Iran Nuclear NewsUS imposes sanctions on 21 'Iran-backed' firms

US imposes sanctions on 21 ‘Iran-backed’ firms

-

AFP: The United States on Tuesday imposed sanctions on 21 firms it believes are front companies for the Iranian government, stepping up pressure on the Islamic republic over its nuclear program.

WASHINGTON (AFP) — The United States on Tuesday imposed sanctions on 21 firms it believes are front companies for the Iranian government, stepping up pressure on the Islamic republic over its nuclear program.

Accusing Tehran of trying to dodge sanctions by setting up opaque trading companies, the Treasury Department named a host of banking, mining and other companies spread throughout Europe and Japan as government-backed.

“As its isolation from the international financial and commercial systems increases, the government of Iran will continue efforts to evade sanctions,” said Treasury undersecretary Stuart Levey.

Those moves, he said, included “using government-owned entities around the world that are not easily identifiable as Iranian to facilitate transactions in support of their illicit activities.”

The firms included two Belarus-based banks, two Germany-based investment firms, and mining and engineering companies in Japan, Germany, Luxembourg, Italy and Iran.

American citizens and businesses will now be barred from doing business with the proscribed companies.

It is the latest of a series of US moves to force a halt to Iran’s nuclear program, which Western governments say is a cover for a nuclear weapons drive.

Latest news

Iran’s New Generation Seeks Nothing but Regime Change

In a silly and desperate statement, the Iranian regime’s foreign minister Hossein Amir-Abdollahian claimed that nothing special is going...

Iran’s Youths Broke the Spell of Fear

One of the main characteristics of the recent protests in Iran is the courage and fearlessness of the people,...

Iran Is on the Brink of a Revolution

The wall of fear has been broken. In many cities across Iran, women are taking to the streets, leading...

Iran’s Regime Claims To Fill Global Energy Gap Despite Crippled Petroleum Sector

In recent weeks, the Iranian regime’s officials have been constantly exaggerating their huge capacity in oil and gas reserves...

What Is Happening in Iran?

Following the brutal killing of Masha Amini, the Iranian people have once again united to fight and defeat the...

Iran Regime’s Ministry of Culture’s Decision To Eliminate Children’s Intellectual Centers

With the so-called ‘Cultural Revolution’ which took place between 1980 and 1983, the Iranian regime tried to purge the...

Must read

Nigerian court adjourns Iranian arms trial

AFP: A Nigerian court on Friday adjourned the trial...

Iran denies envoy delivered tough secret message from Bush

Iran Focus: London, Aug. 31 - Iran’s Foreign Ministry...

You might also likeRELATED
Recommended to you