The Treasury Division on Friday slapped sanctions on an elite Iranian navy group, a part of its broader technique to ramp up strain on Tehran.
The announcement got here after President Donald Trump began a marketing campaign to “repair” the 2015 Iran nuclear deal, telling Congress the settlement is now not in america’ pursuits.
The Treasury is concentrating on Iran’s Islamic Revolutionary Guard Corps, a navy unit loyal to Supreme Chief Ayatollah Ali Khamenei. Treasury Secretary Steven Mnuchin contended the group has “performed a central position to Iran turning into the world’s foremost state sponsor of terror.”
In remarks Friday outlining his technique to curb Iran’s nuclear growth and finish alleged assist for terrorism, Trump referred to as the sanctions “lengthy overdue.”
“It has hijacked massive parts of Iran’s economic system and seized large spiritual endowments to fund battle and terror overseas … I’m authorizing the Treasury Division to additional sanction all the Islamic Revolutionary Guard Corps for its assist for terrorism and to use sanctions to its officers, brokers and associates,” the president mentioned.
“I urge our allies to hitch us in taking sturdy actions to curb Iran’s continued harmful and destabilizing conduct, together with thorough sanctions outdoors the Iran deal that focus on the regime’s ballistic missile program in assist for terrorism and all of its harmful actions, of which there are various,” Trump added.
Trump and Mnuchin mentioned the Revolutionary Guards has supported Syrian President Bashar Assad’s regime, in addition to terrorist teams Hezbollah in Lebanon and Hamas within the Palestinian territories. The Treasury didn’t designate the Revolutionary Guards itself a terrorist group.
The Treasury additionally sanctioned 4 entities — three based mostly in Iran and one based mostly in China — that it says supplies “assist to the IRGC or Iran’s navy.”
“We urge the non-public sector to acknowledge that the IRGC permeates a lot of the Iranian economic system, and those that transact with IRGC-controlled corporations achieve this at nice threat,” Mnuchin mentioned in an announcement.
The Trump administration desires to get European allies to sanction the Revolutionary Guards, as effectively.