Thursday, 12 July 2012

US tightens sanctions Iran over nuclear programme


Iranian flag and oil platform Iran's oil industry is among the industries already targeted by Western sanctions

 


The United States says it has further tightened sanctions on Iran imposed in connection with its nuclear programme.

The US Treasury said it had blacklisted several companies and individuals that it believed were contributing to efforts to acquire nuclear weapons.

It also said it had identified several companies and banks acting as front organisations helping Iran to evade existing sanctions.

Iran insists its nuclear programme is purely for peaceful purposes.

"We will continue to ratchet up the pressure so long as Iran refuses to address the international community's well-founded concerns about its nuclear programme," US Treasury official David Cohen said.

He added that the latest steps were aimed at "disrupting Iran's nuclear and ballistic missile programmes as well as its deceptive efforts to use front companies to sell and move its oil".

The targets of the new financial sanctions include companies linked to Iran's defence ministry, the Revolutionary Guards and its national shipping line, according to the AP news agency.

The US and the European Union already have a wide range of sanctions aimed at putting pressure on Iran to make concessions on its nuclear

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