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U.S. imposes new sanctions against the Iranian regime

U.S. Secretary of State, Mike Pompeo declares new sanctions on Iran
U.S. Secretary of State, Mike Pompeo declares new sanctions on Iran

Report by PMOI/MEK


Washington DC, November 2, 2018 - The U.S. Treasury declared today new sanctions against the Iranian regime for its illicit nuclear program and its support for terrorism across the globe.

U.S. Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin declared the sanctions, which will target the Iranian regime’s shipping, financial and energy sectors. Oil exports, which account for the funding of most of the illicit activities conducted by the Iranian regime, will be the biggest focus of the new sanctions.

The U.S. officials also declared that 700 companies, individuals, businesses, aircraft and ships will be added to the U.S. sanctions list and will be blocked from accessing global business and financial networks.

The reimposition of sanctions "is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world," Pompeo said, adding, "Our ultimate aim is to compel Iran to permanently abandon its well documented outlaw activities and behave as a normal country."

The measures will restore sanctions that were lifted after the signing of the 2015 nuclear deal between the Iranian regime and world powers. At the time, the regime was given economic incentives and access to frozen assets in exchange for the partial suspension of its nuclear activities and the reduction of its enriched uranium stockpile. As the Iranian opposition had warned, the regime used the windfall to fund its terrorist activities and fuel wars and conflict in the Middle East region. The main beneficiary of the deal has been the IRGC, which is the regime’s main implement for suppressing protests in Iran, developing ballistic missiles and pursuing the regime’s terrorist agendas abroad.

The new sanctions, which will come into effect on Monday, November 5, will deal a heavy blow to the IRGC’s financial resources.