Dept. of Treasury Announces New Sanctions Against Iran

Jacob Miller — May 23, 2013 – 4:13 pm | Barack Obama | Foreign Policy | Iran Comments (0) Add a comment

Today the U.S. Department of Treasury announced new sanctions against Iran as instructed in President Barack Obama’s Executive Order 13382 which targets those that assist with the proliferation of or support in the development of weapons of mass destruction. Those targeted are part of a global network that are responsible for acquiring and important components for Iran’s nuclear program. Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen said:

“As long as Iran continues to pursue a nuclear and ballistic missile program in defiance of multiple UN Security Council Resolutions, the U.S. will target and disrupt those involved in Iran’s illicit activities. We will continue to work with our international partners to intensify this pressure and tighten sanctions on Iran’s energy sector as it provides much needed financial support for the Iranian regime’s proliferation activity.”

Treasury’s announcement further detailed those being targeted:

The designations focus on entities and individuals supporting previously designated entities within Iran’s proliferation network as well as Iran’s Islamic Revolutionary Guard Corps (IRGC), Naftiran Intertrade Company (NICO), and Iran’s Ministry of Defense for Armed Forces Logistics (MODAFL).  These organizations are at the center of Iran’s continued proliferation activities.  

To read the full release from the US Treasury Department click here

 

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