US applies new sanctions on Iran
The US has clamped unilateral sanctions on five more
Iranian entities over their alleged links to and support for Iran's nuclear
The US Treasury Department
accused the Iranian entities of providing materials to Iran's nuclear
program and banned the American companies from carrying business with those
The new sanctions would also
freeze any assets that the Iranian companies might have in the United States.
The five entities have been
identified as the Nuclear Research Center
for Agriculture and Medicine at Karaj, the Isfahan
Nuclear Fuel Research and Production Center, Safety Equipment Procurement Co.
and Jaza Industrial Co. and Jabbar
The organizations are active
in nuclear research, educational programs, laboratory services for nuclear fuel
production and establishment of industrial units related to peaceful unclear
"These five nuclear and
missile entities have been used by Iran to hide its illicit conduct
and further its dangerous nuclear ambitions," said Stuart Levey, the Treasury Department's undersecretary for
Terrorism and Financial Intelligence.
The West has so far imposed
three rounds of sanctions against Iran, threatening the country with the fourth round should it
refuse to halt its enrichment.
The European Union ratcheted
up trade restrictions on Iran
Friday, introducing restrictions on public loans and tougher cargo inspections.
Also in late June, the
European Union agreed to ban Iran's
largest bank (Bank Melli) from operating in Europe for allegedly 'providing services to the country's
nuclear program'. The EU announced it would exercise vigilance in dealing with
all Iranian banks, in particular Bank Saderat.
The United States and its European allies accuse Iran of pursuing nuclear weapons program, but Iran rejects
the allegations, saying all its enrichment activities are solely aimed at
producing fuel for nuclear power production. The country is currently facing