ECONOMY

US Treasury adds 300 persons, companies to Iran sanctions blacklist

The US Treasury Department. (Shutterstock)

The Trump administration has announced adding 300 persons and companies to its Iran sanctions blacklist on Friday.

Washington said that it will re-impose all US sanctions on Iran that had been lifted under the 2015 nuclear deal, starting Monday November 4.

US secretary of the Treasury, Steven Mnuchin, said that the US sanctions on Iran include 700 persons and companies, out of which 400 had already sanctioned, and 300 are newly added.

The sanctions will cover Iran’s shipping, financial and energy sectors.

Secretary of State Mike Pompeo had said that the sanctions are “aimed at fundamentally altering the behavior of the Islamic Republic of Iran.”

He has released a list of 12 demands that Iran must meet if it wants the sanctions lifted. They include ending support for terrorism, ending military engagement in Syria and completely halting its nuclear and ballistic missile development.

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Last Update: Saturday, 3 November 2018 KSA 00:45 - GMT 21:45
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