US targets firms, individuals evading sanctions against Iran

Image
IANS Washington
Last Updated : Feb 07 2014 | 1:50 AM IST

The US Treasury Department Thursday announced actions targeting a number of companies and individuals around the world for evading US sanctions against Iran.

With the move, the US freezes the assets of the designated sanction-evaders under US jurisdiction and bans American citizens from carrying out transactions with them, Xinhua quoted the Treasury Department as saying in a statement.

The targeted companies and individuals are operating in Turkey, Spain, Germany, Georgia, Afghanistan, Iran, the United Arab Emirates, and Liechtenstein, the statement said.

The move marks the second time Washington takes aim at violators of sanctions on Iran since world powers reached an interim deal with Iran on Tehran's controversial nuclear programme in November.

Under the six-month deal which begins Jan 20, Tehran agreed to halt part of the nuclear activities in exchange for limited sanctions relief. However, the US has warned that this does not mean Iran is open for business.

Thursday's actions "reflect the United States' sustained commitment to continue enforcing our existing sanctions," the statement said.

"The United States has made clear that... the overwhelming majority of sanctions remain in effect and will continue to be vigorously enforced," said Treasury's Undersecretary for Terrorism and Financial Intelligence David Cohen.

Some US senators are seeking to ratchet up sanctions against Iran despite the accord, but President Barack Obama has threatened to veto any sanctions bill from Congress.

Iran and the P5+1 group -- the five permanent members of the UN Security Council plus Germany -- will start talks on a final nuclear deal Feb 18 in Vienna, Austria.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 07 2014 | 1:42 AM IST

Next Story