Trump’s Fresh Sanctions Target 30 Individuals Who Tried to Circumvent Restrictions on Iran Embargoes

Fresh sanctions imposed by the US Treasury Department target over 30 individuals and entities allegedly involved in a complex scheme to circumvent existing restrictions and funnel funds to Iran’s nuclear and missile development programs.

According to a statement, this clandestine network utilized a web of proxy companies based in locations such as Hong Kong and the United Arab Emirates, effectively creating a parallel financial system.

The primary objective was to conceal the source of revenue generated from oil and petrochemical sales, ultimately channeling these funds into projects linked to the military.

The newly imposed sanctions result in the freezing of assets held by these entities within the US and prohibit American citizens from engaging in any business transactions with them.

Furthermore, these measures significantly hinder the ability of the sanctioned parties to conduct international transactions, particularly those involving US currency.