The sanctions are part of the U.S. economic campaign to pressure Iran to radically alter its policies, including developing ballistic missiles, supporting regional militant groups and violating human rights.
Treasury said the Bonyad Taavon Basij network is an example of how the IRGC and Iranian military forces have expanded economic involvement in major industries and infiltrated seemingly legitimate businesses to fund terrorism and other malign activities.
“This vast network provides financial infrastructure to the Basij‘s efforts to recruit, train and indoctrinate child soldiers who are coerced into combat under the IRGC’s direction,” Treasury Secretary Steven Mnuchin said in a statement. “The international community must understand that business entanglements with the Bonyad Taavon Basij network and IRGC front companies have real world humanitarian consequences. This helps fuel the Iranian regime’s violent ambitions across the Middle East.”
The sanctions prohibit Americans from doing business with the network or its affiliates and freeze assets they have under U.S. jurisdiction.
President Donald Trump’s administration has been steadily restoring sanctions on Iran since he withdrew from the 2015 nuclear accord in May. Iran has been grappling with an economic crisis in recent months, with its currency plunging to historic lows and sporadic protests breaking out. The first set of sanctions, which were eased under the terms of the nuclear deal negotiated by the Obama administration, was re-imposed in August. A second, more sweeping set of sanctions is set to be re-imposed in early November.
The sanctions target the business network — known in English as Basij Cooperative Foundation — and the paramilitary group called the Basij Resistance Force. The paramilitary unit, formed after the 1979 Iranian revolution, is run by the IRGC and has branches in every province and city in Iran.
Read more: WSAW
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