More Iranian organs sanctioned by the US

More Iranian organs sanctioned by the US
ID : N-3169 Date : 2018/10/17 - 09:50

(Persia Digest) - The US Treasury Office of Foreign Assets Control (OFAC) has announced the addition of new Iranian organs to its list of sanctions.

The Basij Cooperative Foundation, and Mehr Eghtesad, Mellat, Sina, and Parsian banks, together with Negin-e Sahel-e Roya, Sarmayeh-Gozari, Tadbirgaran, Atieh, Mehr Eghtesad Financial Group, Tecno Tar, Taktar Investment, Tractor Sazi Iran, Isfahan Mobarakeh Stee Company, Andisheh-Mehvaran Investment, Bahman Automotive Group, Calcimine, Iranian Zinc Mines Development Company, Qeshm Zinc Melting and Reduction Complex, Acid-Sazan-e Zanjan, Parsian Catalyst Chemical, and Bandar Abbas Zinc Production companies are now on the US list of sanctions.

Analysts say the White House crackdown is a result of the failure of its anti-Iranian initiatives over the past year, which has led to a global isolation of the United States.


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Currently, the EU is considering a Special Purpose Vehicle (SPV) for direct transactions between European central banks and Iran to guarantee sustained trade activities.

The EU is also reviewing a plan for replacing the SWIFT Society for Worldwide Interbank Financial Telecommunications.

Following his unilateral withdrawal from the 2015 JCPOA nuclear deal with Iran and world powers on 8 May this year, Donald Trump announced that he will reimpose old and new sanctions on Iran.


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Other signatories to the deal – the EU, China, and Russia – are opposed to this withdrawal and want to keep the JCPOA in place.

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