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Congressional Witnesses Recommend Sanctions of Chinese Traders, Iranian Front Companies

By Brian Monroe

U.S. lawmakers Tuesday again heard recommendations on how to broaden economic sanctions against Iran, including possibly targeting Chinese gasoline traders and energy sector front companies. In testimony before the House Subcommittee on National Security, Homeland Defense and Foreign Operations, top sanctions agents and nongovernmental officials outlined the successes and failures of U.S. economic policy toward Iran, which is as little as a year away from developing nuclear weapons according to a report by the United Nation's International Atomic Energy Agency. To stymie Iran's alleged plans, the U.S. Treasury Department should blacklist Chinese gasoline traders in addition to 18 companies believed...

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