United States expands sanctions on Iran

14 May, 2018, 00:25 | Author: Roderick Gutierrez
  • Iran Revolutionary Guards chief: 'Fate of nuclear deal is clear'

Beginning Aug. 7, the US will impose sanctions on the purchase or acquisition of USA dollar banknotes by Iran's government, the Treasury Department said.

It comes following close collaboration between the UAE and the United States, which has designated the same individuals and entities.

Three of the individuals were born in Iran, while all of them are linked to the Islamic Revolutionary Guard Corps, the statement showed.

"We are intent on cutting off IRGC revenue streams wherever their source and whatever their destination", he added. "The enemy never chooses the military option against Iran, but holds on to the option of an economic embargo".

While, according to the New York Times, Britain, France and Germany said they remained committed to the deal despite Trump's decision, the Iranian leader said that Europe can not act independently.

The Quds Force is an elite unit in charge of the IRGC's overseas operations.


The new penalties come just two days after Trump pulled the United States out of the Iran nuclear deal and pledged to ramp up pressure on Tehran.

Trump also said he would reinstate USA nuclear sanctions on Iran and impose "the highest level" of economic bans on the Islamic Republic.

Trump also said he thinks he can negotiate a better agreement with Iran than the previous deal.

Iranian President Hassan Rouhani had warned his country could resume uranium enrichment "without limit" but would refrain from doing so for now.

Iran's deployment of troops to the country to help President Bashar al-Assad has alarmed Israel, which launched a wave of strikes in retaliation for the attack.

The latest move by Treasury, which was taken in cooperation with the UAE, follows the president's announcement Tuesday that the USA will no longer be party to the Joint Comprehensive Plan of Action (JCPOA), more commonly known as the Iran nuclear deal.

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