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US extends sanctions list aimed at Iran’s nukes

The Obama administration has expanded US sanctions on Iran, slapping additional companies and individuals with penalties meant to curb Iran’s nuclear and missile programmes.

world Updated: Jun 17, 2010 08:25 IST

The Obama administration has expanded US sanctions on Iran, slapping additional companies and individuals with penalties meant to curb Iran’s nuclear and missile programmes.

In announcing the move on Wednesday, Treasury Secretary Timothy Geithner said the new US penalties were aimed at those helping Iran develop its nuclear and missile programmes and evade international sanctions.

The administration’s announcement is the first step in implementing an Iran sanctions resolution passed by the UN Security Council last week.

“In the coming weeks we will continue to increase the financial pressure on Iran,” Mr. Geithner said.

Mr. Geithner told a White House news conference that the administration expects other countries to announce new penalties of their own against Iran soon.

“This is not something the United States can do alone,” he said.

The additions to the US sanctions list include Iran’s Post Bank for its support of nuclear proliferation, officials said. That brings to 16 the number of Iranian-owned banks on the US list.

Among the other new targets of US sanctions are five front companies and a list of more than 90 names of ships that Iran’s national maritime carrier has been using to try to evade sanctions, the Treasury Department’s Stuart Levey told the same White House briefing.

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