US imposes new sanctions on nine Iranian individuals, 14 entities

US imposes new sanctions on nine Iranian individuals, 14 entities
  • Clock-gray 17:57
  • calendar-gray 26 March 2019

The US has decided to impose sanctions on nine more individuals and 14 organizations in Iran involved, according to Washington, in terrorist activities and the Iranian nuclear programme, the Treasury Department said in a statement, APAreports citing Sputnik.

The list of sanctions includes the companies Asan Bank Brokerage, Currency Exchange, Colden Commodities LLC, and others.

"We are targeting a vast network of front companies and individuals located in Iran, Turkey, and the UAE to disrupt a scheme the Iranian regime has used to illicitly move more than a billion dollars in funds. The IRGC, MODAFL, and other malign actors in Iran continue to exploit the international financial system to evade sanctions, while the regime funds terrorism and other destabilizing activities across the region", Treasury Secretary Steven Mnuchin said, as quoted by the department.

US sanctions against Tehran were reinstated last year after the United States withdrew from the Joint Comprehensive Plan of Action (JCPOA), which provided for the relief of economic sanctions against Tehran in return for Iran's pledge to keep its nuclear programme peaceful.

Faiq Mahmudov

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