAN-EO13846].
COSCO SHIPPING TANKER (DALIAN) CO., LTD. (a.k.a. COSCO SHIPPING TANKER DALIAN; a.k.a. DALIAN OCEAN SHIPPING CO., LTD.; a.k.a. DALIAN OCEAN SHIPPING COMPANY; a.k.a. DALIAN YUANYANG YUNSHU GONGSI; a.k.a. DALIAN YUANYANG YUNSHU YOUXIAN GONGSI; a.k.a. DALIAN ZHONGYUAN HAIYUN YOUPIN YUNSHU YOUXIAN GONGSI (Chinese Traditional: 大連中遠海運油品運輸有限公司)), Building B, Dalian International Ocean Building, No. 6, Youhao Plaza, Zhongshan District, Dalian, Liaoning 116001, China; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); Registration Number 912102001184172667 [IRAN-EO13846].
COSCO SHIPPING TANKER (DALIAN) SEAMAN AND SHIP MANAGEMENT CO., LTD. (a.k.a. COSCO SHIPPING SEAMAN SHP MGMT), 29, Qiqi Jie, Zhongshan Qu, Dalian, Liaoning 116001, China; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii) [IRAN-EO13846].
KUNLUN HOLDING COMPANY LTD., Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola VG1110, Virgin Islands, British; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii) [IRAN-EO13846].
KUNLUN SHIPPING COMPANY LIMITED (Chinese Traditional: 香港昆侖船務有限公司), 17th Floor, Siu Ying Commercial Building, 151-155 Queen's Road Central, Hong Kong; Building 5, 815 Dongdaming Lu, Hongkou Qu, Shanghai 200082, China; Website www.kunlunholding.com; Email Address admin@sinocpa.com; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); Business Registration Number 1298446 [IRAN-EO13846].
PEGASUS 88 LIMITED, 17th Floor, Siu Ying Commercial Building, 151-155 Queen's Road Central, Hong Kong; Executive Order 13846 information: FOREIGN EXCHANGE. Sec. 5(a)(ii); alt. Executive Order 13846 information: BANKING TRANSACTIONS. Sec. 5(a)(iii); alt. Executive Order 13846 information: BLOCKING PROPERTY AND INTERESTS IN PROPERTY. Sec. 5(a)(iv); alt. Executive Order 13846 information: BAN ON INVESTMENT IN EQUITY OR DEBT OF SANCTIONED PERSON. Sec. 5(a)(v); alt. Executive Order 13846 information: IMPORT SANCTIONS. Sec. 5(a)(vi); alt. Executive Order 13846 information: SANCTIONS ON PRINCIPAL EXECUTIVE OFFICERS. Sec. 5(a)(vii); Business Registration Number 2757748 [IRAN-EO13846].