US sanctions seven Hong Kong-based companies over Iran

The United States on Friday issued Iran-related sanctions on several Hong Kong-based companies.The seven entities include PCA Xiang Gang Limited, Damineh Optic Limited, China 49 Group Co, Taiwan Be Charm Trading Co, Black Drop International Co, Victory Somo Group (HK) Limited, and Yummy Be Charm Trading (HK) Limited, according to a press release on the Treasury Department website.The designations came as part of a broader action by the department that targeted Lebanon and Kuwait-based financial…

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