The US Treasury Department Announces Sanctions on 30 Individuals and Entities Linked to the Islamic Republic

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The US Treasury Department Announces Sanctions on 30 Individuals and Entities Linked to the Islamic Republic

The U.S. Treasury Department announced sanctions on 30 individuals and entities linked to the Islamic Republic.

On Friday, June 5th, the U.S. Treasury Department added a new list of individuals and companies linked to the Islamic Republic to the list of Specially Designated Nationals and Blocked Persons.

These sanctions have been imposed under Executive Order 13902 and other executive orders related to the nuclear program and regional activities of the Islamic Republic.

Among the sanctioned individuals, the names of the Zaringhalam family members stand out, who are associated with various companies in Tehran, Dubai, London, and Hong Kong.

These individuals hold dual citizenships, including Iranian, British, and Saint Kitts and Nevis, and are accused of collaborating in circumventing financial, currency, and trade sanctions.

In addition to individuals, more than 30 companies have been added to the sanctions list, most of which are involved in currency exchange, oil trade, petrochemicals, and general commerce in the UAE, China, and Hong Kong.

These companies are directly or indirectly linked to the financial networks of the Zaringhalam family or the National Iranian Tanker Company.

The aim of these sanctions is stated to be limiting the Islamic Republic of Iran’s access to financial resources, strategic equipment, and nuclear capabilities through private and international infrastructures.

The named individuals and entities are subject to secondary sanctions, and any cooperation with them could have legal consequences for third parties as well.

The new sanctions are announced while last week, several media outlets reported, citing informed officials, that White House spokesperson Karine Jean-Pierre had issued an order to halt the imposition of new sanctions against the Islamic Republic.

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