20 September 2020
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US slaps new sanctions on Iran over terror support

Monday, 04 May 2020 01:36

Five companies and 15 individuals sanctioned for transferring arms to Iran-backed armed groups

The United States Treasury Department rolled out new sanctions against Iran on Thursday as Washington sticks to its guns on the maximum pressure policy on Tehran.

The restrictions target five Iran and Iraq-based enterprises and 15 individuals over their support to the Iranian Revolutionary Guards and its elite Quds force, both designated by the US as terror groups.

They are also accused of having transferred weapons to Iran-backed armed groups in Iraq, "such as Kata’ib Hizballah," which was deemed by Washington to be the group behind a deadly rocket attack on an Iraqi base hosting foreign troops.

Besides smuggling weapons, those on the new sanctions list are also accused of money laundering, threatening Iraqi politicians and selling Iranian oil to the Assad regime in Damascus.

“Iran employs a web of front companies to fund terrorist groups across the region, siphoning resources away from the Iranian people and prioritizing terrorist proxies over the basic needs of its people,” US Treasury Secretary Steven Mnuchin said in a statement.

The sanctions come as the Iranian economy is reeling from both the foreign pressure and the COVID-19 coronavirus outbreak in the country

With humanitarian aid unaffected by US sanctions, Iran angrily refuted Washington's offer of assistance in handling the outbreak and booted out a Doctors WIthout Borders group that was supposed to set up a field hospital in the country.

Source: i24 News


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