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US imposes sanctions against Iran central bank governor, Iraq-based bank

The United States classifies Lebanon's Shi'ite Muslim movement Hezbollah, which is backed by Iran, as a terrorist group

Reuters  |  Washington 

The United States on Tuesday imposed sanctions on Iran's central bank governor, Valiollah Seif, and Iraq-based Al-Bilad Islamic Bank for "moving millions of dollars" for Iran's elite Revolutionary Guard Corps, as Washington seeks to cut off funding for what it says is Iran's malign activities in the Middle East. US Treasury Secretary Steven Mnuchin said Seif covertly funneled millions of dollars on behalf of the IRGC through Al-Bilad bank "to enrich and support the violent and radical agenda of Hezbollah." The United States classifies Lebanon's ...

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First Published: Wed, May 16 2018. 02:23 IST
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