The administration of US President Donald Trump on Wednesday hit Iran with new sanctions that target several transportation firms as it continues its “maximum pressure campaign” against the Islamic Republic over its nuclear and ballistic missile programs.
The sanctions target Iran’s state shipping line and a China-based company that has been involved in delivering missile parts to Iran. They also add a layer of new penalties to a previously sanctioned Iranian airline, Mahan Air, which is accused of transporting weapons to Iranian proxies in Lebanon and Yemen, and three of its sales agents.
The moves, announced by the US departments of state and the treasury, are to subject foreign firms and governments that do business with the targeted entities to sanctions themselves, including a freeze on assets they have in US jurisdictions.
Photo: AP
“Today’s designations put the world on notice that those who engage in illicit transactions with these companies will risk exposure and sanctions themselves,” US Secretary of State Mike Pompeo said.
Alireza Miryousefi, a spokesman for Iran’s UN Mission, tweeted later on Wednesday: “These sanctions are directly targeting ordinary Iranians’ livelihood, but they will not be cowed by pressures by any foreign power. And another step in the US’ #economicterrorism against Iranians, who are never fooled by the US’s crocodile tears.”
Pompeo announced the sanctions even as he expressed hope that a weekend prisoner swap with Iran could lead to a dialogue between Washington and Tehran over prisoners.
He called Saturday’s release of Princeton graduate student Wang Xiyue (王希悅) in exchange for an Iranian jailed in the US a “happier note” that could yield progress.
“I do hope the exchange that took place will lead to a broader discussion on consular affairs,” Pompeo said. “We are working to use this as an opportunity to continue that effort.”
INSURRECTION: The NSB said it found evidence the CCP was seeking snipers in Taiwan to target members of the military and foreign organizations in the event of an invasion The number of Chinese spies prosecuted in Taiwan has grown threefold over a four-year period, the National Security Bureau (NSB) said in a report released yesterday. In 2021 and 2022, 16 and 10 spies were prosecuted respectively, but that number grew to 64 last year, it said, adding that the Chinese Communist Party (CCP) was working with gangs in Taiwan to develop a network of armed spies. Spies in Taiwan have on behalf of the CCP used a variety of channels and methods to infiltrate all sectors of the country, and recruited Taiwanese to cooperate in developing organizations and obtaining sensitive information
BREAKTHROUGH: The US is making chips on par in yield and quality with Taiwan, despite people saying that it could not happen, the official said Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has begun producing advanced 4-nanometer (nm) chips for US customers in Arizona, US Secretary of Commerce Gina Raimondo said, a milestone in the semiconductor efforts of the administration of US President Joe Biden. In November last year, the commerce department finalized a US$6.6 billion grant to TSMC’s US unit for semiconductor production in Phoenix, Arizona. “For the first time ever in our country’s history, we are making leading edge 4-nanometer chips on American soil, American workers — on par in yield and quality with Taiwan,” Raimondo said, adding that production had begun in recent
Seven hundred and sixty-four foreigners were arrested last year for acting as money mules for criminals, with many entering Taiwan on a tourist visa for all-expenses-paid trips, the Criminal Investigation Bureau (CIB) said on Saturday. Although from Jan. 1 to Dec. 26 last year, 26,478 people were arrested for working as money mules, the bureau said it was particularly concerned about those entering the country as tourists or migrant workers who help criminals and scammers pick up or transfer illegally obtained money. In a report, officials divided the money mules into two groups, the first of which are foreigners, mainly from Malaysia
SILICON VALLEY HUB: The office would showcase Taiwan’s strengths in semiconductors and artificial intelligence, and help Taiwanese start-ups connect with global opportunities Taiwan has established an office in Palo Alto, one of the principal cities of Silicon Valley in California, aimed at helping Taiwanese technology start-ups gain global visibility, the National Development Council said yesterday. The “Startup Island Taiwan Silicon Valley hub” at No. 299 California Avenue is focused on “supporting start-ups and innovators by providing professional consulting, co-working spaces, and community platforms,” the council said in a post on its Web site. The office is the second overseas start-up hub established by the council, after a similar site was set up in Tokyo in September last year. Representatives from Taiwanese start-ups, local businesses and