Iran General NewsObama's Treasury pick vows financial action against Iran

Obama’s Treasury pick vows financial action against Iran

-

ImageAFP: Treasury secretary-designate Timothy Geithner vowed to pursue the US government's financial offensive on Iran to stamp out its alleged weapons proliferation and support for terrorism.

ImageWASHINGTON (AFP) — Treasury secretary-designate Timothy Geithner vowed to pursue the US government's financial offensive on Iran to stamp out its alleged weapons proliferation and support for terrorism.

In written answers to members of the Senate finance committee, released Thursday as part of his confirmation process, Geithner noted that Treasury has blacklisted a number of Iranian banks and companies over those concerns.

"If confirmed as secretary of the Treasury, I would consider the full range of tools available to the US Department of the Treasury, including unilateral measures, to prevent Iran from misusing the financial system to engage in proliferation and terrorism," he wrote in response to senators' questions.

"I agree wholeheartedly that the Department of the Treasury has done outstanding work in ratcheting up the pressure on Iran, both by vigorously enforcing our sanctions against Iran and by sharing information with key financial actors around the world about how Iran's deceptive conduct poses a threat to the integrity of the financial system," Geithner said.

Latest news

Iran: At Least 26 Prisoners Executed in One Week

The National Council of Resistance of Iran (NCRI) announced that between July 28 and August 3, at least 26...

The 132nd Week of the ‘No to Execution Tuesdays’ Campaign Across 59 Prisons

In the 132nd week of the "No to Execution Tuesdays" campaign, political prisoners in 59 prisons across Iran launched...

Iraq: Iranian Regime Violated Commitments Regarding Strait of Hormuz

As tensions over maritime security in the Persian Gulf and the Red Sea continue, Iraqi officials said negotiations with...

The Value of the Rial on a Downward Slope: Direct Consequences of Pre-Crisis Policy Failures

Economic experts always emphasize the key role of smart governance in maintaining financial stability and preserving the value of...

Continued Labor Protests: Telecommunications Retirees Rally in Various Iranian Cities

As labor protests continued across different parts of Iran, on Monday, August 3, telecommunications retirees in Bijar County and...

Iran’s Economy in Critical Condition, Insider Warns

Hossein Raghfar, an economist close to the Iranian regime, described Iran's economic situation as "very unfavorable" and warned that...

Must read

US wants bunker-buster fast, denies Iran is reason

AP: The Pentagon is speeding up delivery of a...

End of New Year Holidays Marked by Continued Decline in the Value of the Iranian Rial

On the first day that markets reopened after the...

You might also likeRELATED
Recommended to you