New Sanctions Against Iran Announced
October 26, 2007 by pulkit
A fresh round of U.S. sanctions against Iran were announced by Secretary of State Condi Rice and Treasury Secretary Hank Paulson. These sanctions are targeted against Iran’s Revolutionary Guard Corps and the Quds Force, which have been accused by the U.S. of aiding terrorism. These sanctions will mean that assets of any U.S business entity will be frozen, if they conduct any business with the tainted Iranian organizations. Likewise, foreign firms that have dealings with these Iranian military organizations they, too, will be stripped of their right of carrying out any business within the U.S, or with any U.S entity.
Mr. Paulson said that, in dealing with Iran, “it is nearly impossible to know one’s customer and be assured that one is not unwittingly facilitating the regime’s reckless behavior and conduct.” [source]
