Aug. 29 (Bloomberg) -- The U.S. penalized dozens of entities and individuals involved in expanding Iran’s nuclear proliferation program, supporting terrorism and helping the Persian Gulf nation evade U.S. and international sanctions.
“As we fulfill our commitment to provide targeted sanctions relief, we remain committed to enforcing existing sanctions against Iran,” Treasury Undersecretary for Terrorism and Financial Intelligence David Cohen said in a statement released in Washington.
Under the actions announced today, companies such as Iranian government airline Meraj Air, and Iranian-owned Asia Bank are blocked from doing business with Americans and U.S. companies, the Treasury said in the statement.
The State Department said it penalized companies including Tehran-based Organization of Defensive Innovation and Research, Goldentex FZE of United Arab Emirates and Italy-based Dettin SpA, according to a separate statement.
The penalties come as Iran and world powers continue nuclear negotiations after they failed to clinch a long-term deal last month. Diplomats from the U.S., Iran, China, France, Germany, Russia and the U.K. gave themselves a deadline of Nov. 24 to find a lasting solution to the decade-long dispute. Talks continue under an interim deal that has lifted some sanctions levied over Iran’s nuclear work in exchange for caps on atomic activities.
Asia Bank, with offices in Moscow, has provided support to the Central Bank of Iran by converting and arranging delivery to Tehran from Moscow U.S. dollar bank notes valued at more than $13 million, the U.S. Treasury said.
To contact the reporter on this story: Kasia Klimasinska in Washington at email@example.com
To contact the editors responsible for this story: Chris Wellisz at firstname.lastname@example.org Brendan Murray, Mark Rohner