News ID: 232946
Published: 0420 GMT October 17, 2018

Iran: US sanctions clear insult to legal, int’l mechanisms

Iran: US sanctions clear insult to legal, int’l mechanisms

Russia denounces new US sanctions against Iran

Iran’s Foreign Ministry spokesman Bahram Qassemi criticized a recent US move to impose new sanctions on several Iranian banks and other companies, describing it as a clear insult to legal and international mechanisms.

Qassemi said Washington was involved in a psychological war by imposing sanctions on Bank Mellat, Mehr Eqtesad Bank and a handful of other companies, IRNA reported.

This action shows the spitefulness of the Trump administration toward the Iranian people and is a clear insult to legal and international mechanisms, he said on Wednesday.

On Tuesday, the US imposed fresh sanctions on a number of Iranian banks and financial institutions as well as companies ahead of the start of the next month's new round of the US sanctions against the Islamic Republic.

According to an announcement on Treasury's website, the US is also imposing sanctions on Iran Tractor Manufacturing Company, Esfahan’s Mobarakeh Steel Company, and other companies linked to investment, commodities and engineering.

The Treasury imposed sanctions on a multibillion-dollar financial network that supports the Basij Resistance Force affiliated with Iran's Islamic Revolution Guards Corps (IRGC).

Also on Wednesday, Russian Deputy Foreign Minister Sergei Ryabkov repudiated new US sanctions on Iran’s businesses, saying Washington appears to be taking every opportunity to exert pressure on countries it dislikes.

"Regardless of what reasons, under what pretexts and against which countries the US imposes its unilateral sanctions, we firmly oppose it,” Ryabkov told Sputnik.

“The unacceptability of unilateral extraterritorial sanctions as a foreign policy tool has been and remains the core of our position. We see that Washington respects no limits in the pursuit of exerting pressure on countries it dislikes, including Iran," he added.

US President Donald Trump announced in May that Washington was pulling out of the nuclear agreement and reimposed anti-Iran sanctions, which were lifted under the 2015 nuclear agreement.

The US Treasury’s announcement came two weeks before the Trump administration imposes a second round of sanctions, targeting Iran’s oil sector and banking, on November 4.

The first round of the sanctions, targeting Iran's access to the US dollar, metals trading, coal, industrial software, and auto sector, took effect in August. 


Reuters and Press TV contributed to this story.




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