US And EU To Impose Sanctions on Iran

Forex News

The US accepted a EU offer to impose new sanctions on Iran. Also, companies that might collaborate with the Islamic Republic were warned that they could be funding militant groups and regional instability.

Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker told that sanctions were a decisive step in the effort to stop Iran's "malign activity" in the region. Mandelker stated: "We understand that the EU, it's been reported in the press, is considering new Iran-related sanctions. This is a good and important step that we support".

"We say any company thinking about doing business in Iran or with Iranian companies face serious risks that they will be doing business with those, like the IRGC (Islamic Revolutionary Guards Corps), supporting terrorism and instability throughout the world," added the Under Secretary.

Hassan Rouhani (Iran's President) in his turn claimed the US will regret withdrawing from the nuclear deal and the response from Iran is going to be an aggressive one, it seems.