The Trump administration on Thursday said it renewed a waiver for companies to w...
WASHINGTON - The Trump administration on Thursday said it renewed a waiver for companies to wind down transactions with the Dalian unit of a Chinese tanker company it had slapped sanctions on in September for allegedly transporting Iranian oil.
The waiver, good until Feb. 4, 2020, allows activities and transactions “ordinarily incident and necessary to the maintenance or wind down of transactions” including offloading of non-Iranian crude oil involving COSCO’s Dalian Shipping Tanker Unit, the U.S. Treasury Department said in a release.
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