USA looks forward to make sanctions on Iran more stringent

The United States, who is striving to keep Iran from developing its nuclear programme, has decided to add up to its sanctions on the country that is already ailing from the financial and business sanctions.

According to the press brief issued by the US state department, “One set of today’s actions targets Iran’s nuclear and missile proliferation activities by designating entities and individuals that are part of the international
procurement and nuclear proliferation operations of Iran’s Ministry of Defense for Armed Forces Logistics (MODAFL); Aerospace Industries Organization (AIO); Iran’s national maritime carrier, Islamic Republic of Iran Shipping Lines (IRISL); and Iran’s Islamic
Revolutionary Guard Corps (IRGC) – all of which have been previously designated under Executive Order (E.O.) 13382, “Blocking Property of Weapons of Mass Destruction Proliferators and Their Supporters.” Treasury today is also updating the identifying information
for 57 vessels affiliated with IRISL that had been renamed or reflagged since they were originally designated by Treasury, and identifying seven vessels affiliated with IRISL that have not been identified previously. U.S. persons are generally prohibited from
engaging in any transactions with individuals or entities designated pursuant to E.O 13382, and any assets the designees may have under U.S. jurisdiction are blocked.”

With these sanctions taking in place, if the Iranian government decides to retaliate, the situation in the Middle East will become further strife.

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Posted by Fayyaz Yaseen on Jul 13 2012. Filed under Business, World. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry