The Trump Administration has announced a new round of sanctions against Iran's financial institutions today, and singled out a handful of individuals, including the Iranian Central Bank's governor, as a "terrorist" for his banking activities.
US Treasury Secretary Steven Mnuchin accused Iran's Central Bank chief of covertly funneling money on behalf of the IRGC. The European members of the deal are trying to keep it alive without the U.S. Yet it's unclear that will be workable, because Trump has vowed to punish European companies that continue doing business with Iran despite re-imposed U.S. sanctions.
According to the newspaper, Vallila Seif was recognized by the American side "global terrorist" along with another senior official, Ali Tarsali, which is representative of the leadership of the national Bank of Iran.
It has also been announced by the US Treasury that, starting from August 7, the US will impose sanctions "on the purchase or acquisition of US dollars banknotes by the government of Iran".
Tehran has strongly condemned Washington for imposing sanctions on the Central Bank of Iran's chief over a week after the U.S. withdrawal from the 2015 nuclear deal, saying such moves are meant to derail the ongoing negotiations to save the now six-party agreement. Iranian media initially reported the decision based on reports in the foreign media. That signifies that anybody, in any nation, who does enterprise with Seif or Tarzali might themselves be punished with sanctions, reducing them off from the US monetary system.
It is rare to place a governor of a central bank on the global terrorist list. British, French and German foreign ministers met in Brussels on Tuesday to see how they can save the nuclear deal without the US.
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Also at issue is how to integrate the country's vast and predominantly Shiite militia structure into the security forces. Al-Abadi's signature achievement was expelling Islamic State militants from Mosul, a Nineveh city, in 2017.
The US says it's also imposing so-called secondary sanctions on Seif. Seif frequently visits Washington to attend meetings of the International Monetary Fund.
At the time, the United States singled out the Central Bank of Iran as "complicit" in the operation, foreshadowing Tuesday's action. In the aftermath of the 2015 worldwide accord, in which nuclear sanctions on Iran were lifted, Seif was a prominent voice complaining that Iran was still being kept out of the global financial system and not receiving the economic benefits it was promised in exchange for curtailing its nuclear program.
Though it's uncommon to sanction central financial institution officers, the US has carried out it earlier than.
Yet Seif is also under attack inside Iran.
Lebanon's Hezbollah, the Shiite guerrilla force, has long helped carry out Iran's foreign policy objectives in the Arabic-speaking world.
The designations are part of the Trump administration's efforts to disrupt Hezbollah's financial network. Hezbollah, a Lebanese terrorist group which launched a war against Israel in 2006, is a key regional ally to Iran. And in 2015, the USA focused the governor of Syria's central financial institution.