Obama signs new Iran sanctions - Gayo Lues
The White House said Monday that President Barack Obama had signed an executive order blocking all Iranian government assets in the US, including that of the Central Bank.
“I have determined that additional sanctions are warranted,” Obama said in a letter to Congress.
The measures block all property and interests belonging to the Iranian government, the Central Bank and all Iranian financial institutions that fall within US jurisdiction.
Previously, US institutions were required to reject, rather than block, such Iranian transactions.
The new executive order gives American institutions new powers to seize assets they encounter instead of just turning them back.
Last month, Obama signed into law economic sanctions against Iran’s Central Bank.
The new sanctions came one day after the US president claimed that the White House wants a diplomatic solution to Iran’s nuclear program.
“We proceed to try to solve this — hopefully diplomatically,” Obama said.
The US and its allies accuse Iran of pursuing a military nuclear program, an allegation refuted repeatedly by Tehran.
AGB/HGH
source: Presstv.ir
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