The United States ratcheted up its sanctions against Iran on Thursday, blacklisting a number of firms and individuals for contributing to what it says is an effort to acquire nuclear weapons.
“These actions are part of the United States government’s dual-track approach of increasing pressure to convince Iran to engage seriously and address the international community’s concerns about its nuclear program.”
David Cohen, the Treasury’s undersecretary for terrorism and financial intelligence, said the moves take “direct aim at disrupting Iran’s nuclear and ballistic missile programs as well as its deceptive efforts to use front companies to sell and move its oil.”
“We will continue to ratchet up the pressure,” he said.
The United States and European Union have implemented an oil embargo against Iran, leading to a substantial decline in exports of crude from which the Islamic republic draws two-thirds of its foreign exchange earnings.
Iran been subject to severe international economic sanctions over its controversial nuclear program, which Western powers believe masks an atomic weapons drive despite repeated denials by Tehran.
In Thursday’s actions, the U.S. Treasury and State departments targeted 11 entities and four people, alleging that many of them are part of a network of proliferators headed by Iran’s Ministry of Defense for Armed Forces Logistics and its subsidiary, Aerospace Industries Organization.
A number of sanctions were added against Iran’s national maritime carrier, Islamic Republic of Iran Shipping Lines, and Iran’s Islamic Revolutionary Guard Corps.
Both the IRISL and the IRGC have been the target of a numerous sanctions actions by the United States and its partners, the department noted.
Oct 18, 2018 Comments Off on Iran’s Extended Ballistic Missile Range Is A Shot Across The Bow To The US Navy
Oct 05, 2018 Comments Off on World War 3: Iran will SLAP Trump and US over sanctions, warns Supreme Leader
Oct 04, 2018 Comments Off on US Calls Iranian Missile Strike Targeting Syrian Militants ‘Reckless’
Oct 04, 2018 Comments Off on France Ties Iran to Bomb Plot, and Freezes Spy Agency Assets
Oct 17, 2018 Comments Off on US sanctions network supporting Iran’s Basij Resistance Force
Oct 16, 2018 Comments Off on Here’s How Iran Hides Its Secret Oil Trade
Oct 16, 2018 Comments Off on IRGC Commander And Senior Cleric Threaten Israel
Oct 12, 2018 Comments Off on We will take care of countries that will continue to buy oil from Iran after Nov 4: Donald Trump
Oct 17, 2018 Comments Off on US sanctions network supporting Iran’s Basij Resistance ForceUS sanctions network supporting Iran’s Basij Resistance Force US sanctions network supporting Iran’s Basij Resistance Force The US Department of the Treasury has imposed sanctions on a network of...
Oct 12, 2018 Comments Off on We will take care of countries that will continue to buy oil from Iran after Nov 4: Donald TrumpWe will take care of countries that will continue to buy oil from Iran after Nov 4: Donald Trump buy oil from Iran after Nov 4: Donald Trump WASHINGTON- The US will take care” of countries which defy its directive...
Jul 14, 2016 Comments Off on Corps’ one hundred thousand of triggered missiles in Lebanon:An official Israel-threatening by CorpsIran Briefing: Since August 7, 1979, when Ayatollah Khomeini declared the last Friday of Ramadhan as “Quds Day”, the Islamic Republic has always tried to hold an imposing ceremony by using state resources as well as requiring people’s involvement. This year’s Quds march had fundamental...