CNA
June 9, 2025 at 07:49 AM
China-linked firm CCIC Singapore says its recent layoffs of about 300 staff are due to the impact of US sanctions, which turned out greater than expected.
It was among 15 companies blacklisted by the US on May 13 for helping to conceal the origins of Iranian oil being shipped to China. https://cna.asia/3SJHhtw
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