The United States has imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies ahead of the start of the next month’s new round of the US sanctions against the Islamic Republic.
The US Treasury on Tuesday announced fresh sanctions on Iranian banks, including Bank Mellat and Mehr Eqtesad Bank.
According to an announcement on Treasury’s website, the US is also imposing sanctions on Iran Tractor Manufacturing Company, Esfehan’s Mobarakeh Steel Company, and other companies linked to investment, commodities and engineering.
The Treasury imposed sanctions on a multibillion-dollar financial network that supports the Basij Resistance Force affiliated with Iran’s Islamic Revolutionary Guard Corps (IRGC).
US President Donald Trump announced in May that Washington was pulling out of the nuclear agreement, officially known as the Joint Comprehensive Plan of Action (JCPOA), which lifted nuclear-related…