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U.S. imposes fresh sanctions on Iranian individuals, companies

Reuters | Washington DC | Updated: 26-03-2020 21:46 IST | Created: 26-03-2020 20:32 IST
U.S. imposes fresh sanctions on Iranian individuals, companies
Representative image Image Credit: Wikipedia

The United States on Thursday blacklisted 20 Iran- and Iraq-based companies, officials and individuals, accusing them of supporting terrorist groups and ramping up pressure on Tehran even as the Islamic Republic battles the coronavirus outbreak.

The U.S. Treasury Department said in a statement that the individuals and entities supported Iran's Islamic Revolutionary Guards Corps (IRGC) and its elite foreign paramilitary and espionage arm, the Quds Force, as well as transferred lethal aid to Iran-backed militias in Iraq, including Kataib Hezbollah and Asaib Ahl al-Haq. Treasury said the people and entities were involved in smuggling weapons to Iraq and Yemen and selling U.S.-blacklisted Iranian oil to the Syrian government, among other activities.

The sanctions freeze any U.S.-held assets of those designated and generally bar Americans from doing business with them. "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," Treasury Secretary Steven Mnuchin said in the statement.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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