The US Treasury Department has declared sanctions against over 30 people and businesses who are alleged to have assisted Iran in avoiding sanctions and laundering billions of dollars from the sale of oil and petrochemicals to finance its missile and nuclear programmes.
The sanctioned network operated as a system of “shadow banking” involving front companies in places like Hong Kong and the United Arab Emirates, the department said in a statement. The goal, it said, was to bypass existing sanctions, obscure the origin of oil proceeds, and funnel money into military-linked projects. The new sanctions freeze any U.S.-based assets of the targeted entities and bar U.S. citizens from doing business with them.
The measures also complicate the ability of those sanctioned to operate internationally, especially in transactions involving U.S. dollars. Washington and Tehran are engaged in negotiations over the future of Iran’s nuclear programme. U.S. President Donald Trump has repeatedly said he “aims to prevent Iran from developing nuclear weapons”.
Tehran insists its nuclear activities are purely for civilian purposes. Trump has warned that military action remains on the table if diplomacy fails.
Read more at: https://abntv.com.ng/news/us-targets-30-individuals-firms-supporting-irans-missile-programmes/
No comments:
Post a Comment