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National News
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| United States imposes sanctions on six Iranian people and three companies | | | | May 11, 2018
The United States has imposed sanctions on six Iranian people and three companies, for having ties with Iran's elite military force. Treasury Secretary, Steven Mnuchin said in a statement that the penalties targeted those who had funnelled millions of dollars to Iran's military.
He said the Iranian regime and its Central Bank have abused access to entities in the UAE to acquire US dollars to fund Iran's elite military force, the Revolutionary Guard Corps. The Treasury Department said US individuals and entities will be barred from doing business with them.
US President, Donald Trump yesterday said at a rally in the state of Indiana that the US cannot allow Iran to have nuclear weapons. The new penalties come just two days after Trump pulled the US out of the Iran nuclear deal and pledged to ramp up pressure on Tehran. The 2015 agreement curbed Iran's nuclear activities in return for the lifting of UN, US and EU sanctions. | | | | |
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