Supervisor Elham AbolFateh
Editor in Chief Mohamed Wadie

US Imposes Fresh Iran-Related Sanctions Targeting Steel Production

Tue 05 Jan 2021 | 05:40 PM

On Tuesday, Washington decided to impose fresh Iran-related sanctions targeting the steel sector, according to the Treasury Department’s website.

In a statement, the website reported that the new wave of sanctions aims to increase pressure on Tehran in the final weeks of Donald Trump’s presidency.

Washington blacklisted more than a dozen entities and one person, according to the website.

Relations between Washington and Tehran have been tense since Trump abruptly withdrew in 2018 from the Iran nuclear deal.

In the same context, US Secretary of State Mike Pompeo stated that his country shall impose sanctions on the Iranian Defense Ministry and other units of the army that receive the weapons.

“For nearly two years, corrupt officials in Tehran have worked with the illegitimate regime in Venezuela to flout the U.N. arms embargo,” Pompeo said. “ Our actions today are a warning that should be heard worldwide. No matter who you are, if you violate the U.N. arms embargo on Iran, you risk sanctions.”

More to follow...