U.S. imposes sanctions against governor of Iran's Central Bank

US Imposes New Sanctions on Iran as 'Part of Aggressive Campaign' Against IRGC

US Imposes New Sanctions on Iran as 'Part of Aggressive Campaign' Against IRGC

Seif is the governor of the Iranian central bank.

Valiollah Seif, the governor of the Iranian central financial institution, was named a "specifically designated global terrorist" together with one other senior official, Ali Tarzali, who works within the central financial institution's worldwide division.

"These actions build upon President Trump's May 8 decision to cease the United States' participation in the Joint Comprehensive Plan of Action (JCPOA) and begin reimposing U.S. sanctions that had been lifted under the JCPOA, including against the Central Bank of Iran", Tuesday's statement said. According to the Treasury, the anti-Iran sanctions cuts off Tehran's use of critical banking network.

Seif is also under attack inside Iran.

This is already the second batch of US' anti-Iranian sanctions since Trump's announcement on the pullout from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Actions (JCPOA). "The global community must remain vigilant against Iran's deceptive efforts to provide financial support to its terrorist proxies", Secretary of the Treasury Steven Mnuchin asserted. The sanctions concentrating on Iran's central financial institution executives are among the first actions by Trump's administration since pulling out of the deal to begin ramping up that financial strain.

Last week, the White House issued a statement condemning Iran's Revolutionary Guard Corps.

There was no immediate comment Tuesday night from Iranian officials. Iranian media initially reported the choice based mostly on reviews within the worldwide media. On Tuesday, the U.S. Treasury Department hit him with sanctions. The Iraqi bank and its chairman also are being punished with sanctions.

US Imposes New Sanctions on Iran as 'Part of Aggressive Campaign' Against IRGC
Top News: US hits head of Iran's central financial institution with terror sanctions

Typically, when the U.S. punishes individuals with sanctions, it prohibits Americans or USA companies from doing business with them. On this case, the US selected to additionally impose "secondary sanctions", which additionally apply to non-Individuals and non-U.S. firms.

Hits Valiollah Seif with terror sanctions.

. Seif often visits Washington to attend conferences of the Worldwide Financial Fund.

In a 2016 assembly of the Council on International Relation in Washington, Seif mentioned Iran achieved "virtually nothing" from the deal.

The blacklisted head of Iraq's Al-Bilad Islamic Bank was named as Aras Habib, who ran in last weekend's general elections as a candidate on the slate of Prime Minister Haidar al-Abadi, whose government has been supported by the United States and the global community.

At the time, the USA singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action.

Hezbollah, the powerful Shia guerrilla force that is based in Lebanon and is a prominent political player there, has long helped carry out Iran's foreign policy objectives in the Arabic-speaking world.

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