Closer look at Iran’s Basij wings targeted in latest bout of US sanctions

Masked members of Iran’s paramilitary Basij militia parade in Tehran. (File photo: AFP)

The US Treasury announced new sanctions on Iran on Tuesday, including sanctions on an Iranian tractor manufacturing company and a steel company among other firms.

The Treasury imposed sanctions on a multibillion-dollar financial network that supports an Iranian paramilitary force that recruits and trains child soldiers for the country's powerful Islamic Revolutionary Guard Corps (IRGC).

The Bonyad Taavon Basij network supports a volunteer paramilitary group, the Basij Resistance Force, which works with the IRGC, Treasury said in a statement.

The sanctioned entities are: Andisheh Mehvaran Investment Company, Bahman Group, Bandar Abbas Zinc Production Company, Bank Mellat, Bonyad Taavon Basij, Calcimin Company, Esfehan’s Mobarakeh Steel Company, Iran Tractor Manufacturing Company, Iran’s Zinc Mines Development Company, Mehr Eqtesad Bank, Mehr Eqtesad Financial Group, Negin Sahel Royal Company, Parsian Bank, Parsian Catalyst Chemical Company, Qeshm Zinc Smelting And Reduction Company, Sina Bank, Tadbirgaran Atiyeh Investment Company, Taktar Investment Company, Technotar Engineering Company and Zanjan Acid Production Company.

Trump withdrew the United States from the 2015 nuclear deal between Iran and world powers in May, and his administration re-imposed a round of sanctions on the Islamic republic in August.

Another round of sanctions is expected at the beginning of November.

(with Agencies)
 

SHOW MORE
Last Update: Wednesday, 20 May 2020 KSA 09:51 - GMT 06:51
Top