US places additional pressure on Iran

# 09:15
29 March 2019

On Tuesday, the US Department of the Treasury sanctioned 25 Middle Eastern entities and individuals over their alleged involvement in trading and funding Iran’s Islamic Revolutionary Guard Corps (IRGC) and other Iranian military units, ONA reports citing Sputnik.

The Treasury Department explained that the IRGC-controlled Ansar Bank and the bank’s currency exchange arm served as the hub for a regional network with layers of intermediary entities allowing devalued Iranian rials to be exchanged for dollars and euros.

Sigal Mandelker, under-secretary of the Treasury for Terrorism and Financial Intelligence, said she would stress the inherent risks in dealing with Iran in meetings over the coming days with government officials in Malaysia, Singapore and India, Reuters reported Thursday.

According to Mandelker, Washington has raised concerns over an alleged illicit shipment of Iranian oil with Malaysia and Singapore.

The US sanctions against Tehran were reinstated last year after the United States withdrew from the Iran nuclear deal, which envisaged the relief of economic sanctions against Tehran in return for Iran's pledge to keep its nuclear program peaceful.