Trump administration hits Iran's central bank with terror sanctions
16 May, 2018, 08:04 | Author: Dustin Murphy
"It is appalling, but not surprising, that Iran's senior-most banking official would conspire with the IRGC-QF to facilitate funding of terror groups like (Hezbollah), and it undermines any credibility he could claim in protecting the integrity of the institution as a central bank governor", Mnuchin said in a statement.
Valiollah Seif, the governor of the Iranian central financial institution, was named a "specifically designated global terrorist" together with one other senior official, Ali Tarzali, who works within the central financial institution's worldwide division.
With this, the Treasury Department is trying to clamp down on Iran's ability "to abuse the US and regional financial systems".
At the time, the USA singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action. "The United States will not permit Iran's increasingly brazen abuse of the global financial system". "The worldwide neighborhood should stay vigilant towards Iran's misleading efforts to supply monetary help to its terrorist proxies".
The exact ramifications of the sanctions for Iran's economy were not immediately clear. The US said that the sanctions on Seif did not extend to Iran's central bank itself.
Tuesday's action seeks to cut off what the U.S. called a "critical" banking network for Iran and deny those blacklisted access to the global financial system. Seif and Tarzali are also being hit with secondary sanctions under Iranian Financial Sanctions Regulations (IFSR).
There was no quick remark Tuesday evening from Iranian officers. Iranian media initially reported the decision based on reports in the foreign media.
Trump had threatened for more than a year to abandon the deal.
Last week, two days after U.S. President Donald Trump withdrew from the 2015 Iran nuclear deal, the U.S. Treasury imposed sanctions against six individuals and three companies it said were funneling millions of dollars to the IRGC-QF. On Tuesday, Iranian Foreign Minister Mohammad Javad Zarif was meeting in Brussels with the top French, British and German diplomats as the Europeans seek to keep Iran from bailing on the deal. Habib and the bank are also subject to secondary sanctions.
The U.S. faced a May 12 deadline to decide whether or not to remain in the Iran nuclear deal.
"A senior Bank official of Iran has helped...the financing of terrorist groups such as Hezbollah, the USA will deter the increasingly brazen abuse of Iran to the worldwide financial system", - quotes Bloomberg Mnuchin.
Bruno Le Maire, France's foreign minister, said EU states would propose sanctions-blocking measures to the European Commission. The US action will also put the opening up of American Embassy on May 14 in Jerusalem in a different light.
A pair of USA fighter jets intercepted two TU-95 bombers, similar to the one pictured here, Friday morning off the Alaskan coast. Intercepts in the zone occurred about 60 times from 2007 to 2017, The New York Times reported a year ago .
Reuters reported China is "willing in principle" to import more USA agricultural products in return for easing penalties on ZTE. All three major US stock indexes were down almost 1percent, on track to post their worst daily declines in three weeks.
Visually, the new AMG GT S Roadster gets the signature AMG radiator grille to the long bonnet and the muscular tail end. It will bridge the performance and price gap between its predecessors, for a vehicle that some may deem just right .
The Saints will be without defender Jan Bednarek, who picked up a head injury in the club's midweek win over Swansea. Manchester City have scored at least 3 goals in their last 3 away matches in the Premier League.
At the tapings, it was revealed that Alexa Bliss has been added to the women's Money in the Bank Ladder Match. Since making his return to WWE, Bobby Lashley has actually been rather quiet on the main roster.
Meanwhile, Justin Thomas took over the world's No. 1 ranking with his 11th-place finish after carding a 66 in the fourth round. Playing partner Danny Lee of New Zealand quickly cut Simpson's lead to five with birdies at the second and third.
Having another Cambridge-based outfit caught harvesting details from millions of users is hardly a good look for Zuck and Co. Today Facebook announced that after auditing "thousands of apps", it found and suspended "around 200" that were suspicious.
I still believe Dez can high-point the football as good as any other wide receiver in the National Football League. Now, a former Dallas Cowboys player believes he'll have many more chances to catch some balls in Green Bay.
China's first domestic-built aircraft carrier has been sent on its first voyage for sea trials, according to Chinese media. China has developed a new jet fighter called A J-15 fighter to operate from the decks of its carriers.
Israeli troops kill 2 and injure hundreds, Palestinians say
The prime minister urged Israel to "show restraint" after soldiers shot dead two more Palestinians near the border on Tuesday. U.S. officials insist the administration remains committed to restarting the stalled Israeli-Palestinian peace process.
Oil Remains Upbeat as Brent Crude Trades $77.07
The tightening market has just about solved the global supply overhang that has weighed down oil prices between 2014 and 2017. Most cartel member governments are eager to boost oil prices since their economies are highly dependent on oil revenues.
Race for governor leads Pa. primary ballot
The Republicans are Rick Saccone (who lost to Conor Lamb in the nationally watched special election) and Guy Reschenthaler. You can look at your new district here and you can figure out where to go vote by entering your address here .
One week away from the Royal wedding
Presiding Bishop Curry , based in Chicago, happily agreed to travel to Windsor to take part in the service. Meghan Markle's half-siblings who were not invited to the royal wedding have criticized her.