U.S. Blacklists 21 Iranian Companies

(Wall Street Journal) Jay Solomon - The U.S. Treasury on Tuesday blacklisted 21 state-owned Iranian companies in six countries as part of a growing and coordinated international effort to undercut Tehran's ability to use units in Europe and Asia to facilitate financial transactions and weapons development. The Obama administration's point man in its financial war on Iran, Treasury undersecretary for terrorism and financial intelligence Stuart Levey, also announced U.S. sanctions against key leaders in Iran's Islamic Revolutionary Guard Corps, as well as measures targeting Iranian foundations accused of supporting militant groups in Lebanon, Afghanistan and the Palestinian territories.

2010-08-05 08:19:23

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