And Danish engineering firm Haldor Topsoe said it was cutting 200 jobs in the country as a result of the sanctions. Even stronger sanctions targeting Iran's oil sector and central bank are to be re-imposed in early November.
"We still consider it a mistake to give up the nuclear agreement with Iran", Foreign Minister Heiko Maas warned.
These U.S. actions target Tehran's purchase of U.S. banknotes, trade in gold and other precious metals, as well as the use of graphite, aluminum, steel, coal, and software used in industrial processes.
The ministry also reminded Washington that Beijing follows a consistent policy of opposing any "unilateral sanctions and long-armed jurisdiction" indiscriminately practiced by the USA against members of the global community.
The US is making history not just by violating a United Nations security council resolution it voted for three years ago, but also by penalising countries who stick to the same unanimous resolution, the Iranian ambassador to the UN has claimed.
He said military officials would use intelligence and surveillance to keep apprised of Iranian activities that might impact maritime commerce.
Ri and his Iranian counterpart Javad Zarif met Tuesday, the day the U.S. reimposed economic sanctions on Iran.
The commission said today it hadn't received any such requests despite the growing number of companies who say they are pulling out of Iran.
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The European Union has also unveiled a "blocking statute" meant to mitigate the impact of the USA sanctions on European firms doing legitimate business with Iran.
In a blistering criticism of the leader of the Islamic Revolutionary Guards Quds Force, the four-star United States general in charge of USA military of operations in the Middle East said Qasem Soleimani is behind much of Iran's destabilizing activities in the region.
Iran's regional rivals Israel and Saudi Arabia have welcomed the tough new USA policy. Critics accused him of mismanagement and blamed him for the country's recent economic problems, which have been exacerbated by the restoration of US sanctions lifted under the 2015 nuclear agreement.
Oettinger said that the regionally based and decentralized financial sector traditionally has few ties to USA financial markets and was hence less likely to be hit by the new sanctions regime.
"I think North Korea is seeking to stand united with Iran against the U.S. as they are both facing sanctions from the USA", said Kim Hyun-wook, a professor at the Korea National Diplomatic Academy. "It has propped up the Syrian regime and participated in crimes against humanity in Syria".
"It's simply unacceptable that US laws are being enforced outside USA territory", Bingmann said.
The office of Director of National Intelligence Dan Coats declined to comment Tuesday on the likelihood that Iran will answer the sanctions with cyber operations against the US When the US pulled out of the nuclear deal, the Federal Bureau of Investigation issued a warning saying that hackers in Iran "could potentially use a range of computer network operations - from scanning networks for potential vulnerabilities to data-deletion attacks - against US-based networks in response to the US government's withdrawal" from the nuclear pact.
"Wherever you see Iranian activity, you see Qassem Soleimani".