News Column

US Places More Sanctions Against Iran

Feb 7, 2013

The U.S. Treasury Department Wednesday announced additional sanctions aimed at limiting Iran's access to oil revenues and punishing its censorship activities.

The sanctions, announced Wednesday, target the Central Bank of Iran and other Iranian financial institutions, restricting their ability to use oil revenue held in foreign banks, and preventing the money from reaching Iran.

The sanctions also include Islamic Republic of Iran Broadcasting and three other organizations within Iran, the Iranian Cyber Police, Iran Electronics Industries and the Communications Regulatory Authority, for restricting "the free flow of information to or from the Iranian people," the statement said.

The sanctions prohibit U.S. citizens from engaging in transactions with those groups and blocks the use of any property they have in the United States.



Source: Copyright United Press International 2013


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