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US slaps fresh sanctions on Iran's Guards
[Al Arabiya Latest] The United States targeted Iran's Revolutionary Guard as it fired Wednesday the first salvo in what it hopes will be a new international campaign of sanctions against Tehran for its suspect nuclear work.A day after President Barack Obama pressed for a "significant regime of sanctions" against Iran, the Treasury Department ordered a freeze on assets of an individual and four companies linked to the Revolutionary Guards Corps. The action, which extends earlier sanctions against the Guards and its Khatam al-Anbiya Construction Headquarters, bans U.S. transactions with the newly designated firms and aims to freeze any assets they may have under U.S. jurisdiction. The Treasury said Khatam al-Anbiya is involved in the construction of streets, highways, tunnels, pipelines and water projects and its profits help support Iran's nuclear and ballistic missile programs as well as terrorist activities. The latest Treasury action represents an incremental step that builds on previous efforts to target specific firms that support Iran's nuclear development and missile technology. Posted by: Fred 2010-02-11 |
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