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Summary US slapped new financial sanctions on Iran to hinder the country's nuclear and missile programmes.
The Obama administration is hitting Iran with more sanctions designed to hinder the countrys nuclear and ballistic missile programmes.The Treasury Department announced new financial sanctions Thursday. They have been imposed on 11 companies affiliated with the Iranian defense ministry, Revolutionary Guard Corps and national shipping line as well as a university, all for actions they took to support the programmes.Treasury is also slapping penalties on four men, including an Austrian national and three Iranians, for similar activity. Several of the firms are subject to existing U.S. and European sanctions.Treasury has also identified several front companies operating on behalf of the sanctioned entities, including energy firms based in Hong Kong, Switzerland and Malaysia.
