us-sanctions 20 July 2017

Iran promises retaliation for new US sanctions

The US government has made a batch of new Iranian designations which have provoked a backlash from Iran.

The Office of Foreign Assets Control (‘OFAC’) says the designations include: ‘Seven entities and five individuals for engaging in activities in support of Iran’s military or Iran’s Islamic Revolutionary Guard Corps (IRGC), as well as an Iran-based transnational criminal organization and three associated persons.’

In a statement, Iran’s Foreign Ministry said it condemned ‘Washington’s contemptible and worthless move to add new names to the list of its illegal sanctions, and will reciprocate the move by imposing sanctions on a number of American natural and legal persons who have taken steps against the Iranian people and other Muslim nations in the region. The names of these individuals will be announced soon.’