US sets sanctions on Iran, terror global network

Image
AFP Washington
Last Updated : Feb 07 2014 | 12:40 AM IST
The United States blacklisted today individuals and companies worldwide for violating its sanctions regime on Iran, even as it has slightly eased those sanctions as nuclear talks progress.
The Treasury Department said the sanctions also were aimed at supporters of terrorism.
The sanctions targets are operating in Turkey, Spain, Germany, Georgia, Afghanistan, Iran, the United Arab Emirates, and Liechtenstein, the Treasury said.
"The global targets designated today play key roles in supporting Iran's nuclear program and active support for terrorism," David Cohen, the Treasury under secretary for terrorism and financial intelligence, said in a statement.
Cohen emphasized that the United States is implementing a temporary easing of some sanctions on Iran agreed in Geneva, but "the overwhelming majority of sanctions remain in effect and will continue to be vigorously enforced."
The sanctions freeze any US assets of the targeted person or entity and prohibit transactions with any American.
Among the companies targeted was Spanish firm Advance Electrical and Industrial Technologies and DF Deutsche Forfait Aktiengesellschaft of Germany, for allegedly aiding Iran's nuclear and weapons proliferation activities.
The list includes some individuals accused of plotting attacks in Afghanistan.
Under the interim deal reached in November in Geneva, Iran agreed to freeze parts of its suspect nuclear program in return for some USD 7 billion in sanctions relief as it negotiates a final, comprehensive accord to dismantle its nuclear weapons capability.
The United States also agreed to refrain from slapping new sanctions on Iran.
The US Congress, where support for Israel runs deep, has looked at ramping up sanctions on Iran despite the accord, but President Barack Obama has threatened to veto any bid to derail the ongoing diplomacy.
*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 | 12:40 AM IST

Next Story