US cracks down on companies evading Iran sanctions | iNFOnews | Thompson-Okanagan's News Source

Current Conditions


US cracks down on companies evading Iran sanctions

Secretary of State John Kerry walks to a closed-door briefing with Senators on the recent agreement reached between Iran and western powers on Iran's nuclear program, Wednesday, Dec. 11, 2013, on Capitol Hill in Washington. (AP Photo/Susan Walsh)
December 12, 2013 - 5:59 AM

WASHINGTON - The Obama administration is targeting several companies and individuals for evading international sanctions against Iran and for providing support for Iran's nuclear program.

The Treasury and State departments announced Thursday they are freezing assets and banning transactions of entities they say are involved in the proliferation of material used for making weapons of mass destruction — and who are attempting to evade sanctions.

The U.S. and five other world powers recently signed a first-step agreement with Iran that is aimed at halting any progress by Tehran toward developing a nuclear weapon. U.S. lawmakers want to stiffen economic sanctions against Iran itself, but the administration is asking Congress to give diplomacy a chance to reach a comprehensive agreement with Iran.

News from © The Associated Press, 2013
The Associated Press

  • Popular kamloops News
View Site in: Desktop | Mobile