U.S. Secretary of State Mike Pompeo (left) and Treasury Secretary Steven Mnuchin announce new sanctions at the White House, January 10, 2020. (Reuters)

March 26, 2020

The United States on Thursday blacklisted 20 Iran- and Iraq-based companies, officials and individuals, accusing them of supporting terrorist groups and ramping up pressure on Tehran even as the Islamic Republic battles the coronavirus outbreak.

The US Treasury Department said in a statement that the individuals and entities supported Iran’s Islamic Revolutionary Guards Corps (IRGC) and its elite foreign paramilitary and espionage arm, the Quds Force, as well as transferred lethal aid to Iran-backed militias in Iraq, including Kataib Hezbollah and Asaib Ahl Al-Haq.

Treasury said the people and entities were involved in smuggling weapons to Iraq and Yemen and selling US-blacklisted Iranian oil to the Syrian government, among other activities.

The sanctions freeze any US-held assets of those designated and generally bar Americans from doing business with them.

“Iran employs a web of front companies to fund terrorist groups across the region, siphoning resources away from the Iranian people and prioritizing terrorist proxies over the basic needs of its people,” Treasury Secretary Steven Mnuchin said in the statement.

Reuters

About Track Persia

Track PersiaTrack Persia is a Platform run by dedicated analysts who spend much of their time researching the Middle East, in due process we fall upon many indications of growing expansionary ambitions on the part of Iran in the MENA region and the wider Islamic world. These ambitions commonly increase tensions and undermine stability.