Thursday, May 10, 2018

US pressures Iran with new sanctions over 'malign activity'


The US has imposed sanctions on six people and three companies it says have ties to Iran's Islamic Revolution Guards Corps (IRGC).

Treasury Secretary Steven Mnuchin said the penalties targeted those who had funnelled millions of dollars to the group, funding its "malign activity".

Iran's central bank was also accused of helping the IRGC to access US dollars.

The Treasury Department did not name the sanctioned individuals, but said they were all Iranian.

US individuals and entities will be barred from doing business with them following the move, which was carried out in conjunction with the United Arab Emirates (UAE).

source:www.bbc.com

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