Info:
Shenzhen Xiangu High-Tech. Co., Ltd. is mainly engaged in R&D, sales of chemicals, glassfiber, polyacrylonitrile fiber, carbon fiber, aramid fiber precursor and their deep processed products;
The United States is sanctioning Shenzhen Xiangu High-Tech pursuant to the Iran, North Korea, and Syria Nonproliferation Act (INKSNA) on February 25 2020;
According to the State Department, this entity was targeted in accordance with US measures to try to prevent the transfer of technologies which could contribute to the development of nuclear, chemical, or bacteriological weapons or their delivery systems to Iran, North Korea and Syria. That legislation stepped into force in January 1999 and was last modified to include North Korea in 2006;
The imposition of these measures underscores that Iran’s missile program remains a significant proliferation concern. The imposition of sanctions against these foreign entities is consistent with our efforts to use all available measures to prevent Iran from advancing its missile capabilities;
Accordingly, pursuant to Section 3 of the Act, the following measures are imposed on these persons:
1. No department or agency of the United States Government may procure or enter into any contract for the procurement of any goods, technology, or services from these foreign persons, except to the extent that the Secretary of State otherwise may determine;
2. No department or agency of the United States Government may provide any assistance to these foreign persons, and these persons shall not be eligible to participate in any assistance program of the United States Government, except to the extent that the Secretary of State otherwise may determine;
3. No United States Government sales to these foreign persons of any item on the United States Munitions List are permitted, and all sales to these persons of any defense articles, defense services, or design and construction services under the Arms Export Control Act are terminated; and
4. No new individual licenses shall be granted for the transfer to these foreign persons of items the export of which is controlled under the Export Administration Act of 1979 or the Export Administration Regulations, and any existing such licenses are suspended.
Involved In:
Missile Weapon Program
Also Known As:
Shenzhen Xiangu High-Tech Company
Shenzhen Xiangu High-Tech Co.
Shenzhen Xiangu High-Tech Co., Ltd.
Shenzhen Xiangu High-Tech Company Limited
Shenzhen Xiangu High-Tech Co. Limited
Country:
China
Address:
Hongwan 2nd Industrial Zone, Gushu, Xixiang, Baoan, Shenzhen, Guangdong, China
Reason for the color:
» Imposition of Nonproliferation Measures Against Foreign Persons, Including a Ban on U.S. Government Procurement;