Dept. of Treasury Announces New Sanctions Against Iran

— by Jacob Miller, Jason Berger

Yesterday, the U.S. Department of Treasury announced new sanctions against Iran, as instructed in President Barack Obama’s Executive Order 13382, which targets those that assist with the proliferation of or support in the development of weapons of mass destruction. Those targeted are part of a global network that are responsible for acquiring important components for Iran’s nuclear program. Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen said:

As long as Iran continues to pursue a nuclear and ballistic missile program in defiance of multiple UN Security Council Resolutions, the U.S. will target and disrupt those involved in Iran’s illicit activities.

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We will continue to work with our international partners to intensify this pressure and tighten sanctions on Iran’s energy sector as it provides much needed financial support for the Iranian regime’s proliferation activity.

Treasury’s announcement further detailed those being targeted:

The designations focus on entities and individuals supporting previously designated entities within Iran’s proliferation network as well as Iran’s Islamic Revolutionary Guard Corps (IRGC), Naftiran Intertrade Company (NICO), and Iran’s Ministry of Defense for Armed Forces Logistics (MODAFL).  These organizations are at the center of Iran’s continued proliferation activities.  

Last Wednesday, by a vote of 99 to 0, the Senate passed a resolution condemning Iran’s pursuit of nuclear weapons. The resolution also supports Israel’s right to exist and reaffirms our country’s close relationship with the Jewish state. After the votes were cast, Senate Foreign Relations Chairman Robert Menendez said in a press release:

Iran’s provocative actions threaten not just regional stability, but pose an existential threat to our ally Israel, and clearly are a very real threat to U.S. national security. Iran’s leaders must understand, that unless they change course their situation will only get worse. Their economic struggles and international isolation will only grow. While this resolution makes absolutely clear that we are not authorizing the use of force, it does make clear that we have Israel’s back. If Israel is compelled to take military action in self-defense against Iran’s nuclear program, we should stand with Israel — using all the tools of our national power — to assist Israel in defense of its territory, people and existence.

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